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Property profile & analytics
OFF-MARKET
Estimated value
$1,415,000
Apartment buildings
7017 Hazeltine Ave Van Nuys, CA 91405-3267
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6516261
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1949
Construction
WOOD
Total area
10,132 SF
Lot
0.33 ac (14,283 SF)
Zoning code
LARD1.5
APN
2217-015-025
UPID
US09-6516261
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.42M
Owner & transaction history
Weiss Investment Properties LP · 9 yrs held
Weiss Investment Properties LP
since 2016
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,195,000
Current use
Blend value · Realmo final
$1.42M
Range $1.27M – $1.56M · ±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
$140 / 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
$23,208
Tax year 2024
Assessed value
$1,790,985
Assessed 2024
Previous assessed
$1,790,985
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$1,178,281
Assessed improvement
$612,704
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
1949
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Units
14
Bathrooms
16
Total area
10,132 SF
Lot
0.33 ac (14,283 SF)
Zoning code
LARD1.5
APN
2217-015-025
UPID
US09-6516261
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
$2.2M
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
1949
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
14
Bathrooms
16
Lot
0.33 ac
Current owner
From public records · entity-resolved
Weiss Investment Properties LP
Entity
Free & Clear · 9 yrs held
Mailing address
15551 CABRITO RD, VAN NUYS, CA 91406-1410
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
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
Sep 1, 2016
—
Weiss Investment Properties LP
Weiss Family Trust
Quit Claim Deed
related
—
Dec 2, 2009
—
Weiss Family Properties LLC
Weiss Family Properties LLC
Quit Claim Deed
related
—
May 27, 2009
$625,500
Donna F Lam
Weiss Family Trust
Grant Deed
—
May 27, 2009
—
Weiss Properties LLC
Lam,donna F
Quit Claim Deed
related
—
Nov 21, 2003
$950,000
Weiss,tr
Neighborhood Economic & Educat
Grant Deed
—
Nov 12, 1997
$218,000
Economic Neighborhood
Federal Depository Ins Corp
Grant Deed
$201,000 · Pacific Western National Bank
Mar 24, 1993
$549,000
Columbia Savings
Williams,james O
Trustees Deed
related
—
Dec 21, 1989
—
Alan C Fox
Mokot
Grant Deed
related
—
Sep 29, 1989
—
James O Williams
Willi
Quit Claim Deed
related
—
Sep 29, 1989
$760,000
Williams James O
Fox
Trustees Deed
$573,000 · Columbia Savings & Loan
—
—
James O Williams
—
Deed Of Trust
related
—
—
—
James O Williams
—
Deed Of Trust
related
$50,000 · Schimmel Jay
—
—
Economic Neighborhood
—
Deed Of Trust
related
$337,500 · Washington Mutual 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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