Tenant-Occupied Mixed-Use Retail
21143 W Devonshire Street Los Angeles, CA 91311
21143 W Devonshire Street, Los Angeles, CA, 91311
$1,300,000
For Sale
$1,300,000
Tenant-occupied retail and residential mixed-use property with prominent street frontage along a busy Valley corridor.
Property Size3,800 SF
Lot Size0.16 Acres
Price / SF$342.11
Days on Market110
Property Features for 21143 W Devonshire Street
General Information
- Standard status
- Active
- Size
- 3,800 SF
- Lot size
- 0.16 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1973
Listing agency
Sun Coast R. E.Downtown
(805) 290-3523
Listed by
Gerard Martinez · License #01992151
(805) 290-3523
Source
Exitrealty
Added: Apr 4 Updated: Jul 22 at 6:34AM Checked: Jul 22 at 6:34AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sun Coast R. E.Downtown
Investment Insights
Based on property information with market context.
Located at 21143 W Devonshire Street in Los Angeles (Chatsworth), this approximately 3,800+ square foot mixed-use property sits on a nearly 7,000 square foot lot, offering a versatile layout for commercial and residential uses. The property is currently tenant-occupied, providing immediate income potential while allowing flexibility for future repositioning or owner-user needs.
The asset is positioned along one of the San Fernando Valley’s well-traveled corridors and is described as having strong visibility with prominent street frontage and steady traffic exposure. It is presented as being well-suited for investors seeking a long-term hold in a proven corridor, supported by its mixed-use zoning and consistent access.
For buyers and brokers, this is a storefront-oriented asset that combines an income-producing current tenancy with mixed-use configuration, supported by its street-facing presence on a high-traffic route.
The asset is positioned along one of the San Fernando Valley’s well-traveled corridors and is described as having strong visibility with prominent street frontage and steady traffic exposure. It is presented as being well-suited for investors seeking a long-term hold in a proven corridor, supported by its mixed-use zoning and consistent access.
For buyers and brokers, this is a storefront-oriented asset that combines an income-producing current tenancy with mixed-use configuration, supported by its street-facing presence on a high-traffic route.
Key Highlights
- Approx. 3,800+ SF mixed‑use property on a nearly 7,000 SF lot
- Tenant‑occupied for immediate income potential
- Prominent street frontage along a well‑traveled San Fernando Valley corridor
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $140.4k | $36.96 |
| − Vacancy | −$14.5k | −$3.81 |
| EGI | $126.0k | $33.15 |
| − OpEx | −$37.8k | −$9.95 |
| NOI | $88.2k | $23.21 |
3,800 SF · lease $36.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.26M
$1.10M – $1.47M
NOI $88,187 @ 7.0% cap · market cap 6.78%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$76.99M
$67.36M – $89.82M
NOI $5,389,000 @ 7.0% cap · market cap 414.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Storefront property - Tenant-occupied retail and residential mixed-use property with prominent street frontage along a busy Valley corridor.
Where is this storefront property located?
The property is located at 21143 W Devonshire Street Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Approx. 3,800+ SF mixed‑use property on a nearly 7,000 SF lot; Tenant‑occupied for immediate income potential; Prominent street frontage along a well‑traveled San Fernando Valley corridor
