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Property profile & analytics
OFF-MARKET
Estimated value
$680,000
Office buildings
5741 Cahuenga Blvd North Hollywood, CA 91601-2107
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6403683
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1958
Construction
WOOD
Total area
1,716 SF
Lot
0.06 ac (2,620 SF)
Zoning code
LACR
APN
2415-024-022
UPID
US09-6403683
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
-
Unique Drapery & Custom Blinds (Bike/Boat/Book/etc) Store Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$680k
CAP Approach
CAP
$615k
Comparable Approach
Comparable
$926k
Blend (final)
Blend
$680k
Owner & transaction history
Ossanna M Aywazian · 2 yrs held
Ossanna M Aywazian
since 2024
Last sale
$680,000
7 recorded transactions
Zoning & alternative use
LACR · North Hollywood, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.0M
+36.7%
Commercial (general)
$805,000
+5.3%
Auto repair, garage
$785,000
+2.8%
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
$680,000
ML approach
$680,000
CAP Approach
CAP Return
Estimation
6%
$665,000
6.5%
$615,000
7%
$570,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$765,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,045,000
Change: +37% · Conversion: Difficult
COMMERCIAL (GENERAL)
$805,000
Change: +5% · Conversion: Easy
AUTO REPAIR, GARAGE
$785,000
Change: +3% · Conversion: Difficult
MEDICAL BUILDING
$780,000
Change: +2% · Conversion: Easy
RETAIL STORES
$740,000
Change: -3% · Conversion: Moderate
Blend value · Realmo final
$680k
Range $612k – $748k · ±10% · vs last sale $680k (Jun 28 2024)
Last sale anchor
$680k
Jun 28 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
$396 / 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
$8,915
Tax year 2024
Assessed value
$721,621
Assessed 2024
Previous assessed
$721,621
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$456,319
Assessed improvement
$265,302
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
Status
Off-Market
Year built
1958
Construction
WOOD
Heating
NONE
Stories
1
Total area
1,716 SF
Lot
0.06 ac (2,620 SF)
Zoning code
LACR
APN
2415-024-022
UPID
US09-6403683
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LACR · North Hollywood, CA
Zoning LACR · permitted uses
LACR · 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
$765,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$805,000
AUTO REPAIR, GARAGE
Est. value
$785,000
MEDICAL BUILDING
Est. value
$780,000
RETAIL STORES
Est. value
$740,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL 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
1958
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Ossanna M Aywazian
Individual
Mailing address
11699 PORTER VLY DR, PORTER RANCH, CA 91326-1413
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2024
—
Ossanna M Aywazian
Ossanna M Aywazian
Intrafamily Transfer
related
$238,000 · Commonwealth Business Bank
Dec 21, 2023
—
Ossanna M Aywazian
Alex P Aywazian
Intrafamily Transfer
related
—
Sep 22, 2020
$680,000
Alex P Aywazian
Jane P Grinney
Grant Deed
$530,000 · Commonwealth Business Bank
Jun 24, 2020
—
Jane P Grinney
Bolt Linda S Trust
Quit Claim Deed
—
Mar 18, 2020
—
Bolt,linda S Living Trust
Linda S Bolt
Affidavit Of Death
—
Dec 11, 2019
—
Bolt,linda S Trust
Linda S Bolt
Quit Claim Deed
related
—
Jun 3, 2003
$289,000
Linda S Bolt
Melton,steven B
Grant Deed
$202,300 · Us Bank NA
Jun 3, 2003
—
Linda S Bolt
Bolt,william C
Quit Claim Deed
related
—
Jul 2, 2001
$155,000
Steven B Melton
Sawyers Trust
Grant Deed
$139,500 · Us Bank NA
Dec 10, 1997
—
Sawyers,ellen A Trustee
Sawyers,e A
Quit Claim 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.
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