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Property profile & analytics
OFF-MARKET
Estimated value
$4,600,000
Warehouses
68 Santa Anita Ave Burbank, CA 91502
Trust Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8426163
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2002
Construction
TILT-UP CONCRETE
Total area
9,251 SF
Lot
0.3 ac (12,947 SF)
Zoning code
BUM2*
APN
2453-026-029
UPID
US09-8426163
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
$4.60M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.69M
Blend (final)
Blend
$4.60M
Owner & transaction history
Gevorkian Family Revocable Trust · 1 yrs held
Gevorkian Family Revocable Trust
since 2025
Last sale
$4.6M
7 recorded transactions
Zoning & alternative use
BUM2* · Burbank, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$7.3M
+58.8%
Restaurant
$6.0M
+31.3%
Neighborhood: shopping center
$5.6M
+22.7%
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
$4,600,000
ML approach
$4,600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,590,000
Current use
AUTO REPAIR, GARAGE
$7,285,000
Change: +59% · Conversion: Easy
RESTAURANT
$6,025,000
Change: +31% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,630,000
Change: +23% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,440,000
Change: -3% · Conversion: Difficult
MEDICAL BUILDING
$4,205,000
Change: -8% · Conversion: Difficult
RETAIL STORES
$4,035,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$4.60M
Range $4.14M – $5.06M · ±10% · vs last sale $4.60M (Oct 22 2024)
Last sale anchor
$4.60M
Oct 22 2024
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
$497 / 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
$27,347
Tax year 2024
Assessed value
$2,298,576
Assessed 2024
Previous assessed
$2,298,576
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$1,381,658
Assessed improvement
$916,918
Applied tax rate
9.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2002
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Bathrooms
2
Total area
9,251 SF
Lot
0.3 ac (12,947 SF)
Zoning code
BUM2*
APN
2453-026-029
UPID
US09-8426163
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
BUM2* · Burbank, CA
Zoning BUM2* · permitted uses
BUM2* · Burbank, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Burbank. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.6M
AUTO REPAIR, GARAGE
Est. value
$7.3M
RESTAURANT
Est. value
$6.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.6M
COMMERCIAL (GENERAL)
Est. value
$4.4M
MEDICAL BUILDING
Est. value
$4.2M
RETAIL STORES
Est. value
$4.0M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
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
2002
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Bathrooms
2
Lot
0.3 ac
Current owner
From public records · entity-resolved
Gevorkian Family Revocable Trust
Trust
Mailing address
1222 WESTERN AVE, GLENDALE, CA 91201-1427
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Jul 14, 2025
—
Gevorkian Family Revocable Trust
Vartan Gevorkian
Deed
related
$198,000 · California Statewide Certified Deve
Oct 22, 2024
—
Vartan Gevorkian
Vartan Gevorkian
Intrafamily Transfer
related
—
Oct 9, 2024
—
Vartan Gevorkian
Vartan Gevorkian
Intrafamily Transfer
related
$2,340,000 · First Citizens Bank & Trust Co
Mar 26, 2024
$4,600,000
Vartan Gevorkian
58 E Santa Anita LLC
Grant Deed
$4,000,000 · Siamak Arghavanifard Living Trust
Apr 16, 2020
—
58 E Santa Anita LLC
—
Deed
related
$720,000 · Citizens Business Bank
Nov 18, 2010
$1,234,553
Triunfo One Acquisition II LLC
Assured Lender Svcs INC
Trustees Deed
related
—
Aug 5, 2005
$2,325,000
Big Vision Studios LLC
Rice L P
Grant Deed
$1,162,500 · California Bk&tr
Jul 27, 2001
$275,000
Rice LP
Olivas Trust
Grant Deed
—
Mar 5, 2001
—
Olivas,adeline Trustee
Olivas,a
Quit Claim Deed
related
—
Jul 18, 2000
—
Adeline Olivas
Olivas A Trustee,
Quit Claim Deed
related
—
Aug 5, 1996
—
Olivas,adeline Trustee
Olivas,a F
Quit Claim Deed
related
—
—
—
Big Vision Studios LLC
—
Deed Of Trust
related
$165,000 · Thomas Mccracken
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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