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Property profile & analytics
OFF-MARKET
Estimated value
$5,630,000
Grocery and convenience stores
7224 Mason Ave Winnetka, CA 91306-2820
Individually Owned
16-yr Hold
~
Est. High Equity
Property ID
US09-8666848
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1970
Construction
TILT-UP CONCRETE
Total area
30,767 SF
Lot
1.6 ac (69,723 SF)
Zoning code
LAP
APN
2114-017-018
UPID
US09-8666848
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
Current use
Occupant on record · Public records
-
Smart & Final Extra! Big Box & Wholesale Store
-
Coinstar Kiosk | Bitcoin ATM Atm Currency Exchange Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.63M
Owner & transaction history
Jerick Hacobian · 16 yrs held
Jerick Hacobian
since 2009
7 recorded transactions
Zoning & alternative use
LAP · Winnetka, 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 Winnetka submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Winnetka 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$183 / 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
$68,853
Tax year 2024
Assessed value
$5,284,779
Assessed 2024
Previous assessed
$5,284,779
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$3,699,348
Assessed improvement
$1,585,431
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1970
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
OTHER
Stories
1
Total area
30,767 SF
Lot
1.6 ac (69,723 SF)
Zoning code
LAP
APN
2114-017-018
UPID
US09-8666848
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAP · Winnetka, CA
Zoning LAP · permitted uses
LAP · Winnetka, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Winnetka. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1970
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.6 ac
Current owner
From public records · entity-resolved
Jerick Hacobian
Individual
Mailing address
PO BOX 512377, LOS ANGELES, CA 90051-0377
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2021
—
Jerick Hacobian
—
Deed
related
$6,000,000 · City National Bank
Nov 10, 2016
—
Jerick Hacobian
—
Deed
related
$900,000 · Paul & Helen Kenagy Family LP
Mar 2, 2011
—
Jerick Hacobian
—
Deed Of Trust
related
$4,654,000 · East West Bank
Nov 30, 2009
—
Jerick Hacobian
Hacobian,hilda
Quit Claim Deed
related
$4,000,000 · East West Bank
Jun 20, 2007
—
Jerick Hacobian
—
Deed Of Trust
related
$1,200,000 · East West Bank
Apr 23, 2004
$3,050,000
Jerick Hacobian
Mandel,tr
Grant Deed
$1,677,500 · East West Bank
—
—
Jerick Hacobian
—
Deed Of Trust
related
$900,000 · Paul & Helen Kenagy Family LP
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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