Office Condo with Private
21053 Devonshire, Chatsworth, CA 91311
For Sale
New
$669,000
Commercial Sale, Chatsworth, CA
Property Size1,433 SF
Price / SF$466.85
Days on Market2
Property Features for 21053 Devonshire
General Information
Property type
Property subtype
Directions
Subdivision
Standard status
APN
Additional Details
Property Use
Building Details
Year built
Buildings
Listing Agency:
Equity Union · Keller Williams Realty
(818) 989-2000
Listed By:
Silva Balouzian · License CA #00881834
(818) 380-5100
Added: Nov 9
Changed: Nov 10
Last Checked: Nov 10 at 7:06PM
MLS# SR26241166
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,433-square-foot office condominium is an end unit in a 12-unit professional building. Its layout includes a reception area, 8 enclosed offices, a kitchenette, an in-unit restroom and an open central area. Flooring and paint have been updated. The building, constructed in 1983, also provides shared restrooms.
The unit faces Devonshire Street and includes a dedicated two-car parking space, along with a narrower space suited to a compact car or motorcycle. The professional building houses medical, legal and financial service businesses.
The unit faces Devonshire Street and includes a dedicated two-car parking space, along with a narrower space suited to a compact car or motorcycle. The professional building houses medical, legal and financial service businesses.
Key Highlights
- 1,433‑square‑foot end‑unit office condominium
- Eight enclosed offices plus reception and flexible central workspace
- In‑unit restroom and kitchenette; shared building restrooms also available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,324
Cap Rate
4.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$626,480
$626.5K
Cap Rate 7%
$447,486
$447.5K
Cap Rate 9%
$348,044
$348.0K
Market Conditions
NOI Build-Up for 1,433 SF
Gross rent
$55.0K $38.40/SF
− Vacancy
−$13.3K −$9.25/SF
EGI
$41.8K $29.15/SF
− OpEx
−$10.4K −$7.29/SF
NOI
$31.3K $21.86/SF
Area
Los Angeles County, CA
Vacancy
24.10%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$626,480
Cap Rate 7%
$447,486
Cap Rate 9%
$348,044
Alternative Uses
Best Use
Office B
$447.5K
$391.6K – $522.1K
NOI $31,324 @ 7.0% cap · market cap 4.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$767.2K
$671.3K – $895.1K
NOI $53,706 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
12
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,490
Businesses Nearby
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Business Placement
Demographics for 91311, CA
39,014
Population
14,879
Households
2.6
Avg Household Size
44
Median Age
45%
College-Educated
91%
High-School Grad
32.6 sq mi
ZIP Area
1,197
Density / Sq Mi
$117,574
Median Household Income
$60,403
Median Earnings
$2,199
Median Rent
$837,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Los Angeles County, CA
Properties on Market for Office Units in Los Angeles County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - An end-position suite offers a reception area, flexible central workspace, kitchenette and dedicated parking.
Where is this office unit located?
The property is located at 21053 Devonshire Chatsworth, CA.
What is the asking price?
The asking price for this property is $669,000.
What are key features of this property?
This property features: 1,433‑square‑foot end‑unit office condominium; Eight enclosed offices plus reception and flexible central workspace; In‑unit restroom and kitchenette; shared building restrooms also available
