Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    3609 Oakfield Dr Van Nuys, CA 91423

    Sponsored
    For Sale
    $250,000

    LAND - Los Angeles, CA

    Lot size:
    0.80 Acres
    Days on Market:
    76
    Last Refresh:
    Jan 21 at 12:06 am

    Property Features for 3609 Oakfield Dr

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    LARE15
    APN
    2274-010-012
    Lot size
    0.80 Acres

    We can help!

    Listing Contact
    Horace Davenport

    Keller Williams Larchmont (323) 762-2600 [email protected]

    Listing agent Horace Davenport (323) 762-2600 License #01083856

    Listing date Nov 7, 2025

    Copyright © 2025 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Los Angeles Land Opportunity

    This downslope lot, encompassing over 0.75 acres, is situated on a street known for its mid-century architecture. Located on Oakfield Drive, near 17 Richard Neutra-designed homes, the property offers the opportunity to build a custom residence. The lot provides views of Beverly Glen Canyon, the San Fernando Valley, and the San Gabriel Mountains. The location is in a historic and prestigious area. Adjacent lots to the west and south are also available for purchase, offering additional investment and design possibilities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Van Nuys
    County
    Los Angeles
    State
    California
    Longitude
    -118.449131
    Latitude
    34.136785

    Nearby Similar for Sale

    • $4,250,000
      12,387 SF

      Van Nuys Commercial Property

      Commercial property in Van Nuys with office and warehouse space.
      14122 Aetna St, Van Nuys, CA 91401
      View Details
    • $1,099,000
      0.17 Acres

      Van Nuys Multifamily with ADU

      Multifamily property with permitted ADU in Lake Balboa.
      6402 Graves Ave, Van Nuys, CA 91406
      View Details
    • $2,500,000
      3,672 SF

      Valley Glen Triplex with ADUs

      Triplex in Valley Glen featuring remodeled main house and ADUs.
      6118 Ethel Ave, Van Nuys, CA 91401
      View Details
    • $2,295,000
      4,080 SF

      Renovated Triplex in Van Nuys

      Modern, renovated triplex with spacious units near shopping and dining.
      7010 Lennox Ave, Van Nuys, CA 91405
      View Details
    • New
      $1,995,000
      2,500 SF

      Sherman Oaks Duplex Opportunity

      Rare duplex near Ventura Blvd, ideal for owner-users or investors.
      4503 Tobias Ave, Sherman Oaks, CA 91403
      View Details
    • $2,695,000
      5,858 SF

      Modern Lake Balboa Income Property

      Two-building complex featuring four units with high-end finishes.
      6845 Haskell Ave, Van Nuys, CA 91406
      View Details
    • $110,000

      Operating Elderly Care Center

      Licensed elderly care center in Van Nuys, California for sale.
      7459 Sylmar Ave, Van Nuys, CA 91405
      View Details
    • $3,999,000
      23,719.00 Acres

      Encino Land Ready To Build

      Private Encino lot with plans for an 11,621 sf estate.
      4620 Encino Ave, Encino, CA 91316
      View Details
    • $3,200,000
      7,036 SF

      Sherman Oaks Tri-Level Quadruplex

      Spacious, remodeled tri-level property in prime Sherman Oaks location.
      14948 Moorpark St, Sherman Oaks, CA 91403
      View Details
    • New
      $1,250,000
      4,341 SF

      Van Nuys Multifamily Investment Opportunity

      Six-unit multifamily property in a high-demand Van Nuys rental market.
      14622 Sylvan St, Van Nuys, CA 91411
      View Details
    • $925,000
      1,873 SF

      Updated Duplex in Van Nuys

      Two updated homes on one lot, ideal for various uses.
      14334 Tiara St, Van Nuys, CA 91401
      View Details
    • $365,000

      Turnkey Collision Center in Van Nuys

      Fully equipped collision center for sale in Van Nuys.
      7620 Balboa Blvd, Van Nuys, CA 91406
      View Details

    FAQs

    What type of property is this?
    Land - Downslope lot in a historic Los Angeles neighborhood.
    Where is this land located?
    The property is located at 3609 Oakfield Dr Van Nuys, CA.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: - Large 0.75+ acre downslope lot.; - Located on Oakfield Dr., home to 17 Richard Neutra designed homes.; - Enjoy views of Beverly Glen Canyon, San Fernando Valley, and San Gabriel Mountains.
    (323) 762-2600
    Request Owner's contact information
    3609 Oakfield Dr Van Nuys, CA 91423
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3609 Oakfield Dr
    Van Nuys, CA 91423
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    3609 Oakfield Dr Van Nuys, CA 91423
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Horace Davenport
    Real Estate License ID: 01083856
    (323) 762-2600
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.