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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Retail space
908 San Fernando Blvd Burbank, CA 91502-1535
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-7206661
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1929
Total area
1,500 SF
Lot
0.06 ac (2,479 SF)
Zoning code
BUC3*
APN
2453-040-004
UPID
US09-7206661
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
-
Apres Tile Hardware & Home Improvement Carpet & Flooring Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$675k
CAP Approach
CAP
$585k
Comparable Approach
Comparable
$803k
Blend (final)
Blend
$675k
Owner & transaction history
Zohrab Sarkisyan · 2 yrs held
Zohrab Sarkisyan
since 2024
Last sale
$675,000
6 recorded transactions
Zoning & alternative use
BUC3* · Burbank, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$915,000
+39.6%
Warehouse, storage
$745,000
+13.8%
Commercial (general)
$720,000
+10.1%
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 Burbank submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burbank 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
$675,000
ML approach
$675,000
CAP Approach
CAP Return
Estimation
6%
$630,000
6.5%
$585,000
7%
$540,000
Alternative Use
Use
Estimation
RETAIL STORES
$655,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$915,000
Change: +40% · Conversion: Moderate
WAREHOUSE, STORAGE
$745,000
Change: +14% · Conversion: Difficult
COMMERCIAL (GENERAL)
$720,000
Change: +10% · Conversion: Easy
MEDICAL BUILDING
$680,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$675k
Range $608k – $743k · ±10% · vs last sale $675k (Apr 17 2024)
Last sale anchor
$675k
Apr 17 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
$450 / 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
$6,543
Tax year 2024
Assessed value
$535,508
Assessed 2024
Previous assessed
$535,508
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$324,382
Assessed improvement
$211,126
Applied tax rate
9.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1929
Heating
NONE
Stories
1
Total area
1,500 SF
Lot
0.06 ac (2,479 SF)
Zoning code
BUC3*
APN
2453-040-004
UPID
US09-7206661
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
BUC3* · Burbank, CA
Zoning BUC3* · permitted uses
BUC3* · Burbank, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Burbank. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$655,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$915,000
WAREHOUSE, STORAGE
Est. value
$745,000
COMMERCIAL (GENERAL)
Est. value
$720,000
MEDICAL BUILDING
Est. value
$680,000
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
MEDICAL 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
1929
Heating
NONE
Stories
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Zohrab Sarkisyan
Individual
Free & Clear · 2 yrs held
Mailing address
1280 PASEO REDONDO, BURBANK, CA 91501-1624
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2024
—
Zohrab Sarkisyan
Zohrab Sarkisyan
Intrafamily Transfer
related
—
Oct 14, 2009
—
Zohrab Sarkisyan
Kazaryan,piruza
Quit Claim Deed
related
—
Feb 12, 2008
—
Arthur Gasamanian
Gasamanian,arthur
Quit Claim Deed
related
—
Jun 29, 2007
—
Arthur Gasamanian
Gasamanian,margo
Quit Claim Deed
related
—
Jun 29, 2007
$675,000
Artur Gasamanian
Newman,eugene W
Grant Deed
—
Sep 9, 2003
—
Eugene W Newman
Newman,mary M
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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