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    7407 Reseda Blvd Reseda, CA 91335-2819
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    Property profile & analytics

    7407 Reseda Blvd Reseda, CA 91335-2819

    View on Map
    • Office buildings
    • 1,380 SF
    • 0.14 lot acres
    Off-Market
    Last Sale Apr 9, 2024
    $899,000
    Property ID
    US09-7859464
    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
    3.9%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • Dental Office / Medical Clinic
    • Tjiong & Tjiong / Dental Office
    • Hollywood Recording Studio / Recording Studio
    • Melania Tjiong / Dental Office
    • Dr. Hwie Beng Tjiong, DDS / Dental Office

    Property Details for 7407 Reseda Blvd

    Year built
    1940
    Construction
    WOOD
    Lot size
    0.14 lot acres
    Property size
    1,380 SF
    Zone code
    LAC2
    Property type
    Office buildings
    APN
    2118-014-020
    APU
    2118014020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $900,000
      ML approach
      $900,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,092,000
      Market price range: $328k - $1.09M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $695,000
      Current use
      AUTO REPAIR, GARAGE
      $750,000
      Change: +8% Conversion: Difficult
      MEDICAL BUILDING
      $630,000
      Change: -9% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $585,000
      Change: -16% Conversion: Difficult

    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
    34.2051
    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
    $7,810
    $424,393
    $185,661
    $610,054
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,975,000
      22,801 SF

      7320 Reseda Blvd

      OFFICE BUILDING • 22,801 SF
      7320 Reseda Blvd, Reseda, CA 91335-3047
      View Details
    • Value Estimation
      $600,000
      1,818 SF

      7616 Lindley Ave

      OFFICE BUILDING • 1,818 SF
      7616 Lindley Ave, Reseda, CA 91335-2159
      View Details
    • Value Estimation by Request
      626 SF

      7347 Reseda Blvd

      OFFICE BUILDING • 626 SF
      7347 Reseda Blvd, Reseda, CA 91335-3048
      View Details
    • Value Estimation
      $4,570,000
      26,350 SF

      18210 Sherman Way

      OFFICE BUILDING • 26,350 SF
      18210 Sherman Way, Reseda, CA 91335-4550
      View Details
    • Value Estimation
      $1,465,000
      4,647 SF

      6100 Yolanda Ave

      OFFICE BUILDING • 4,647 SF
      6100 Yolanda Ave, Tarzana, CA 91335-0817
      View Details
    • Value Estimation
      $5,675,000
      22,248 SF

      18704 Sherman Way

      OFFICE BUILDING • 22,248 SF
      18704 Sherman Way, Reseda, CA 91335
      View Details

    Similar Nearby for Sale

    • $1,600,000
      4,710 SF

      Reseda Commercial Property on Sherman

      Versatile commercial property on a bustling main street with high visibility.
      18515 Sherman Way, Reseda, CA 91335
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    • $1,250,000
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      Reseda Mixed-Use Investment Opportunity

      Mixed-use property in Reseda with residential and commercial units.
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      4,900 SF

      Versatile Banquet and Event Facility

      Fully equipped banquet facility suitable for various uses.
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      18,089 SF

      Reseda Multifamily Investment Opportunity

      Well-maintained 23-unit apartment building in Reseda, California.
      6652 Darby Ave, Los Angeles, CA 91335
      View Details
    • $3,640,000
      16,282 SF

      Reseda Garden-Style Apartment Building

      18-unit apartment building in Reseda neighborhood of San Fernando Valley.
      6640 Darby Ave, Reseda, CA 91335
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    • $1,995,000
      4,900 SF

      Turnkey Banquet & Event Facility

      Banquet and event facility with exceptional capacity and infrastructure.
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    Similar Nearby for Lease

    • Contact for pricing

      Fully Leased Office Building

      Office building in Reseda, CA, currently 100% leased.
      18107 Sherman Way, Reseda, CA 91335
      View Details
    • $2 SF/Yr

      Reseda Office Space For Rent

      Office space in Reseda, CA, with on-site amenities.
      19231 Victory Blvd, Reseda, CA 91335
      View Details
    • Contact for pricing

      Reseda Commercial/Office Space Available

      Commercial/Office space for rent in Reseda, Los Angeles.
      18341 Sherman Way, Los Angeles, CA 91335
      View Details
    • Contact for pricing

      Reseda Office Space For Lease

      Office space available for lease in Reseda, California.
      19231 Victory Blvd, Reseda, CA 91335
      View Details
    • Contact for pricing

      Reseda Commercial Space For Rent

      Commercial space for rent with high street visibility.
      18625 Sherman Way, Reseda, CA 91335
      View Details
    • Contact for pricing

      Office Space For Lease

      Office space available for lease in Los Angeles.
      18645 Sherman Way, Los Angeles, CA 91335
      View Details
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    Reseda, CA 91335-2819
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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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