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Property profile & analytics
OFF-MARKET
Estimated value
$1,700,000
Manufacturing properties
5700 Cahuenga Blvd North Hollywood, CA 91601-2105
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6461265
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1961
Construction
TILT-UP CONCRETE
Total area
3,849 SF
Lot
0.12 ac (5,163 SF)
Zoning code
LAC2
APN
2415-025-013
UPID
US09-6461265
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.92M
Blend (final)
Blend
$1.70M
Owner & transaction history
Rarebit Properties LLC · 1 yrs held
Rarebit Properties LLC
since 2025
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
LAC2 · North Hollywood, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.3M
+43.1%
Commercial (general)
$1.8M
+10.3%
Auto repair, garage
$1.8M
+7.6%
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
$1,385,000
ML approach
$1,495,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,635,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,345,000
Change: +43% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,805,000
Change: +10% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,760,000
Change: +8% · Conversion: Easy
MEDICAL BUILDING
$1,750,000
Change: +7% · Conversion: Difficult
OFFICE BUILDING
$1,715,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$1,655,000
Change: +1% · Conversion: Moderate
Blend value · Realmo final
$1.70M
Range $1.53M – $1.87M · ±10% · vs last sale $1.85M (Oct 23 2024)
Last sale anchor
$1.85M
Oct 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
$442 / 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
$18,529
Tax year 2024
Assessed value
$1,501,609
Assessed 2024
Previous assessed
$1,501,609
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$955,087
Assessed improvement
$546,522
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1961
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
3,849 SF
Lot
0.12 ac (5,163 SF)
Zoning code
LAC2
APN
2415-025-013
UPID
US09-6461265
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC2 · North Hollywood, CA
Zoning LAC2 · permitted uses
LAC2 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.7M
RETAIL STORES
Est. value
$1.7M
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
1961
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Rarebit Properties LLC
Entity
Free & Clear · 1 yrs held
Mailing address
16916 TULSA ST, GRANADA HILLS, CA 91344-5040
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Jan 23, 2025
$1,850,000
Rarebit Properties LLC
Arsen Marcosian
Grant Deed
—
Sep 10, 2020
—
Arsen Marcosian
Guadalupe Marcosian
Quit Claim Deed
related
—
Sep 10, 2020
$1,415,000
Arsen Marcosian
Robert M Bushman
Grant Deed
$1,273,000 · Commonwealth Business Bank
Apr 14, 2017
—
Robert M Bushman
Bushman Family Trust
Quit Claim Deed
related
—
May 18, 2011
$500,000
Bushman Family Trust
My Printer In La LLC
Grant Deed
—
Nov 14, 2006
$1,100,000
My Printer In La LLC
Desantis Family Trust
Grant Deed
$550,000 · General Electric Capital Corp
—
—
Desantis Bob
—
Deed Of Trust
related
$235,000 · Wilshire Mtg Cor
—
—
My Printer In La LLC
—
Deed Of Trust
related
$453,000 · Cdc Small Business Finance Co
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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