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Property profile & analytics
OFF-MARKET
Estimated value
$2,330,000
Apartment buildings
7304 Kester Ave Van Nuys, CA 91405
Trust Owned
9-yr Hold
~
Est. High Equity
Property ID
US09-6329870
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1962
Construction
WOOD
Total area
14,579 SF
Lot
0.45 ac (19,745 SF)
Zoning code
LAR3
APN
2218-020-024
UPID
US09-6329870
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
$2.33M
Owner & transaction history
Olmos-reynoso,ludovico Trust · 9 yrs held
Olmos-reynoso,ludovico Trust
since 2017
7 recorded transactions
Zoning & alternative use
LAR3 · 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)
$3,155,000
Current use
Blend value · Realmo final
$2.33M
Range $2.10M – $2.56M · ±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
$160 / 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
$46,652
Tax year 2024
Assessed value
$3,673,746
Assessed 2024
Previous assessed
$3,673,746
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$1,467,798
Assessed improvement
$2,205,948
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
1962
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Units
17
Bathrooms
26
Total area
14,579 SF
Lot
0.45 ac (19,745 SF)
Zoning code
LAR3
APN
2218-020-024
UPID
US09-6329870
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
$3.2M
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
1962
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
17
Bathrooms
26
Lot
0.45 ac
Current owner
From public records · entity-resolved
Olmos-reynoso,ludovico Trust
Trust
Mailing address
PO BOX 7775, VAN NUYS, CA 91409-7775
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 27, 2022
—
Olmos Reynoso Ludovico
—
Deed
related
$1,675,000 · Jpmorgan Chase Bank NA
May 4, 2017
—
Olmos-reynoso,ludovico Trust
Olmos-reynoso,ludovico
Quit Claim Deed
related
—
Aug 17, 2016
—
Ludovico Olmos-reynoso
Olmos,deisy
Quit Claim Deed
related
—
Aug 17, 2016
$1,370,000
Olmos Reynoso Ludovico
Mayan Properties LLC
Grant Deed
—
Jul 16, 2008
$1,920,000
Mayan Properties LLC
Kambiz Eghbali
Grant Deed
$1,382,400 · Washington Mutual Bank
May 19, 2005
—
Eghbali Kambiz 2005 Trust
Eghbaci,kambiz
Quit Claim Deed
related
—
Mar 20, 2002
$1,155,000
Kambiz Eghbaci
Cloister LP
Grant Deed
—
Mar 20, 2002
—
Kambiz Eghbaci
Javaherian,a
Quit Claim Deed
related
—
May 25, 2000
$186,000
Cloister LP
Shirinian,hampartzoum & Arletta
Grant Deed
—
Nov 2, 1988
$77,000
Shirinian H H
Chas
Trustees Deed
—
Nov 2, 1988
$143,000
Rikal Ents
Caldw
Grant Deed
—
Nov 2, 1988
$285,500
Rikal Ents
Montg
Grant Deed
—
Nov 2, 1988
$214,000
Rikal Ents
Balin
Grant Deed
—
Nov 2, 1988
$642,000
Shirinian H H
Rikal
Trustees Deed
$760,000 · Western Federal Savings & Loan
—
—
Kambiz Eghabli
—
Deed Of Trust
related
$802,500 · 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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