Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,160,000
Theaters & concert halls
8044 Lankershim Blvd North Hollywood, CA 91605-1609
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7656063
Property profile
Verified
Property type
Theaters & concert halls
Use group
DANCE HALL
Year built
1966
Construction
TILT-UP CONCRETE
Total area
6,000 SF
Lot
0.29 ac (12,813 SF)
Zoning code
LAM1
APN
2311-005-015
UPID
US09-7656063
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
-
Memories Banquet Hall Wedding 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
$1.16M
Owner & transaction history
Omy Holdings LLC · 1 yrs held
Omy Holdings LLC
since 2024
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
LAM1 · 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
Alternative Use
Use
Estimation
THEATER (MOVIE)
$1,905,000
Current use
Blend value · Realmo final
$1.16M
Range $1.04M – $1.28M · ±10% · vs last sale $1.60M (Aug 12 2024)
Last sale anchor
$1.60M
Aug 12 2024
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
$193 / 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
$22,147
Tax year 2024
Assessed value
$1,770,031
Assessed 2024
Previous assessed
$1,770,031
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$1,158,982
Assessed improvement
$611,049
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
Theaters & concert halls
Use group
DANCE HALL
Status
Off-Market
Year built
1966
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
6,000 SF
Lot
0.29 ac (12,813 SF)
Zoning code
LAM1
APN
2311-005-015
UPID
US09-7656063
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAM1 · North Hollywood, CA
Zoning LAM1 · permitted uses
LAM1 · 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.
Alternative use value scenarios
Repositioning upside vs current use
THEATER (MOVIE) Current
Est. value
$1.9M
THEATER (MOVIE) 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
1966
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Omy Holdings LLC
Entity
Mailing address
7057 VANSCOY AVE, NORTH HOLLYWOOD, CA 91605-5358
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 12, 2024
$1,600,000
Omy Holdings LLC
Armen Koshkaryan
Grant Deed
—
May 8, 2024
—
Armen Koshkaryan
Armen Koshkaryan
Intrafamily Transfer
related
$100,000 · Moneystar LLC
Apr 13, 2023
—
Armen Koshkaryan
Armen Koshkaryan
Intrafamily Transfer
related
—
Oct 11, 2019
—
Armen Koshkaryan
Armen Koshkaryan
Quit Claim Deed
related
$1,140,000 · Velocity Com'l Cap
Aug 7, 2007
$538,000
Armen Koshkaryan
Gonzalez,jose A
Grant Deed
$1,050,000 · Jose Gonzalez
Apr 28, 2005
—
Jose A Gonzalez
Gonzalez,maria G
Quit Claim Deed
related
$151,300 · Lockheed FCU
Apr 28, 2005
$915,000
Enrique Gonzalez
Rene Of Paris INC
Grant Deed
$457,500 · Bank Of America
Sep 7, 1988
—
Rene Paris
Rene Of Paris In
Quit Claim Deed
related
$270,000 · Valley Federal Savings & Loan
—
—
Armen Koshkaryan
—
Deed Of Trust
related
$279,500 · Jose Gonzalez
—
—
Armen Koshkaryan
—
Deed Of Trust
related
$824,500 · Pacific Enterprise Bank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 8044 Lankershim Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
