Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,955,000
Medical Office Space
8781 Van Nuys Blvd Panorama City, CA 91402-2401
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6263279
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1963
Total area
9,712 SF
Lot
0.56 ac (24,177 SF)
Zoning code
LACR
APN
2653-001-033
UPID
US09-6263279
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
$3.34M
CAP Approach
CAP
$2.84M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.96M
Owner & transaction history
Prestwick Holding & LP · 5 yrs held
Prestwick Holding & LP
since 2020
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
LACR · Panorama City, 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 Panorama City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Panorama City 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
$3,510,000
ML approach
$3,335,000
CAP Approach
CAP Return
Estimation
6%
$3,070,000
6.5%
$2,835,000
7%
$2,630,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,415,000
Current use
COMMERCIAL (GENERAL)
$4,185,000
Change: -5% · Conversion: Easy
OFFICE BUILDING
$3,545,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$2.96M
Range $2.66M – $3.25M · ±10% · vs last sale $2.55M (Dec 18 2020)
Last sale anchor
$2.55M
Dec 18 2020
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
$304 / 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
$34,752
Tax year 2024
Assessed value
$2,706,080
Assessed 2024
Previous assessed
$2,706,080
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$1,082,432
Assessed improvement
$1,623,648
Applied tax rate
8.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1963
Heating
NONE
Cooling
OTHER
Stories
2
Total area
9,712 SF
Lot
0.56 ac (24,177 SF)
Zoning code
LACR
APN
2653-001-033
UPID
US09-6263279
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LACR · Panorama City, CAZoning LACR · permitted uses
LACR · Panorama City, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$4.4M
COMMERCIAL (GENERAL)
Est. value
$4.2M
OFFICE BUILDING
Est. value
$3.5M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1963
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.56 ac
Current owner
From public records · entity-resolved
Prestwick Holding & LP
Entity
Mailing address
363 S MSN RD, LOS ANGELES, CA 90033-3752
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Dec 18, 2020
$2,550,000
Prestwick Holding & LP
Msp Properties LLC
Grant Deed
—
Feb 11, 2013
—
Msp Properties LLC
—
Deed Of Trust
related
$1,500,000 · Cathay Bank
Dec 12, 2012
—
Msp Properties LLC
San Miguel Health Plan INC
Quit Claim Deed
related
—
Aug 21, 2009
—
San Miguel Health Plan INC
—
Deed Of Trust
related
$1,500,000 · Cathay Bank
Apr 15, 2009
—
San Miguel Health Plan INC
—
Deed Of Trust
related
$1,500,000 · Cathay Bank
Aug 11, 2008
—
San Miguel Health Plan INC
Msp Properties INC
Quit Claim Deed
related
—
Jun 13, 2007
—
Msp Properties LLC
—
Deed Of Trust
related
$3,000,000 · Cathay Bank
Jan 10, 2003
—
Msp Properties LLC
Srinivasan,ramachandran & Shantha
Grant Deed
$575,000 · Community Commerce Bank
Jan 27, 1992
—
Srinivasan R
Srinivasan,ramac
Quit Claim Deed
related
$595,000 · Bank Of America
Sep 20, 1989
—
Ramac Srinivasan
—
Deed Of Trust
related
—
—
—
Msp Properties LLC
—
Deed Of Trust
related
$6,000,000 · Cathay Bank
—
—
Ramachandran Srinivasan
—
Deed Of Trust
related
$300,000 · Brentwood Bank California
—
—
Msp Properties LLC
—
Deed Of Trust
related
$1,550,000 · Torrey Pines Bank
—
—
Ramachandran Srinivasan
—
Deed Of Trust
related
$500,000 · Kuber INC
—
—
Msp Properties LLC
—
Deed Of Trust
related
$575,000 · Vip Trust Deed Co
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 8781 Van Nuys 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.
