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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Apartment buildings
6840 Vesper Ave Van Nuys, CA 91405-3949
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US09-7742851
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1958
Construction
WOOD
Total area
3,005 SF
Lot
0.17 ac (7,430 SF)
Zoning code
LAR3
APN
2219-026-058
UPID
US09-7742851
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
$745k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$535k
Owner & transaction history
Beta LP · 13 yrs held
Beta LP
since 2012
7 recorded transactions
Zoning & alternative use
LAR3 · Van Nuys, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$885,000
+35.8%
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%
$805,000
6.5%
$745,000
7%
$690,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$650,000
Current use
WAREHOUSE, STORAGE
$885,000
Change: +36% · Conversion: Difficult
Blend value · Realmo final
$535k
Range $482k – $589k · ±10%
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
$178 / 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
$10,329
Tax year 2024
Assessed value
$788,097
Assessed 2024
Previous assessed
$788,097
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$591,076
Assessed improvement
$197,021
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
1958
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
2
Units
5
Bathrooms
5
Total area
3,005 SF
Lot
0.17 ac (7,430 SF)
Zoning code
LAR3
APN
2219-026-058
UPID
US09-7742851
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
$650,000
WAREHOUSE, STORAGE
Est. value
$885,000
APARTMENT HOUSE (5+ UNITS) Current
WAREHOUSE, STORAGE
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
1958
Construction
WOOD
Heating
NONE
Cooling
Yes
Buildings
2
Units
5
Bathrooms
5
Lot
0.17 ac
Current owner
From public records · entity-resolved
Beta LP
Entity
Mailing address
PO BOX 280188, NORTHRIDGE, CA 91328-0188
Ownership since
2012
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
May 4, 2022
—
Beta LP
—
Deed
related
$2,250,000 · Jpmorgan Chase Bank NA
Feb 22, 2019
—
Beta L P
—
Deed
related
$2,075,000 · Jpmorgan Chase Bank NA
Aug 31, 2016
—
Beta LP
—
Deed
related
$1,925,000 · Jpmorgan Chase Bank NA
Aug 1, 2012
—
Beta LP
Beta LP
Quit Claim Deed
related
$1,395,000 · Opus Bank
Oct 22, 2007
—
Beta
Radmanesh,matthew
Grant Deed
—
Oct 18, 2007
—
Matthew Radmanesh
Radmanesh,matthew
Quit Claim Deed
related
—
May 9, 2007
—
Matthew Radmanesh
Schulte,jane
Quit Claim Deed
related
—
May 9, 2007
$1,700,000
Matthew Radmanesh
Hartland Of Vesper LLC
Grant Deed
$1,275,000 · Indymac Com'l Lending Corp
Mar 31, 2004
—
Hartland/versper LLC
City Properties
Grant Deed
related
—
Jul 22, 1999
$525,000
Wallman,stan
Read,robert E
Trustees Deed
$393,750 · Affinity Bank
—
—
City Properties
—
Deed Of Trust
related
$72,000 · Weinstock Trust
—
—
City Properties
—
Deed Of Trust
related
$950,000 · Commercial Capital Bank Fsb
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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