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Property profile & analytics
OFF-MARKET
Estimated value
$5,560,000
Warehouses
7352 Ethel Ave North Hollywood, CA 91605-4216
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6313940
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1971
Construction
TILT-UP CONCRETE
Total area
32,034 SF
Lot
1.25 ac (54,359 SF)
Zoning code
LAM2
APN
2327-015-016
UPID
US09-6313940
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
$6.42M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.56M
Owner & transaction history
Robert L Heckendorf · 2 yrs held
Robert L Heckendorf
since 2023
7 recorded transactions
Zoning & alternative use
LAM2 · North Hollywood, 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 North Hollywood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Hollywood 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%
$6,945,000
6.5%
$6,415,000
7%
$5,955,000
Blend value · Realmo final
$5.56M
Range $5.00M – $6.12M · ±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
$174 / 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
$69,475
Tax year 2024
Assessed value
$5,381,691
Assessed 2024
Previous assessed
$5,381,691
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$3,369,462
Assessed improvement
$2,012,229
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1971
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Total area
32,034 SF
Lot
1.25 ac (54,359 SF)
Zoning code
LAM2
APN
2327-015-016
UPID
US09-6313940
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAM2 · North Hollywood, CA
Zoning LAM2 · permitted uses
LAM2 · North Hollywood, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Hollywood. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1971
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Lot
1.25 ac
Current owner
From public records · entity-resolved
Robert L Heckendorf
Individual
Free & Clear · 2 yrs held
Mailing address
861 CALLE JON, THOUSAND OAKS, CA 91360-2332
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Aug 16, 2023
—
Robert L Heckendorf
Harry H Heckendorf
Affidavit Death Of Trustee/successor Trustee
related
—
Mar 31, 2017
—
Busch,louis & Doris Trust
Busch Louis T Trust
Quit Claim Deed
related
—
Nov 9, 2016
—
Busch,louis & Doris Trust
Busch Louis & Doris Trust
Quit Claim Deed
related
—
Jul 21, 2010
—
Busch Louis T Trust
Busch Farms LLC
Quit Claim Deed
—
Jul 21, 2010
$518,000
Busch Louis & D Family Trust
Coyle Amarie B Trust
Grant Deed
—
Aug 11, 1999
—
Gordon,raymond Trustee
Gordon,r
Quit Claim Deed
related
—
Jul 8, 1999
—
Raymond Gordon
Gordon R Trustee,
Quit Claim Deed
related
—
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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