Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    21241-21243 Ventura Blvd Los Angeles, CA 91364
    Back to Search
    Property profile & analytics

    21241-21243 Ventura Blvd, Los Angeles, CA 91364

    View on Map
    • Office Spaces
    • 54,105 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 21241-21243 Ventura Blvd

    Property type
    Office Spaces

    Description

    Woodland Plaza, located at 21241-21243 Ventura Blvd in Woodland Hills, CA 91364, offers exceptional executive office space for lease in Los Angeles County. This prestigious building boasts a total of 54,105 square feet, with multiple tenancy options available. Currently, there are 4,243 square feet of vacant space, divisible into units ranging from a minimum of 1,351 square feet to a maximum contiguous space of 1,480 square feet. The building provides ample parking, with a ratio of 3 parking spaces per 1,000 square feet of rentable space. The property is ideally situated in Woodland Hills, offering convenient access to major transportation routes and amenities. This is a fantastic opportunity for businesses seeking modern, efficient, and well-located office space. The building's executive office suites are perfect for companies seeking a professional and upscale environment. The available space is ready for immediate occupancy, providing a seamless transition for your business. Interested parties are encouraged to inquire about lease terms and availability. Don't miss this chance to secure prime office space in a highly desirable location. The address is easily accessible and provides excellent visibility for your business. Contact us today to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.595
    Latitude
    34.1678

    Comparable in this City

    • Value Estimation by Request
      4,716 SF

      22713 Ventura Blvd

      Office Spaces
      22713 Ventura Blvd, Los Angeles, CA 91364
      View Details
    • Value Estimation by Request
      11,951 SF

      20251-20315 Ventura Blvd

      Medical Office Space
      20251-20315 Ventura Blvd, Los Angeles, CA 91364
      View Details
    • Value Estimation by Request
      41,514 SF

      22801 Ventura Blvd

      Office Spaces
      22801 Ventura Blvd, Los Angeles, CA 91364
      View Details
    • Value Estimation by Request
      61,341 SF

      20335 Ventura Blvd

      Office Spaces
      20335 Ventura Blvd, Los Angeles, CA 91364
      View Details
    • Value Estimation by Request
      26,028 SF

      19930-19960 Ventura Blvd

      Restaurants
      19930-19960 Ventura Blvd, Los Angeles, CA 91364
      View Details
    • Value Estimation
      $25,875,000
      181,548 SF

      21031 Ventura Blvd

      OFFICE BUILDING (MULTI-STORY)
      21031 Ventura Blvd, Woodland Hills, CA 91364-2203
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,462 SF

      Remodeled Office Building in Woodland Hills

      Remodeled professional office building with prime location and ample parking.
      19825 Ventura Blvd, Woodland Hills, CA 91364
      View Details
    • $29,000,000

      Commercial Office Building For Sale

      4,069 sqft commercial office building with balconies and patio.
      Woodland Ln, Woodland Hills, CA 91364
      View Details
    • $14,950,000
      86,665 SF

      Westhills Plaza Office For Sale

      86,665 SF office building in Woodland Hills marketplace.
      20700 Ventura Blvd, Los Angeles, CA 91364
      View Details
    • Contact for pricing

      Established Deli in Woodcourt Building

      Deli Bro's with high foot traffic, catering, and delivery.
      20301 Ventura Blvd, Woodland Hills, CA 91364
      View Details
    • $1,500,000

      4.5 Acres on Topanga Canyon

      Land with high visibility and development potential in Woodland Hills.
      1 N Topanga Canyon Blvd, Woodland Hills, CA 91364
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Space for Lease

      Office space available for lease in Woodland Hills, CA.
      21241-21243 Ventura Blvd, Woodland Hills, CA 91364
      View Details
    • Contact for pricing

      Office Space for Lease

      Office space available for rent in Los Angeles, CA.
      21031 Ventura Blvd, Los Angeles, CA 91364
      View Details
    • Contact for pricing

      Office Space For Lease

      Office space available for lease in Woodland Hills, CA.
      20812 Ventura Blvd, Woodland Hills, CA 91364
      View Details
    • Contact for pricing
      59,776 SF

      Woodland Hills Office Space

      59,776 SF office building in Woodland Hills available for rent.
      23241 Ventura Blvd, Woodland Hills, CA 91364
      View Details
    • $1.50 SF/Yr
      2,951 SF

      Woodland Hills Office Space Available

      Office space available for rent in Woodland Hills, California.
      21241-21243 Ventura Blvd, Woodland Hills, CA 91364
      View Details
    • Contact for pricing

      19709 Ventura Blvd, Los Angeles, CA 91364

      Mixed-use properties
      19709 Ventura Blvd, Los Angeles, CA 91364
      View Details
    Request Owner's contact information
    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.
    21241-21243 Ventura Blvd
    Los Angeles, CA 91364
    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
    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

    Thank You for Inquiry
    21241-21243 Ventura Blvd, Los Angeles, CA, 91364
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!