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Property profile & analytics
OFF-MARKET
Estimated value
$2,040,000
Community centers
5955 Woodman Ave Van Nuys, CA 91401
Trust Owned
17-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-9510209
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2009
Construction
WOOD
Total area
5,558 SF
Lot
0.38 ac (16,679 SF)
Zoning code
LAC1.5
APN
2246-008-023
UPID
US09-9510209
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
by Request
CAP Approach
CAP
$2.03M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.04M
Owner & transaction history
Kassabian Family Trust · 17 yrs held
Kassabian Family Trust
since 2009
5 recorded transactions
Zoning & alternative use
LAC1.5 · 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%
$2,195,000
6.5%
$2,025,000
7%
$1,880,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,385,000
Current use
RESTAURANT
$3,110,000
Change: -8% · Conversion: Difficult
RETAIL STORES
$2,960,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$2.04M
Range $1.84M – $2.24M · ±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
$367 / 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
$27,792
Tax year 2024
Assessed value
$2,206,711
Assessed 2024
Previous assessed
$2,206,711
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$1,740,498
Assessed improvement
$466,213
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
2009
Construction
WOOD
Heating
NONE
Stories
1
Units
5
Total area
5,558 SF
Lot
0.38 ac (16,679 SF)
Zoning code
LAC1.5
APN
2246-008-023
UPID
US09-9510209
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC1.5 · Van Nuys, CAZoning LAC1.5 · permitted uses
LAC1.5 · Van Nuys, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$3.4M
RESTAURANT
Est. value
$3.1M
RETAIL STORES
Est. value
$3.0M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
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
2009
Construction
WOOD
Heating
NONE
Stories
1
Units
5
Lot
0.38 ac
Current owner
From public records · entity-resolved
Kassabian Family Trust
Trust
Free & Clear · 17 yrs held
Mailing address
17950 LK VIS DR, ENCINO, CA 91316-4412
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
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
Feb 13, 2009
$2,075,000
Kassabian Family Trust
Cal-asia Property Dev
Grant Deed
—
Feb 13, 2009
$1,450,000
Cal-asia Property Dev Co
Gast Family Trust
Grant Deed
—
Feb 6, 2009
—
Gast Thomas Tr
Klearman,erwin
Affidavit Of Death
—
Aug 9, 2006
—
Gast Family Trust
Klearman,david
Quit Claim Deed
related
—
Jan 1, 1971
—
Title Ins & Co|klearman Trust
—
Grant 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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