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Property profile & analytics
OFF-MARKET
Estimated value
$18,745,000
Apartment buildings
7727 Lankershim Blvd North Hollywood, CA 91605-6518
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-8573523
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1986
Construction
WOOD
Total area
180,563 SF
Lot
2.5 ac (109,011 SF)
Zoning code
LAC2
APN
2317-008-015
UPID
US09-8573523
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
-
Villa California Apartment Complex
-
Leo cleaning (Bike/Boat/Book/etc) Store
-
Priscila Customs Department
-
Letty's Cleaning Services Commercial Cleaning Service
-
Alex Apartamento Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$22.27M
Blend (final)
Blend
$18.75M
Owner & transaction history
Spectrum Pacific West LLC · 4 yrs held
Spectrum Pacific West LLC
since 2021
7 recorded transactions
Zoning & alternative use
LAC2 · 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$18.75M
Range $16.87M – $20.62M · ±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
$104 / 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
$130,960
Tax year 2024
Assessed value
$9,179,101
Assessed 2024
Previous assessed
$9,179,101
+0.0% YoY
Effective rate
1.43%
On assessed value
Assessed land
$3,913,669
Assessed improvement
$5,265,432
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
1986
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Units
210
Bathrooms
99
Total area
180,563 SF
Lot
2.5 ac (109,011 SF)
Zoning code
LAC2
APN
2317-008-015
UPID
US09-8573523
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC2 · North Hollywood, CA
Zoning LAC2 · permitted uses
LAC2 · 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
1986
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
210
Bathrooms
99
Lot
2.5 ac
Current owner
From public records · entity-resolved
Spectrum Pacific West LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2016 RIVERSIDE DR, LOS ANGELES, CA 90039-3707
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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 12, 2021
—
Spectrum Pacific West LLC
Academy Pointe INC
Other
—
May 11, 2021
—
Spectrum Pacific West LLC
Academy Pointe INC
Other
—
May 10, 2001
—
Academy Pointe INC
—
Deed Of Trust
related
$9,700,000 · Reilly Mortgage Capital Corp
May 21, 1997
—
Academy Pointe INC
Lankershim Apts Five LP
Grant Deed
$403,954 · Namco Capital Group INC
Jan 29, 1993
$200,000
Lankershim Apartments Five
—
Grant Deed
related
—
Dec 9, 1991
$25,000
Fed Sav Western
Lowy,albert
Trustees Deed
related
—
—
—
Lankershim Apartments Five LP
—
Deed Of Trust
related
$4,650,000 · Fremont Investment & Loan
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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