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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Investment properties
6818 Hazeltine Ave Van Nuys, CA 91405-3217
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6388631
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1954
Total area
1,500 SF
Lot
0.2 ac (8,768 SF)
Zoning code
LARD1.5
APN
2216-014-002
UPID
US09-6388631
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
$530k
CAP Approach
CAP
$465k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$530k
Owner & transaction history
Hazeltine Place LLC · 2 yrs held
Hazeltine Place LLC
since 2024
Last sale
$530,000
7 recorded transactions
Zoning & alternative use
LARD1.5 · Van Nuys, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$800,000
+23.6%
Medical building
$680,000
+5.6%
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
$530,000
ML approach
$530,000
CAP Approach
CAP Return
Estimation
6%
$505,000
6.5%
$465,000
7%
$435,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$645,000
Current use
RETAIL STORES
$800,000
Change: +24% · Conversion: Easy
MEDICAL BUILDING
$680,000
Change: +6% · Conversion: Easy
OFFICE BUILDING
$545,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$530k
Range $477k – $583k · ±10% · vs last sale $530k (May 8 2024)
Last sale anchor
$530k
May 8 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
$353 / 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
$7,832
Tax year 2024
Assessed value
$610,462
Assessed 2024
Previous assessed
$610,462
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$464,232
Assessed improvement
$146,230
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1954
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Units
3
Bathrooms
2
Total area
1,500 SF
Lot
0.2 ac (8,768 SF)
Zoning code
LARD1.5
APN
2216-014-002
UPID
US09-6388631
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LARD1.5 · Van Nuys, CA
Zoning LARD1.5 · permitted uses
LARD1.5 · 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
COMMERCIAL (GENERAL) Current
Est. value
$645,000
RETAIL STORES
Est. value
$800,000
MEDICAL BUILDING
Est. value
$680,000
OFFICE BUILDING
Est. value
$545,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
MEDICAL BUILDING
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
1954
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
3
Bathrooms
2
Lot
0.2 ac
Current owner
From public records · entity-resolved
Hazeltine Place LLC
Entity
Mailing address
23838 PACIFIC COAST HWY, MALIBU, CA 90265-1513
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 8, 2024
—
Hazeltine Place LLC
Porat Holding Company LLC
Intrafamily Transfer
related
$901,000 · Harvest Small Business Finance LLC
Aug 20, 2015
$526,000
Porat Holding Co LLC
Porat I & F 2008 Trust
Grant Deed
$326,000 · Porat Flora 2008 Trust (rt)
Mar 25, 2008
—
Porat Iraj & Flora 2008 Trust
Porat,iraj & Flora
Quit Claim Deed
related
—
Apr 1, 2005
$530,000
Iraj Porat
Benitez,mario A
Grant Deed
—
Jan 10, 1990
$207,500
Mario A Benitez
Susman Fmly Tr
Grant Deed
$107,500 · Susman Fmly Tr
—
—
Mario A Benitez
—
Deed Of Trust
related
$20,000 · Individual
—
—
Mario A Benitez
—
Deed Of Trust
related
$40,000 · Individual
—
—
Mario A Benitez
—
Deed Of Trust
related
$100,000 · Southern Pacific Funding Corp
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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