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Property profile & analytics
OFF-MARKET
Estimated value
$1,715,000
Apartment buildings
7001 Hazeltine Ave Van Nuys, CA 91405-3237
Trust Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-7873126
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1953
Construction
WOOD
Total area
8,150 SF
Lot
0.41 ac (17,667 SF)
Zoning code
LARD1.5
APN
2217-015-019
UPID
US09-7873126
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
$2.02M
Comparable Approach
Comparable
$1.25M
Blend (final)
Blend
$1.72M
Owner & transaction history
Gabrielian Revocable Family Trust
Gabrielian Revocable Family Trust
since 2025
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
LARD1.5 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,185,000
6.5%
$2,020,000
7%
$1,875,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,765,000
Current use
Blend value · Realmo final
$1.72M
Range $1.54M – $1.89M · ±10% · vs last sale $1.80M (May 28 2025)
Last sale anchor
$1.80M
May 28 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
$210 / 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
$7,947
Tax year 2024
Assessed value
$528,057
Assessed 2024
Previous assessed
$528,057
+0.0% YoY
Effective rate
1.50%
On assessed value
Assessed land
$307,387
Assessed improvement
$220,670
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
1953
Construction
WOOD
Heating
NONE
Cooling
YES
Units
10
Bathrooms
10
Total area
8,150 SF
Lot
0.41 ac (17,667 SF)
Zoning code
LARD1.5
APN
2217-015-019
UPID
US09-7873126
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS) Current
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
1953
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
10
Bathrooms
10
Lot
0.41 ac
Current owner
From public records · entity-resolved
Gabrielian Revocable Family Trust
Trust
Mailing address
4616 BREWSTER DR, TARZANA, CA 91356-4802
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2025
$1,800,000
Gabrielian Revocable Family Trust
Dj Apartments LLC
Grant Deed
$1,065,000 · East West Bank
Dec 9, 2003
—
Dj Apartments LLC
Yaghoubian,karen A
Quit Claim Deed
related
$530,000 · Washington Mutual Fsb
May 18, 1999
—
Karen A Yaghoubian
Dj Apts,
Quit Claim Deed
related
—
Nov 28, 1995
—
Dj Apts
Yaghoubian,k A
Quit Claim Deed
related
—
Jun 28, 1994
$315,000
Yaghoubian,karen A
Banken Trust
Trustees Deed
$236,250 · Home Savings Of America
Jun 28, 1994
—
Yaghoubian Karen A Humberto
Yaghoubian,j
Quit Claim Deed
related
—
Feb 9, 1993
—
Banken James F
—
Deed Of Trust
related
—
Jan 29, 1993
—
Banken,pamela Tr
—
Deed Of Trust
related
—
—
—
Dj Apartments LLC
—
Deed Of Trust
related
$780,500 · Valley Riviera INC
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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