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    7118 Reseda Blvd Reseda, CA 91335-4210
    Property profile & analytics

    7118 Reseda Blvd Reseda, CA 91335-4210

    View on Map
    • Investment properties
    • 6,685 SF
    • 0.16 lot acres
    Off-Market
    Property ID
    US09-6457398
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $900,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Adult Warehouse Outlet Reseda / (Bike/Boat/Book/etc) Store
    • Wherehouse Tile Marble / General Contractor / Renovation Specialist

    Property Details for 7118 Reseda Blvd

    Year built
    1931
    Construction
    TILT-UP CONCRETE
    Lot size
    0.16 lot acres
    Property size
    6,685 SF
    Zone code
    LAC2
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    2125-001-018
    APU
    2125001018

    Description

    This exceptional 7,120 square foot office building presents a compelling investment opportunity in the thriving city of Reseda, California. Situated on a 0.16-acre lot at 7118 Reseda Boulevard, this property enjoys a prime location with high visibility and significant traffic flow, ensuring maximum exposure. The building's current configuration offers substantial potential for redevelopment, particularly as an all-affordable housing project. This presents a unique chance for developers to capitalize on the growing demand for affordable housing in this rapidly expanding area. Furthermore, the existing month-to-month rental agreements on all units provide an immediate income stream and a flexible transition for owner-users seeking to expand their business operations. The strategic location on Reseda Boulevard, in the heart of Reseda, guarantees excellent accessibility and visibility, making it an ideal location for a variety of commercial ventures. This property is priced at $2,995,000 and offers a rare combination of immediate income potential and significant long-term development prospects. Don't miss this chance to acquire a high-value asset in a dynamic and rapidly growing market. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $987,000
      Market price range: $855k - $3.36M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Reseda
    County
    Los Angeles
    State
    California
    Longitude
    -118.536
    Latitude
    34.2
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $9,785
    $425,971
    $312,377
    $738,348
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,845,000
      2,960 SF

      6616 Reseda Blvd

      STORE/OFFICE (MIXED USE) • 2,960 SF
      6616 Reseda Blvd, Reseda, CA 91335-5313
      View Details
    • Value Estimation
      $2,285,000
      13,725 SF

      6945 Reseda Blvd

      STORE/OFFICE (MIXED USE) • 13,725 SF
      6945 Reseda Blvd, Reseda, CA 91335-4207
      View Details
    • Value Estimation
      $780,000
      5,892 SF

      18500 Sherman Way

      STORE/OFFICE (MIXED USE) • 5,892 SF
      18500 Sherman Way, Reseda, CA 91335-4212
      View Details
    • Value Estimation
      $4,885,000
      40,200 SF

      18341 Sherman Way

      STORE/OFFICE (MIXED USE) • 40,200 SF
      18341 Sherman Way, Reseda, CA 91335-4472
      View Details
    • Value Estimation
      $865,000
      4,224 SF

      7141 Baird Ave

      STORE/OFFICE (MIXED USE) • 4,224 SF
      7141 Baird Ave, Reseda, CA 91335
      View Details
    • Value Estimation
      $660,000
      5,000 SF

      18511 Sherman Way

      STORE/OFFICE (MIXED USE) • 5,000 SF
      18511 Sherman Way, Reseda, CA 91335-4213
      View Details

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      Reseda Commercial/Office Space Available

      Commercial/Office space for rent in Reseda, Los Angeles.
      18341 Sherman Way, Los Angeles, CA 91335
      View Details
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    Reseda, CA 91335-4210
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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