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Property profile & analytics
OFF-MARKET
Estimated value
$7,005,000
Medical Office Space
5651 Sepulveda Blvd Van Nuys, CA 91411-2953
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US09-7904972
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2013
Construction
STEEL FRAME
Total area
29,368 SF
Lot
1.1 ac (47,870 SF)
Zoning code
LAC2
APN
2243-002-014
UPID
US09-7904972
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
-
Edwin Haronian, M.D. Medical Clinic
-
Orthopedic & Spine Consultants Physician
-
Nassos Orthopaedic Surgery and Sports Medicine Physician
-
Krikor B. Tatoyan, M.D., Medical Clinic Hospital
-
Jonathan F. Kohan, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.57M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.01M
Owner & transaction history
Osteon Ents LLC · 15 yrs held
Osteon Ents LLC
since 2011
5 recorded transactions
Zoning & alternative use
LAC2 · Van Nuys, 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 Van Nuys submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Van Nuys 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%
$9,280,000
6.5%
$8,570,000
7%
$7,955,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$10,715,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$7.01M
Range $6.30M – $7.71M · ±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
$239 / 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
$121,052
Tax year 2024
Assessed value
$9,698,583
Assessed 2024
Previous assessed
$9,698,583
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$3,890,004
Assessed improvement
$5,808,579
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2013
Construction
STEEL FRAME
Heating
NONE
Cooling
OTHER
Stories
3
Total area
29,368 SF
Lot
1.1 ac (47,870 SF)
Zoning code
LAC2
APN
2243-002-014
UPID
US09-7904972
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC2 · Van Nuys, CA
Zoning LAC2 · permitted uses
LAC2 · Van Nuys, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Van Nuys. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$10.7M
OFFICE BUILDING
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
2013
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
3
Lot
1.1 ac
Current owner
From public records · entity-resolved
Osteon Ents LLC
Entity
Mailing address
5651 SEPULVEDA BLVD STE #201, VAN NUYS, CA 91411-2954
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 25, 2012
—
Osteon Ents LLC
—
Trustees Deed
related
$6,035,000 · City National Bank
Mar 15, 2011
$3,097,000
Osteon Ents LLC
Spectrum Investment Corp
Grant Deed
—
—
—
Osteon Ents LLC
—
Deed Of Trust
related
$1,880,000 · Mortgage Cap Dev
—
—
Osteon Ents LLC
—
Deed Of Trust
related
$3,130,000 · City National Bank
—
—
Osteon Ents LLC
—
Deed Of Trust
related
$1,828,657 · City National 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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