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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6262 Reseda Blvd Tarzana, CA 91335-6912

    • Apartment buildings
    • 84,864 SF
    • 2.39 lot acres
    OFF-MARKET
    Last Sale
    Oct 19, 2020
    $27,100,271
    Value Estimations
    $26,320,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6812576
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Casa Dorado / Apartment Building
    • General Pool & Spa Services / Pool Cleaning Service / Swimming Pool Repair Service
    • Elijah Fowler / Pharmacy

    Property Details for 6262 Reseda Blvd

    Year built
    1969
    Construction
    WOOD
    Lot size
    2.39 lot acres
    Property size
    84,864 SF
    Zone code
    LAR3
    Property type
    Apartment buildings
    APN
    2124-003-037
    APU
    2124003037

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $27,500,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $23,572,000
      Market price range: $15.6M - $23.6M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $18,975,000
      Current use
      OFFICE BUILDING
      $42,590,000
      Change: +124% Conversion: Moderate
      MEDICAL BUILDING
      $38,660,000
      Change: +104% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $35,940,000
      Change: +89% Conversion: Difficult
      RETAIL STORES
      $27,585,000
      Change: +45% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $25,420,000
      Change: +34% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tarzana
    County
    Los Angeles
    State
    California
    Longitude
    -118.536
    Latitude
    34.1849
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $358,813
    $9,550,872
    $19,205,430
    $28,756,302
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $570,000
      14,272 SF

      7251 Amigo Ave

      APARTMENT HOUSE (5+ UNITS) • 14,272 SF
      7251 Amigo Ave, Reseda, CA 91335-3059
      View Details
    • Value Estimation
      $775,000
      32,280 SF

      7805 Reseda Blvd

      APARTMENT HOUSE (5+ UNITS) • 32,280 SF
      7805 Reseda Blvd, Reseda, CA 91335-1919
      View Details
    • Value Estimation
      $1,145,000
      67,704 SF

      17808 Sherman Way

      APARTMENT HOUSE (5+ UNITS) • 67,704 SF
      17808 Sherman Way, Reseda, CA 91335-3383
      View Details
    • Value Estimation
      $1,145,000
      78,566 SF

      7240 Corbin Ave

      APARTMENT HOUSE (5+ UNITS) • 78,566 SF
      7240 Corbin Ave, Reseda, CA 91335-3485
      View Details
    • Value Estimation
      $565,000
      26,698 SF

      6727 Darby Ave

      APARTMENT HOUSE (5+ UNITS) • 26,698 SF
      6727 Darby Ave, Reseda, CA 91335-5417
      View Details
    • Value Estimation
      $655,000
      23,207 SF

      6615 Darby Ave

      APARTMENT HOUSE (5+ UNITS) • 23,207 SF
      6615 Darby Ave, Reseda, CA 91335-5467
      View Details

    Similar Nearby for Sale

    • $1,950,000

      Multifamily Property with New ADUs

      Income property featuring new ADUs and rebuilt main house.
      6219 Sylvia Ave, Tarzana, CA 91335
      View Details
    • $1,795,000
      6,784 SF

      Reseda Multifamily Investment Opportunity

      Nine-unit multifamily property in Reseda, offering a diverse unit mix.
      7454 Canby Ave, Reseda, CA 91335
      View Details
    • $3,495,000
      42,011 SF

      RTI Affordable Housing Development Opportunity

      Ready-to-Issue 91-unit affordable housing development in Reseda, CA.
      6834 Baird Ave, Reseda, CA 91335
      View Details
    • $3,640,000
      16,282 SF

      Reseda Garden-Style Apartment Building

      18-unit apartment building in Reseda neighborhood of San Fernando Valley.
      6640 Darby Ave, Reseda, CA 91335
      View Details
    • $4,985,000
      18,089 SF

      Reseda Multifamily Investment Opportunity

      23-unit apartment building in Reseda, CA, built in 1962.
      6652 Darby Ave, Reseda, CA 91335
      View Details
    • $950,000
      2,264 SF

      Reseda Triplex: Income Opportunity

      Well-maintained Reseda triplex with strong rental income and long-term stability.
      7262 Amigo Ave, Reseda, CA 91335
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      22,400 SF

      Reseda Retail Building - High Traffic Area

      Prime Reseda location, 22,400 sq ft retail space.
      18247 Sherman Way, Los Angeles, CA 91335
      View Details
    • $45 SF/Yr
      7,500 SF

      Reseda Blvd Retail Space

      Prime Reseda location, 2,400 SF available.
      6740 Reseda Blvd, Los Angeles, CA 91335
      View Details
    • $25 SF/Yr
      2,700 SF

      Sherman Way Retail Space Available

      High-visibility Reseda retail/office space.
      18516 Sherman Way, Los Angeles, CA 91335
      View Details
    • $23 SF/Yr
      7,000 SF

      Sherman Way Retail Space Available

      Prime Los Angeles retail space, 3,000-4,000 sq ft.
      18567-18573 Sherman Way, Los Angeles, CA 91335
      View Details
    • $30 SF/Yr
      1,305 SF

      Victory Blvd Retail Space For Lease

      Prime San Fernando Valley Retail Space - 1305 SF
      18517 Victory Blvd, Los Angeles, CA 91335
      View Details
    • $2 SF/Yr
      2,100 SF

      Industrial Building with Pole Signage

      Small industrial building near commercial services with visible signage.
      21314-21316 Sherman Way, Canoga Park, CA 91335
      View Details
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    Tarzana, CA 91335-6912
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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