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Property profile & analytics
OFF-MARKET
Estimated value
$4,395,000
Apartment buildings
632 Whitnall Hwy Burbank, CA 91505-2992
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-7834383
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1990
Construction
WOOD
Total area
8,572 SF
Lot
0.15 ac (6,523 SF)
Zoning code
BUR4*
APN
2480-018-024
UPID
US09-7834383
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
$4.06M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.06M
Blend (final)
Blend
$4.40M
Owner & transaction history
Ldar 632 Whitnall LLC · 4 yrs held
Ldar 632 Whitnall LLC
since 2022
Last sale
$4.9M
7 recorded transactions
Zoning & alternative use
BUR4* · Burbank, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.8M
+124.1%
Restaurant
$5.6M
+85.3%
Neighborhood: shopping center
$5.2M
+73.1%
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 Burbank submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burbank 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
$4,055,000
ML approach
$4,060,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,015,000
Current use
AUTO REPAIR, GARAGE
$6,755,000
Change: +124% · Conversion: Difficult
RESTAURANT
$5,580,000
Change: +85% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,215,000
Change: +73% · Conversion: Difficult
RETAIL STORES
$4,710,000
Change: +56% · Conversion: Difficult
OFFICE BUILDING
$4,575,000
Change: +52% · Conversion: Moderate
WAREHOUSE, STORAGE
$4,250,000
Change: +41% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,115,000
Change: +37% · Conversion: Moderate
Blend value · Realmo final
$4.40M
Range $3.96M – $4.83M · ±10% · vs last sale $4.90M (Jun 16 2022)
Last sale anchor
$4.90M
Jun 16 2022
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
$513 / 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
$57,120
Tax year 2024
Assessed value
$5,097,960
Assessed 2024
Previous assessed
$5,097,960
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$2,039,184
Assessed improvement
$3,058,776
Applied tax rate
2.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1990
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Units
9
Bathrooms
16
Total area
8,572 SF
Lot
0.15 ac (6,523 SF)
Zoning code
BUR4*
APN
2480-018-024
UPID
US09-7834383
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
BUR4* · Burbank, CAZoning BUR4* · permitted uses
BUR4* · Burbank, 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$6.8M
RESTAURANT
Est. value
$5.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.2M
RETAIL STORES
Est. value
$4.7M
OFFICE BUILDING
Est. value
$4.6M
WAREHOUSE, STORAGE
Est. value
$4.3M
COMMERCIAL (GENERAL)
Est. value
$4.1M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
OFFICE BUILDING
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
1990
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
9
Bathrooms
16
Lot
0.15 ac
Current owner
From public records · entity-resolved
Ldar 632 Whitnall LLC
Entity
Mailing address
624 N PO BOX 11471ST ST, BURBANK, CA 91510-1471
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2022
$4,900,000
Ldar 632 Whitnall LLC
Whitnall Park LLC
Grant Deed
$2,350,000 · Jpmorgan Chase Bank NA
Dec 31, 2019
—
Whitnall Park LLC
—
Trustees Deed
related
$2,450,000 · City Nat'l Bk
Oct 8, 2019
$3,500,000
Whitnall Park LLC
Harper 1999 Family Trust
Grant Deed
—
Dec 6, 2002
—
Harper,tr
Harper,homer F & Lina M
Quit Claim Deed
related
—
Jul 23, 1999
$970,000
Homer F Harper
Palmer Trust
Grant Deed
$637,500 · United Commercial Bank
Feb 10, 1995
$750,000
Charles A Palmer Trustee
Kunert,bob
Grant Deed
$360,000 · Home Savings Of America
Jul 3, 1990
—
Bob Kunert
—
Grant Deed
related
$565,000 · Western Bank
May 4, 1989
$100,000
Bob Kunert
Varon
Quit Claim Deed
related
—
Apr 1, 1988
$47,500
Kunert Bob
Mali
Grant Deed
related
$130,000 · Malinda Ray&
—
—
Harper Family 1999 Trust
—
Deed Of Trust
related
$750,000 · Jp Morgan Chase Bank NA
—
—
Bob Kunert
—
Deed Of Trust
related
$625,000 · Hancock Savings 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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