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Property profile & analytics
OFF-MARKET
Estimated value
$2,705,000
Apartment buildings
6800 Varna Ave Van Nuys, CA 91405-4362
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-6328609
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1963
Construction
WOOD
Total area
11,511 SF
Lot
0.39 ac (16,866 SF)
Zoning code
LAR3
APN
2328-015-025
UPID
US09-6328609
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
$2.85M
Comparable Approach
Comparable
$2.82M
Blend (final)
Blend
$2.71M
Owner & transaction history
Dan Weinstein
Dan Weinstein
since 2025
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
LAR3 · Van Nuys, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.2M
+68.6%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,085,000
6.5%
$2,850,000
7%
$2,645,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,490,000
Current use
OFFICE BUILDING
$4,200,000
Change: +69% · Conversion: Moderate
Blend value · Realmo final
$2.71M
Range $2.43M – $2.98M · ±10% · vs last sale $2.58M (Jul 20 2025)
Last sale anchor
$2.58M
Jul 20 2025
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
$235 / 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
$28,505
Tax year 2024
Assessed value
$2,190,543
Assessed 2024
Previous assessed
$2,190,543
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$1,205,804
Assessed improvement
$984,739
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
1963
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Units
16
Bathrooms
19
Total area
11,511 SF
Lot
0.39 ac (16,866 SF)
Zoning code
LAR3
APN
2328-015-025
UPID
US09-6328609
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAR3 · Van Nuys, CA
Zoning LAR3 · permitted uses
LAR3 · Van Nuys, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Van Nuys. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.5M
OFFICE BUILDING
Est. value
$4.2M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
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
1963
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
16
Bathrooms
19
Lot
0.39 ac
Current owner
From public records · entity-resolved
Dan Weinstein
Individual
Mailing address
20929 VENTURA BLVD STE #47, WOODLAND HILLS, CA 91364-2334
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2025
$2,575,000
Dan Weinstein
Newman Family Trust
Grant Deed
$1,300,000 · Jpmorgan Chase Bank NA
Oct 20, 2025
—
Dan Weinstein
Dalia Weinstein
Deed
related
—
Nov 19, 2024
—
Mary Elizabeth Newman
Mary Elizabeth Newman
Deed
related
$1,000,000 · Jpmorgan Chase Bank NA
Jan 29, 2016
—
Mary Elizabeth Newman
Mary Elizabeth Newman
Intrafamily Transfer
related
$1,000,000 · Jpmorgan Chase Bank NA
Nov 6, 2013
—
Newman Family Trust
Newman Family Trust
Quit Claim Deed
related
—
Oct 18, 2013
—
Newman Family Trust
Newman,reford L
Affidavit Of Death
related
—
Sep 16, 2005
$1,635,000
Newman Family Trust
Corn Susan J Trust
Grant Deed
$850,000 · Commercial Capital Bank Fsb
Apr 23, 2003
—
Corn,tr
Corn,susan J
Quit Claim Deed
related
—
Jan 25, 2002
—
Harriet Corn
Corn,h
Quit Claim Deed
related
—
May 17, 1971
$156,500
—
—
Grant Deed
related
—
—
—
Harriet Corn
—
Deed Of Trust
related
$465,700 · Us Small Business Admn
—
—
Newman Family Trust
—
Deed Of Trust
related
$871,000 · Commercial Capital Bank Fsb
—
—
Harriet Corn
—
Deed Of Trust
related
$91,800 · Us Small Business Admn
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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