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Property profile & analytics
OFF-MARKET
Estimated value
$10,150,000
Retail properties & Spaces
6609 Van Nuys Blvd Van Nuys, CA 91405-4618
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7901599
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1951
Construction
TILT-UP CONCRETE
Total area
60,000 SF
Lot
2.09 ac (91,176 SF)
Zoning code
LAP
APN
2236-010-007
UPID
US09-7901599
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
Current use
Occupant on record · Public records
-
Plants Delivery Van Nuys Garden Center Landscaping
-
Spex Appeal Optica Ophthalmologist (Bike/Boat/Book/etc) Store
-
Orange Octopus Store Department Store
-
Sam General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.72M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.15M
Owner & transaction history
6609 Van Nuys Holding LLC · 5 yrs held
6609 Van Nuys Holding LLC
since 2021
Last sale
$11.3M
7 recorded transactions
Zoning & alternative use
LAP · 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
$10,380,000
ML approach
$7,715,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$10.15M
Range $9.14M – $11.17M · ±10% · vs last sale $11.25M (Apr 13 2021)
Last sale anchor
$11.25M
Apr 13 2021
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
$169 / 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
$152,522
Tax year 2024
Assessed value
$11,938,590
Assessed 2024
Previous assessed
$11,938,590
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$6,367,248
Assessed improvement
$5,571,342
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1951
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
60,000 SF
Lot
2.09 ac (91,176 SF)
Zoning code
LAP
APN
2236-010-007
UPID
US09-7901599
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAP · Van Nuys, CAZoning LAP · permitted uses
LAP · Van Nuys, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1951
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
2.09 ac
Current owner
From public records · entity-resolved
6609 Van Nuys Holding LLC
Entity
Mailing address
8727 VAN NUYS BLVD #289, PANORAMA CITY, CA 91402-2451
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 13, 2021
$11,250,000
6609 Van Nuys Holding LLC
6609 Van Nuys LLC
Grant Deed
$7,500,000 · 6609 Van Nuys LLC
Oct 28, 2020
—
6609 Van Nuys LLC
Sumekh Behrooz Trust
Quit Claim Deed
related
—
Aug 5, 2020
$10,000
Sumekh,behrooz Trust
Mcguan Construction INC
Grant Deed
—
Dec 18, 2017
$10,500,000
Sumekh,behrooz Trust
Deardens
Grant Deed
—
Apr 13, 2012
—
Deardens
—
Deed Of Trust
related
$21,500,000 · Wells Fargo Bank
Aug 31, 2011
—
Deardens
—
Deed Of Trust
related
$22,500,000 · Wells Fargo Bank
Feb 29, 1996
$39,000
Dearden's
Namaha Investment Co
Grant Deed
$3,400,000 · Bank Of America
—
—
Namaha Investmen
—
Deed Of Trust
related
$3,750,000 · Wells Fargo Bank
—
—
Deardens
—
Deed Of Trust
related
$22,500,000 · Wells Fargo Bank
—
—
Deardens
—
Deed Of Trust
related
$20,000,000 · Wells Fargo 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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