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    Knobhill Dr Los Angeles, CA 91423
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    Knobhill Dr Los Angeles, CA 91423

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    • Land

    Property Details for 0 Knobhill Dr

    Property type
    Land

    Description

    This exceptional 100% ownership residential land parcel, located at Knobhill Drive, Sherman Oaks, CA 91423 (APN 2274-013-021), presents a unique opportunity for development. Situated south of Ventura Boulevard and above Beverly Glen, this Los Angeles County property offers a desirable location. The asking price is $140,000. The property is zoned LARE15, allowing for residential construction. A key advantage is the presence of some flat areas, simplifying the construction and planning phases. This makes it an ideal site for building a new home. The property's address is specifically Knobhill Dr, Los Angeles, CA 91423, within Los Angeles city limits. The geographic coordinates are latitude 34.138478 and longitude -118.449227. This is a rare chance to acquire a buildable lot in a highly sought-after Sherman Oaks neighborhood. Don't miss this chance to create your ideal home in a prime location.

    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
    -118.449
    Latitude
    34.1385

    Comparable in this City

    • Value Estimation
      $2,000,000
      14,704 SF

      4385 Ventura Cyn Ave

      APARTMENT HOUSE (5+ UNITS) • 14,704 SF
      4385 Ventura Cyn Ave, Sherman Oaks, CA 91423
      View Details
    • Value Estimation
      $1,560,000
      9,763 SF

      4335 Ventura Cyn Ave

      APARTMENT HOUSE (5+ UNITS) • 9,763 SF
      4335 Ventura Cyn Ave, Sherman Oaks, CA 91423-3760
      View Details
    • Value Estimation
      $1,350,000
      10,040 SF

      4348 Ventura Cyn Ave

      APARTMENT HOUSE (5+ UNITS) • 10,040 SF
      4348 Ventura Cyn Ave, Sherman Oaks, CA 91423-3754
      View Details
    • Value Estimation
      $2,225,000
      14,440 SF

      4253 Dixie Cyn Ave

      APARTMENT HOUSE (5+ UNITS) • 14,440 SF
      4253 Dixie Cyn Ave, Sherman Oaks, CA 91423
      View Details
    • Value Estimation
      $975,000
      7,021 SF

      4190 Dixie Cyn Ave

      APARTMENT HOUSE (5+ UNITS) • 7,021 SF
      4190 Dixie Cyn Ave, Sherman Oaks, CA 91423-4350
      View Details
    • Value Estimation
      $1,370,000
      9,996 SF

      4750 Ethel Ave

      APARTMENT HOUSE (5+ UNITS) • 9,996 SF
      4750 Ethel Ave, Sherman Oaks, CA 91423-3349
      View Details

    Similar Nearby for Sale

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      Sherman Oaks Land For Sale

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      Sherman Oaks Multifamily Investment Opportunity

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      Sherman Oaks Multifamily Investment Property

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      Sherman Oaks Multifamily Townhouses

      12-unit apartment building in prime Sherman Oaks location.
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      Sherman Oaks Mixed-Use Building

      Mixed-use building in Sherman Oaks with residential and commercial spaces.
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    • $159,990
      0.32 Acres

      Vacant Lot in Sherman Oaks

      Vacant land in a desirable Los Angeles neighborhood.
      3573 Camino De La Cumbre, Sherman Oaks, CA 91423
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Creative Ground Floor Office Space

      Creative ground floor office with direct parking access available for rent.
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      Sherman Oaks Office Space

      Office space available for lease in Sherman Oaks, CA.
      13749 Riverside Dr, Sherman Oaks, CA 91423
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      Retail Space For Lease

      Retail property available for lease in Sherman Oaks, California.
      13333 Riverside Dr, Sherman Oaks, CA 91423
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      Office Space Available For Rent

      Office space available, offering 1,200 square feet.
      13563-1/2 Ventura Blvd, Los Angeles, CA 91423
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      Retail Space in Sherman Oaks

      Retail property with building signage, ample parking, and freeway access.
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      Medical Office in Sherman Oaks

      Professional medical office space in a prime Sherman Oaks location.
      13320 Riverside Dr, Los Angeles, CA 91423
      View Details
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    Los Angeles, CA 91423
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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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    Knobhill Dr, Los Angeles, CA, 91423
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