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    Van Nuys, CA 91411
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    Property profile & analytics

    , Van Nuys, CA 91411

    View on Map
    • Parking lots & garages
    • 13,000 SF
    • 0.30 lot acres
    Off-Market
    Last Sale Aug 19, 2024
    $4,400,000
    Property ID
    US09-9467851
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $4,400,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Parking lots & garages

    Property Details

    Year built
    1958
    Lot size
    0.30 lot acres
    Zone code
    LAR3
    Property type
    Parking lots & garages
    APN
    2241-003-020
    APU
    2241003020

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 19, 2024 $4,400,000 Victory View LLC Richard Siebold Grant Deed —
    Apr 22, 2019 — Richard M Siebold Siebold,richard M Quit Claim Deed · related —
    Oct 14, 2009 $2,950,000 Independence Bk Refs INC Trustees Deed · related —
    May 15, 2003 — Cooper Properties LLC — Deed Of Trust · related $1.3M · Sandler Trust
    Jan 28, 2000 $700,000 Cooper Properties LLC Bradshaw Trust Grant Deed $540k · Bradshaw Trust
    Dec 15, 1988 $1,600,000 Our Kids Corp Unknown Grant Deed —
    — — Les K Cooper — Deed Of Trust · related $150k · Stanley L Bolton
    — — Cooper Properties LLC — Deed Of Trust · related $320k · Luster Trust
    — — Les K Cooper — Deed Of Trust · related $150k · Stanley L Bolston
    — — Cooper Properties LLC — Deed Of Trust · related $161k · Lantern Financial Corp
    — — Cooper Properties LLC — Deed Of Trust · related $322k · Lantern Financial Corp

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,400,000
      ML approach
      $4,400,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,532,000
      Market price range: $2.82M - $10.5M

    • Alternative Use

      Use
      Estimation
      PARKING LOT
      $6,165,000
      Current use
      RESTAURANT
      $7,275,000
      Change: +18% Conversion: Difficult
      RETAIL STORES
      $6,920,000
      Change: +12% Conversion: Difficult
      MEDICAL BUILDING
      $5,910,000
      Change: -4% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $5,600,000
      Change: -9% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Van Nuys
    County
    Los Angeles
    State
    California
    Longitude
    -118.451
    Latitude
    34.1859
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $8,273
    $613,768
    $18,976
    $632,744
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.17 Acres

      14845 Calvert St

      PARKING LOT
      14845 Calvert St, Van Nuys, CA 91411-2708
      View Details
    • Value Estimation by Request
      6,250 SF

      14522 Burbank Blvd

      PARKING LOT
      14522 Burbank Blvd, Sherman Oaks, CA 91411-3329
      View Details
    • Value Estimation by Request
      6,050 SF

      5910 Sepulveda Blvd

      PARKING LOT
      5910 Sepulveda Blvd, Van Nuys, CA 91411
      View Details
    • Value Estimation by Request
      36 SF

      14615 Victory Blvd

      PARKING LOT
      14615 Victory Blvd, Van Nuys, CA 91411-1622
      View Details
    • Value Estimation
      $520,000
      13,700 SF

      14606 Friar St

      PARKING LOT
      14606 Friar St, Van Nuys, CA 91411-2310
      View Details
    • Value Estimation by Request
      1.77 Acres

      Van Nuys, CA 91411

      PARKING LOT
      Van Nuys, CA 91411
      View Details

    Similar Nearby for Sale

    • $1,275,000

      Parking Lot Near Victory Blvd

      Parking lot near Victory Blvd and Sepulveda Blvd for sale.
      Los, Van Nuys, CA 91411
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    • $120,000

      Established Auto Body Repair Business

      Turnkey auto body and collision repair business in Van Nuys.
      14701 Calvert St, Van Nuys, CA 91411
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      5,000 SF

      Versatile Mixed-Use Property in Van Nuys

      LAC2-zoned property suitable for retail, office, industrial, or residential uses.
      14518 Erwin St, Los Angeles, CA 91411
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      9,500 SF

      Mixed-Use Property Near Van Nuys

      Mixed-use property with office, retail, and warehouse space available.
      14526 Erwin Street Mall, Van Nuys, CA 91411
      View Details
    • Contact for pricing
      5,440 SF

      Retail Space in Van Nuys

      Prime retail space in a high-traffic Van Nuys location.
      14723 Aetna St, Los Angeles, CA 91411
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      852 SF

      Retail Space on Sepulveda Boulevard

      Retail space available for rent on Sepulveda Boulevard.
      6411 Sepulveda Blvd, Van Nuys, CA 91411
      View Details
    • Contact for pricing

      Commercial Space Near Major Thoroughfares

      Commercial property with convenient access to freeways and local amenities.
      14724 Oxnard St, Los Angeles, CA 91411
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Los Angeles, CA.
      6411 Sepulveda Blvd, Los Angeles, CA 91411
      View Details
    • Contact for pricing

      Van Nuys Retail Spaces Available

      Retail spaces for lease near Orange Line and Costco.
      6265 Sepulveda Blvd, Los Angeles, CA 91411
      View Details
    • Contact for pricing

      High Image Office Space

      8,200 SF office space for sublease, central location.
      Van Nuys, CA 91411
      View Details
    • $1,575 /Mo

      Van Nuys Office Space Available

      Multiple office buildings for lease in a high-traffic area.
      Van, Van Nuys, CA 91411
      View Details
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    Van Nuys, CA, 91411
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