Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$49,640,000
Office buildings
5161 Lankershim Blvd North Hollywood, CA 91601-4962
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-0502691
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1984
Construction
STEEL FRAME
Total area
180,216 SF
Lot
2.42 ac (105,207 SF)
Zoning code
LAC4
APN
2353-004-040
UPID
US10-0502691
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
-
Endemol Shine North America Film Production Television Studio
-
Flutie Entertainment Film Production Television Studio
-
wLc Designs Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Vikash jhunjhunwala Accounting Firm
-
LA office IMMERSIVE Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$51.17M
Blend (final)
Blend
$49.64M
Owner & transaction history
Madison-ofc 5161 Ca LLC · 7 yrs held
Madison-ofc 5161 Ca LLC
since 2019
7 recorded transactions
Zoning & alternative use
LAC4 · North Hollywood, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$82.5M
+2.8%
Medical building
$81.9M
+2.1%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$80,240,000
Current use
AUTO REPAIR, GARAGE
$82,505,000
Change: +3% · Conversion: Difficult
MEDICAL BUILDING
$81,925,000
Change: +2% · Conversion: Easy
RETAIL STORES
$77,495,000
Change: -3% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$76,655,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$49.64M
Range $44.68M – $54.60M · ±10%
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
$275 / 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
$1,391,869
Tax year 2024
Assessed value
$112,065,919
Assessed 2024
Previous assessed
$112,065,919
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$28,544,163
Assessed improvement
$83,521,756
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1984
Construction
STEEL FRAME
Heating
NONE
Stories
4
Total area
180,216 SF
Lot
2.42 ac (105,207 SF)
Zoning code
LAC4
APN
2353-004-040
UPID
US10-0502691
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
OFFICE BUILDING Current
Est. value
$80.2M
AUTO REPAIR, GARAGE
Est. value
$82.5M
MEDICAL BUILDING
Est. value
$81.9M
RETAIL STORES
Est. value
$77.5M
INDUSTRIAL (GENERAL)
Est. value
$76.7M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL 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
1984
Construction
STEEL FRAME
Heating
NONE
Stories
4
Lot
2.42 ac
Current owner
From public records · entity-resolved
Madison-ofc 5161 Ca LLC
Entity
Free & Clear · 7 yrs held
Mailing address
50 CALIFORNIA ST STE #2100, SAN FRANCISCO, CA 94111-4621
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 29, 2019
$102,470,000
Madison-ofc 5161 Ca LLC
Bcsp 5161 Property LLC
Grant Deed
—
Nov 20, 2017
—
Bcsp 5161 Property LLC
—
Deed
related
$52,748,000 · Acore Capital Mortgage LP
May 25, 2017
$69,000,000
Bcsp 5161 Property LLC
Kw 5161 Lankershim LLC
Grant Deed
—
Aug 27, 2013
$45,000,000
Kw 5161 Lankershim LLC
5161 Lankershim LLC
Grant Deed
$30,000,000 · Pacific Western Bank
Jun 30, 2008
$52,000,000
5161 Lankershim LLC
Arden Realty
Grant Deed
$39,335,000 · General Electric Capital Corp
Jun 10, 1998
—
Realty Fin 3 Arden
Arden Realty,
Quit Claim Deed
related
—
Mar 5, 1998
—
Arden Realty LP
Aew/lba Acquisition Co LLC
Trustees Deed
$200,000,000 · Lehman Brothers Realty Corp
Mar 29, 1996
—
Lba Portfolio B Aew
Hewlett-packard Co
Grant Deed
related
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5161 Lankershim Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
