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    21109 Oxnard St Los Angeles, CA 91367
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    21109 Oxnard St, Los Angeles, CA 91367

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    • Retail properties & Spaces
    • 6,750 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 21109 Oxnard St

    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    This exceptional 6,750-square-foot single-tenant property, located at 21109 W Oxnard St in Los Angeles, CA 91367, presents a unique opportunity for businesses seeking flexible and adaptable workspace. Situated in the desirable Warner Center area of Los Angeles County, this property offers a versatile layout suitable for a variety of uses, including executive office space and flex space. The building's total square footage is 6,750 square feet, all of which is currently vacant and available for immediate lease. Ample parking is provided with 13 spaces conveniently located on the property. The property is classified as Retail, Office, and Industrial, offering a diverse range of potential applications. Its location in Los Angeles, California provides excellent access to major transportation arteries and a thriving business community. The property's single-tenant occupancy ensures a streamlined and efficient leasing process. This is an ideal space for a company seeking a prominent location with ample space and parking in a highly sought-after area. The property is ready for immediate occupancy, allowing for a quick and seamless transition for your business. Contact us today to schedule a viewing and explore the possibilities.

    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
    -118.593
    Latitude
    34.1797

    Comparable in this City

    • Value Estimation
      $5,230,000
      30,351 SF

      6400 Owensmouth Ave

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    • Value Estimation by Request
      0.55 Acres

      Long Vly Rd At Vly Cir Blvd

      NURSERY, GREENHOUSE, FLORIST
      Long Vly Rd At Vly Cir Blvd, Woodland Hills, CA 91367
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    • Value Estimation by Request
      27,586 SF

      6303 Owensmouth Ave

      Office Units
      6303 Owensmouth Ave, Los Angeles, CA 91367
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    • Value Estimation by Request
      20,600 SF

      21725 Erwin St

      Individual retail properties
      21725 Erwin St, Los Angeles, CA 91367
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    • Value Estimation
      $3,090,000
      17.19 Acres

      Woodland Hills, CA 91367

      NURSERY, GREENHOUSE, FLORIST
      Woodland Hills, CA 91367
      View Details
    • Value Estimation
      $46,570,000
      114,000 SF

      6100 Canoga Ave

      DEPARTMENT STORE
      6100 Canoga Ave, Woodland Hills, CA 91367-3703
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,176 SF

      Retail Space For Sale

      Retail space available for purchase.
      22802 W Oxnard St, Los Angeles, CA 91367
      View Details
    • Contact for pricing
      20,600 SF

      Warner Center Development Opportunity

      Property in Warner Center with access to amenities and developments.
      21725 Erwin St, Los Angeles, CA 91367
      View Details
    • Contact for pricing
      11,000 SF

      Land with Approved Retail Plans

      11,000 SF land with permits for 5,842 SF retail.
      21340 Oxnard St, Woodland Hills, CA 91367
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Trillium Towers Center

      Discover many ways to work your way in Trillium Towers Center
      6320 Canoga Ave, Los Angeles, CA 91367
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    • Contact for pricing

      Warner Center

      Discover many ways to work your way in Westfork
      6303 Owensmouth Ave, Los Angeles, CA 91367
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      7,200 SF

      Victory Blvd Flex/Industrial Spaces

      Flex and industrial spaces available for rent on Victory Blvd.
      20900 Victory Blvd, Woodland Hills, CA 91367
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    • Contact for pricing

      Office Space Available For Rent

      11,130 rentable square feet of office space available.
      21200-21204 Erwin St, Woodland Hills, CA 91367
      View Details
    • Contact for pricing

      Office Space for Lease

      Office space available for lease in Woodland Hills, CA.
      5850 Canoga Ave, Woodland Hills, CA 91367
      View Details
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    Los Angeles, CA 91367
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    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
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