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Property profile & analytics
OFF-MARKET
Estimated value
$22,715,000
Apartment buildings
5536 Lindley Ave Encino, CA 91316-1949
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US09-6512646
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2004
Construction
WOOD
Total area
146,790 SF
Lot
1.85 ac (80,574 SF)
Zoning code
LAR3
APN
2159-005-021
UPID
US09-6512646
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
-
Lindley Apartments Apartment Complex Apartment Building
-
Keenan air craft supply store Auto Repair Shop
-
Extra Care Custom Painting Inc. Painting Service General Contractor
-
Azar home Warehouse & Storage
-
Smith Group Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$22.72M
Owner & transaction history
Eqr-lindley LP · 15 yrs held
Eqr-lindley LP
since 2011
7 recorded transactions
Zoning & alternative use
LAR3 · Encino, 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 Encino submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Encino 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
APARTMENT HOUSE (5+ UNITS)
$35,000,000
Current use
Blend value · Realmo final
$22.72M
Range $20.44M – $24.99M · ±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
$155 / 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
$473,766
Tax year 2024
Assessed value
$38,116,111
Assessed 2024
Previous assessed
$38,116,111
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$12,560,570
Assessed improvement
$25,555,541
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2004
Construction
WOOD
Heating
NONE
Cooling
YES
Units
129
Bathrooms
99
Total area
146,790 SF
Lot
1.85 ac (80,574 SF)
Zoning code
LAR3
APN
2159-005-021
UPID
US09-6512646
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAR3 · Encino, CA
Zoning LAR3 · permitted uses
LAR3 · Encino, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Encino. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$35.0M
APARTMENT HOUSE (5+ UNITS) Current
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
2004
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
129
Bathrooms
99
Lot
1.85 ac
Current owner
From public records · entity-resolved
Eqr-lindley LP
Entity
Mailing address
PO BOX 87407, CHICAGO, IL 60680-0407
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2020
—
Eqr Lindley Limited Partnership
—
Deed
related
$495,000,000 · Wells Fargo Bank NA
Jun 24, 2011
$8,749,000
Eqr-lindley LP
Wm Lindley Avenue LLC
Grant Deed
—
May 18, 2006
$10,000,000
Wm Lindley Avenue LLC
Villa Deste LLC
Grant Deed
—
Apr 1, 2004
—
Villa Deste LLC
—
Trustees Deed
related
$16,240,000 · Hawthorne Savings Bank Fsb
Sep 24, 2002
—
Villa Deste LLC
Nagler,richard B
Grant Deed
$4,300,000 · Washington Mutual Fsb
Nov 16, 2001
—
Richard B Nagler
Nagler,r B & J
Quit Claim Deed
related
—
—
—
Richard B Nagler
—
Deed Of Trust
related
$3,450,000 · California Federal Bank
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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