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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Turn key restaurants
6540 Laurel Cyn Blvd North Hollywood, CA 91606-1521
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-9588818
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1970
Construction
TILT-UP CONCRETE
Total area
3,817 SF
Lot
0.31 ac (13,558 SF)
Zoning code
LAC2
APN
2322-008-070
UPID
US09-9588818
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$625k
Owner & transaction history
Laurel Venture LLC · 4 yrs held
Laurel Venture LLC
since 2022
7 recorded transactions
Zoning & alternative use
LAC2 · North Hollywood, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$164 / 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
$21,563
Tax year 2024
Assessed value
$1,742,669
Assessed 2024
Previous assessed
$1,742,669
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$888,501
Assessed improvement
$854,168
Applied tax rate
8.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1970
Construction
TILT-UP CONCRETE
Heating
NONE
Units
1
Total area
3,817 SF
Lot
0.31 ac (13,558 SF)
Zoning code
LAC2
APN
2322-008-070
UPID
US09-9588818
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.
Building & site characteristics
From public records
Year built
1970
Construction
TILT-UP CONCRETE
Heating
NONE
Units
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
Laurel Venture LLC
Entity
Free & Clear · 4 yrs held
Mailing address
12439 MAGNOLIA BLVDPMB185, VALLEY VILLAGE, CA 91607-2450
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2022
—
Laurel Venture LLC
Laurel Venture LLC
Intrafamily Transfer
related
—
Nov 3, 2021
$1,600,000
Laurel Ventures LLC
Richard L Weiss
Grant Deed
—
Aug 19, 2016
—
Kenneth D Mcwaid
Mcwaid Kenneth R Trust
Quit Claim Deed
—
Jul 21, 2016
—
Paul S Burnsweig
Brandman,nancy L
Quit Claim Deed
related
—
Feb 2, 2016
—
Paul S Burnsweig
Burnsweig C R Living Trust
Quit Claim Deed
related
—
Nov 26, 2013
—
Paul S Burnsweig
Burnsweig,celia R
Affidavit Of Death
related
—
Apr 8, 2013
—
June S Novacek
Novacek,albin J
Affidavit Of Death
related
—
Jan 12, 2012
—
Hollis,david H
Hollis Stephen G
Quit Claim Deed
related
—
Jun 4, 2009
—
Wagner Ralph Living Trust
Monroney,lura M
Quit Claim Deed
related
—
Jan 5, 2005
—
Kenneth D Mcwaid
Mcwaid Kenneth R Trust
Quit Claim Deed
related
—
May 29, 2003
—
Mcwaid,tr
Mcwaid,kenneth R
Quit Claim Deed
related
—
Jan 11, 1995
—
Novacek Albin J Co Tr Et Al
—
Deed Of Trust
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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