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

    6604 Vesper Ave Van Nuys, CA 91405-4621

    • Office buildings
    • 1,695 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimations
    $580,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7896328
    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

    • Nehorayan Marc L MD / Physician
    • Lustig Noel MD / Physician

    Property Details for 6604 Vesper Ave

    Year built
    1928
    Construction
    WOOD
    Lot size
    0.23 lot acres
    Property size
    1,695 SF
    Zone code
    LACR
    Property type
    Office buildings
    APN
    2236-010-009
    APU
    2236010009

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $660,000
      6.5%
      $610,000
      7%
      $565,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $620,000
      Current use
      RETAIL STORES
      $900,000
      Change: +46% Conversion: Moderate
      MEDICAL BUILDING
      $770,000
      Change: +25% Conversion: Easy
      COMMERCIAL (GENERAL)
      $730,000
      Change: +18% Conversion: Easy
      WAREHOUSE, STORAGE
      $500,000
      Change: -19% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Van Nuys
    County
    Los Angeles
    State
    California
    Longitude
    -118.451
    Latitude
    34.1909
    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
    $12,165
    $782,752
    $195,680
    $978,432
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,590,000
      9,360 SF

      15216 Vanowen St

      PROFESSIONAL BUILDING (MULTI-STORY) • 9,360 SF
      15216 Vanowen St, Van Nuys, CA 91405-3601
      View Details
    • Value Estimation
      $12,370,000
      57,510 SF

      14624 Sherman Way

      PROFESSIONAL BUILDING • 57,510 SF
      14624 Sherman Way, Van Nuys, CA 91405-2241
      View Details
    • Value Estimation
      $4,410,000
      25,704 SF

      6851 Lennox Ave

      OFFICE BUILDING • 25,704 SF
      6851 Lennox Ave, Van Nuys, CA 91405-4073
      View Details
    • Value Estimation
      $1,260,000
      7,648 SF

      13624 Sherman Way

      PROFESSIONAL BUILDING • 7,648 SF
      13624 Sherman Way, Van Nuys, CA 91405-2844
      View Details
    • Value Estimation
      $970,000
      3,432 SF

      7349 Van Nuys Blvd

      OFFICE BUILDING • 3,432 SF
      7349 Van Nuys Blvd, Van Nuys, CA 91405
      View Details
    • Value Estimation
      $610,000
      2,031 SF

      14656 Keswick St

      OFFICE BUILDING • 2,031 SF
      14656 Keswick St, Van Nuys, CA 91405-1236
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,560 SF

      Free Standing Commercial Building

      Corner lot with gated parking, suitable for SBA financing.
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      12,000 SF

      Versatile Van Nuys Commercial Building

      Adaptable building suitable for office, medical, or retail use.
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    • $4,600,000
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      Van Nuys 20-Unit Apartment Building

      Prime Van Nuys location, 20 units, strong NOI.
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    • $2,700,000
      4,080 SF

      Renovated Triplex in Van Nuys

      Modern, renovated triplex featuring spacious units and contemporary finishes.
      7010 Lennox Ave, Van Nuys, CA 91405
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    • $6,990,000
      13,755 SF

      Van Nuys Blvd Retail Center

      High-traffic, redevelopment opportunity.
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      Commercial land available on Sepulveda Blvd in Los Angeles.
      7214 Sepulveda Blvd, Los Angeles, CA 91405
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    Similar Nearby for Lease

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      167,393 SF

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    • Contact for pricing
      3,256 SF

      Van Nuys Office Space Available

      Medical or general office space for lease in Van Nuys.
      15243 Vanowen St, Van Nuys, CA 91405
      View Details
    • Contact for pricing
      29,845 SF

      Prime Van Nuys Executive Office Space

      Prestigious Los Angeles office building, suites available.
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    • $23 SF/Yr
      12,516 SF

      Prime Van Nuys Office Space

      12,516 SF Office Building, 6,415 SF Available
      6851 Lennox Ave, Los Angeles, CA 91405
      View Details
    • $3,475 /Mo
      1,400 SF

      Van Nuys Commercial Space Available

      Recently updated commercial space with parking in Van Nuys, CA.
      6700 Van Nuys Blvd, Van Nuys, CA 91405
      View Details
    • $24 SF/Yr
      9,000 SF

      Van Nuys Blvd Office Space

      Prime Los Angeles Office, Medical Space Available
      6742 Van Nuys Blvd, Los Angeles, CA 91405
      View Details
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    Van Nuys, CA 91405-4621
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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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