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Property profile & analytics
OFF-MARKET
Estimated value
$8,860,000
Community centers
5500 Reseda Blvd Tarzana, CA 91356-2608
Entity Owned
30-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-7877821
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1967
Construction
TILT-UP CONCRETE
Total area
56,353 SF
Lot
3.64 ac (158,746 SF)
Zoning code
LAP
APN
2160-010-028
UPID
US09-7877821
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
-
Viktor Benes Bakery Tarzana Bakery Specialty Food Shop
-
Wells Fargo ATM Atm
-
Gelson's Tarzana Grocery & Convenience Store Food Market
-
Wolfgang Puck Express Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.19M
Blend (final)
Blend
$8.86M
Owner & transaction history
Penncorp Associates INC · 30 yrs held
Penncorp Associates INC
since 1996
5 recorded transactions
Zoning & alternative use
LAP · Tarzana, 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 Tarzana submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tarzana 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
Blend value · Realmo final
$8.86M
Range $7.97M – $9.75M · ±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
$157 / 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
$69,145
Tax year 2024
Assessed value
$4,761,562
Assessed 2024
Previous assessed
$4,761,562
+0.0% YoY
Effective rate
1.45%
On assessed value
Assessed land
$1,874,815
Assessed improvement
$2,886,747
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1967
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Buildings
4
Stories
1
Total area
56,353 SF
Lot
3.64 ac (158,746 SF)
Zoning code
LAP
APN
2160-010-028
UPID
US09-7877821
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAP · Tarzana, CA
Zoning LAP · permitted uses
LAP · Tarzana, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tarzana. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1967
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Lot
3.64 ac
Current owner
From public records · entity-resolved
Penncorp Associates INC
Entity
Free & Clear · 30 yrs held
Mailing address
1888 CENTURY PARK E STE #1015, LOS ANGELES, CA 90067-1714
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1996
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2011
—
Reseda Clark LLC
—
Deed Of Trust
related
$3,200,000 · First Century Bank
Apr 15, 1996
$355,000
Penncorp Associates INC
Beyer Trust
Grant Deed
related
—
Mar 30, 1995
—
Beyer Stanley Co Tr Et Al
—
Deed Of Trust
related
—
—
—
Beyer Trust
—
Deed Of Trust
related
—
—
—
Beyer Trust
—
Deed Of Trust
related
$334,208 · Individual
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.
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