Versatile Freestanding Building in
For Sale
Contact for pricing
Pending
9667 Owensmouth Ave, Chatsworth, CA 91311
52,360 SF building in Chatsworth, investment or owner/user opportunity.
Property Size52,360 SF
Days on Market690
Property Features for 9667 Owensmouth Ave
General Information
Standard status
Pending
Size
52,360 SF
Total Parking Spaces
64
Property subtype
Retail, Office, Industrial
Zoning
MR2-1
Occupancy
67%
Lease Type
NNN
Investment Type
Owner/User
Building Details
Year Built
1978
Year Renovated
2022
Tenancy
Multi
Listing Agency:
Lee & Associates - LA North - Westlake Village
Listed By:
Erica Balin · License #CA 01481476
(818) 444-4912
Source:
Crexi
Added: Oct 19, 2024
Changed: Aug 8
Last Checked: Jul 24 at 3:48PM
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 Lee & Associates - LA North - Westlake Village
Investment Insights
Based on property information with market context.
This free-standing building, located in Chatsworth, California, offers 52,360 square feet of versatile space. It presents an investment or owner/user opportunity, offering both income stability and growth potential for investors, as well as a strategic option for a business owner looking to occupy part of the property. The property is suitable for mixed-use, retail, office, and industrial purposes.
Key Highlights
- Free‑standing building offering 52,360 square feet of versatile space.
- Located in the heart of Chatsworth, California.
- Presents both income stability and growth potential.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$1,158,444
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.39%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$23,168,880
$23.2M
Cap Rate 7%
$16,549,200
$16.5M
Cap Rate 9%
$12,871,600
$12.9M
Market Conditions
NOI Build-Up for 52,360 SF
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.
Gross rent
$1.77M $33.84/SF
− Vacancy
−$116.9K −$2.23/SF
EGI
$1.65M $31.61/SF
− OpEx
−$496.5K −$9.48/SF
NOI
$1.16M $22.12/SF
Area
Los Angeles County, CA
Vacancy
6.60%
Lease Rate
$33.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$23,168,880
Cap Rate 7%
$16,549,200
Cap Rate 9%
$12,871,600
Alternative Uses
Best Use
Retail
$16.55M
$14.48M – $19.31M
NOI $1,158,444 @ 7.0% cap · market cap 8.39%
Second Best
Office B
$16.35M
$14.31M – $19.08M
NOI $1,144,548 @ 7.0% cap · market cap 8.29%
Theoretical Best
Office A
$28.03M
$24.53M – $32.71M
NOI $1,962,334 @ 7.0% cap · market cap 14.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,020
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - 52,360 SF building in Chatsworth, investment or owner/user opportunity.
Where is this mixed-use property located?
The property is located at 9667 Owensmouth Ave Chatsworth, CA.
What is the asking price?
The asking price for this property is $13,800,000.
What are key features of this property?
This property features: Free‑standing building offering **52,360 square feet of versatile space.**; Located in the heart of Chatsworth, California.; Presents both income stability and growth potential.
