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Property profile & analytics
OFF-MARKET
Estimated value
$3,730,000
Parking lots & garages
Burbank, CA 91502
Individually Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-9158667
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1968
Total area
8,000 SF
Lot
0.2 ac (8,548 SF)
Zoning code
BUM2*
APN
2453-027-022
UPID
US09-9158667
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
$3.47M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.73M
Owner & transaction history
Jeffrey R Joseff JR. · 5 yrs held
Jeffrey R Joseff JR.
since 2020
Last sale
$4.0M
4 recorded transactions
Zoning & alternative use
BUM2* · Burbank, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.2M
+26.4%
Neighborhood: shopping center
$4.9M
+18.1%
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
$3,455,000
ML approach
$3,470,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$4,120,000
Current use
RESTAURANT
$5,210,000
Change: +26% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,870,000
Change: +18% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,970,000
Change: -4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,840,000
Change: -7% · Conversion: Difficult
MEDICAL BUILDING
$3,635,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$3.73M
Range $3.36M – $4.10M · ±10% · vs last sale $4.00M (Dec 17 2020)
Last sale anchor
$4.00M
Dec 17 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
$466 / 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
$13,204
Tax year 2024
Assessed value
$1,050,595
Assessed 2024
Previous assessed
$1,050,595
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$1,050,595
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1968
Heating
NONE
Total area
8,000 SF
Lot
0.2 ac (8,548 SF)
Zoning code
BUM2*
APN
2453-027-022
UPID
US09-9158667
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
BUM2* · Burbank, CA
Zoning BUM2* · permitted uses
BUM2* · 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
PARKING LOT Current
Est. value
$4.1M
RESTAURANT
Est. value
$5.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.9M
WAREHOUSE, STORAGE
Est. value
$4.0M
COMMERCIAL (GENERAL)
Est. value
$3.8M
MEDICAL BUILDING
Est. value
$3.6M
PARKING LOT Current
RESTAURANT
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
1968
Heating
NONE
Lot
0.2 ac
Current owner
From public records · entity-resolved
Jeffrey R Joseff JR.
Individual
Free & Clear · 5 yrs held
Mailing address
3531 TORRANCE BLVD, TORRANCE, CA 90503-4802
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2021
—
Sukian LLC
—
Deed
related
$2,000,000 · Commercial Bank Of Ca
Dec 17, 2020
—
Jeffrey R Joseff JR.
Kristin Joseff
Quit Claim Deed
related
—
Dec 17, 2020
$4,000,000
Sukian LLC
Jeffrey R Joseff JR.
Grant Deed
—
Sep 18, 2015
—
Tina Joseff
Joseff,jeffrey R
Affidavit Of Death
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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