Nine-Unit Multi-Tenant Warehouse
For Sale
Contact for pricing
9531-9547 Cozycroft Ave, Chatsworth, CA 91311
Nine-unit multi-tenant warehouse with a new roof installed December 2025 and room to occupy or lease available units.
Property Size30,480 SF
Price / SF$270
Days on Market62
Property Features for 9531-9547 Cozycroft Ave
General Information
Standard status
Active
Size
30,480 SF
Property subtype
INDUSTRIAL
Building Details
Tenancy
Multi
Listing Agency:
JLL
(818) 736-4440
Listed By:
George Stavaris · License #01267454
(818) 429-9412
Source:
Moodyscre
Added: Jul 14
Changed: Sep 4
Last Checked: Sep 12 at 4:55AM
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 JLL
Investment Insights
Based on property information with market context.
This is a nine-unit multi-tenant warehouse building offered for sale for the first time on the market. The property totals 30,480 square feet and is configured as multiple independent units within one structure. The buyer has the flexibility to use all units or lease the units they do not need.
Located at 9531–9547 Cozycroft Ave in Chatsworth, the building is positioned for west valley tenants seeking warehouse space with a multi-unit setup.
A new roof was installed in December 2025, providing an updated exterior system for the next owner and supporting ongoing operations across the unit mix.
Located at 9531–9547 Cozycroft Ave in Chatsworth, the building is positioned for west valley tenants seeking warehouse space with a multi-unit setup.
A new roof was installed in December 2025, providing an updated exterior system for the next owner and supporting ongoing operations across the unit mix.
Key Highlights
- 9‑unit multi‑tenant warehouse building
- New roof installed December 2025
- Buyer can occupy all units or lease the units they don’t need
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
$396,604
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
4.82%
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%
$7,932,080
$7.9M
Cap Rate 7%
$5,665,771
$5.7M
Cap Rate 9%
$4,406,711
$4.4M
Market Conditions
NOI Build-Up for 30,480 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
$490.1K $16.08/SF
− Vacancy
−$23.5K −$0.77/SF
EGI
$466.6K $15.31/SF
− OpEx
−$70.0K −$2.30/SF
NOI
$396.6K $13.01/SF
Area
Los Angeles County, CA
Vacancy
4.80%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
15.00%
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%
$7,932,080
Cap Rate 7%
$5,665,771
Cap Rate 9%
$4,406,711
Alternative Uses
Best Use
Warehouse
$5.67M
$4.96M – $6.61M
NOI $396,604 @ 7.0% cap · market cap 4.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$16.32M
$14.28M – $19.04M
NOI $1,142,321 @ 7.0% cap · market cap 13.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,390
Businesses Nearby
Well-served
Demand for This Use
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 Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Nine-unit multi-tenant warehouse with a new roof installed December 2025 and room to occupy or lease available units.
Where is this warehouse located?
The property is located at 9531-9547 Cozycroft Ave Chatsworth, CA.
What is the asking price?
The asking price for this property is $8,229,600.
What are key features of this property?
This property features: 9‑unit multi‑tenant warehouse building; New roof installed December 2025; Buyer can occupy all units or lease the units they don’t need
