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Property profile & analytics
OFF-MARKET
Estimated value
$62,100,000
Investment properties
5077 Lankershim Blvd North Hollywood, CA 91601-4226
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9346749
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2015
Construction
WOOD
Total area
170,414 SF
Lot
1.46 ac (63,542 SF)
Zoning code
LAC4
APN
2353-010-033
UPID
US09-9346749
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Club Pilates Gym & Fitness Center
-
Cold Stone Creamery Grocery & Convenience Store Specialty Food Shop
-
Maki NoHo Restaurant
-
Firehouse Subs North Hollywood Take-out & Catering Catering Service
-
Hoke Poke Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$62.10M
CAP Approach
CAP
$53.09M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$62.10M
Owner & transaction history
Prime Lankershim LLC · 2 yrs held
Prime Lankershim LLC
since 2024
Last sale
$62.1M
4 recorded transactions
Zoning & alternative use
LAC4 · North Hollywood, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs North Hollywood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Hollywood submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$62,100,000
ML approach
$62,100,000
CAP Approach
CAP Return
Estimation
6%
$57,515,000
6.5%
$53,090,000
7%
$49,300,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$79,925,000
Current use
AUTO REPAIR, GARAGE
$78,020,000
Change: -2% · Conversion: Difficult
MEDICAL BUILDING
$77,465,000
Change: -3% · Conversion: Easy
OFFICE BUILDING
$75,875,000
Change: -5% · Conversion: Easy
RETAIL STORES
$73,280,000
Change: -8% · Conversion: Easy
INDUSTRIAL (GENERAL)
$72,485,000
Change: -9% · Conversion: Moderate
Blend value · Realmo final
$62.10M
Range $55.89M – $68.31M · ±10% · vs last sale $62.10M (May 23 2024)
Last sale anchor
$62.10M
May 23 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$364 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$1,001,333
Tax year 2024
Assessed value
$80,837,313
Assessed 2024
Previous assessed
$80,837,313
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$18,205,269
Assessed improvement
$62,632,044
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2015
Construction
WOOD
Heating
NONE
Cooling
OTHER
Stories
5
Units
156
Total area
170,414 SF
Lot
1.46 ac (63,542 SF)
Zoning code
LAC4
APN
2353-010-033
UPID
US09-9346749
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC4 · North Hollywood, CA
Zoning LAC4 · permitted uses
LAC4 · North Hollywood, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Hollywood. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$79.9M
AUTO REPAIR, GARAGE
Est. value
$78.0M
MEDICAL BUILDING
Est. value
$77.5M
OFFICE BUILDING
Est. value
$75.9M
RETAIL STORES
Est. value
$73.3M
INDUSTRIAL (GENERAL)
Est. value
$72.5M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2015
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
5
Units
156
Lot
1.46 ac
Current owner
From public records · entity-resolved
Prime Lankershim LLC
Entity
Mailing address
600 MONTGOMERY ST STE #1700, SAN FRANCISCO, CA 94111-2719
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2024
$62,100,000
Prime Lankershim LLC
Avalon Studio 77 LP
Grant Deed
$40,237,000 · M&t Realty Capital Corporation
Oct 12, 2016
$72,100,000
Avalon Studio 77 LP
Lankershim Noho LLC
Grant Deed
—
Jun 26, 2013
—
Lankershim Noho LLC
—
Trustees Deed
related
$31,683 · Union Bk
Dec 23, 2005
—
Lankershim Noho LLC
5077 Lankershim LLC
Quit Claim Deed
$4,550,000 · Amstar Group LLC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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