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Property profile & analytics
OFF-MARKET
Estimated value
$12,700,000
Apartment buildings
10247 Variel Ave Chatsworth, CA 91311-6730
Entity Owned
1-yr Hold
Absentee Owner
Property ID
US09-7930355
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2021
Construction
WOOD
Total area
27,697 SF
Lot
0.52 ac (22,498 SF)
Zoning code
LAP
APN
2747-005-022
UPID
US09-7930355
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Blink Charging Station Electric Vehicle Charging Station
-
AB APPLIANCE CARE Home Appliance Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.70M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.57M
Blend (final)
Blend
$12.70M
Owner & transaction history
Variel 200r LP · 1 yrs held
Variel 200r LP
since 2024
Last sale
$12.7M
7 recorded transactions
Zoning & alternative use
LAP · Chatsworth, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$18.0M
+146.9%
Neighborhood: shopping center
$16.9M
+130.7%
Auto repair, garage
$12.8M
+75.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Chatsworth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chatsworth submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$12,700,000
ML approach
$12,700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$18,035,000
Change: +147% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$16,855,000
Change: +131% · Conversion: Difficult
AUTO REPAIR, GARAGE
$12,810,000
Change: +75% · Conversion: Difficult
MEDICAL BUILDING
$12,590,000
Change: +72% · Conversion: Moderate
RETAIL STORES
$10,615,000
Change: +45% · Conversion: Difficult
OFFICE BUILDING
$8,855,000
Change: +21% · Conversion: Moderate
COMMERCIAL (GENERAL)
$8,560,000
Change: +17% · Conversion: Moderate
Blend value · Realmo final
$12.70M
Range $11.43M – $13.97M · ±10% · vs last sale $12.70M (Dec 30 2024)
Last sale anchor
$12.70M
Dec 30 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$459 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$161,992
Tax year 2024
Assessed value
$13,213,080
Assessed 2024
Previous assessed
$13,213,080
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$4,681,800
Assessed improvement
$8,531,280
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2021
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Units
32
Bathrooms
2
Total area
27,697 SF
Lot
0.52 ac (22,498 SF)
Zoning code
LAP
APN
2747-005-022
UPID
US09-7930355
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAP · Chatsworth, CA
Zoning LAP · permitted uses
LAP · Chatsworth, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chatsworth. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$18.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$16.9M
AUTO REPAIR, GARAGE
Est. value
$12.8M
MEDICAL BUILDING
Est. value
$12.6M
RETAIL STORES
Est. value
$10.6M
OFFICE BUILDING
Est. value
$8.9M
COMMERCIAL (GENERAL)
Est. value
$8.6M
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2021
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
32
Bathrooms
2
Lot
0.52 ac
Current owner
From public records · entity-resolved
Variel 200r LP
Entity
Mailing address
10100 CULVER BLVD STE D, CULVER CITY, CA 90232-3174
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2025
—
Variel 200r LP
—
Deed
related
$6,480,000 · Jpmorgan Chase Bank NA
Dec 30, 2024
—
Variel 200r LP
Variel 200r LP
Deed
related
—
Aug 5, 2022
—
Variel 200r LLC
—
Deed
related
$8,190,000 · Pacific Western National Bank
May 3, 2022
$12,700,000
Variel 200r LLC
10247 Variel LLC
Grant Deed
—
May 29, 2020
—
10247 Variel LLC
—
Deed
related
$6,850,000 · Century Hsng
Jan 25, 2018
$775,000
10247 Variel LLC
Lima Louis & Mary Trust
Grant Deed
—
Jul 9, 2012
—
Mary L Feeley
Lima,mary H
Affidavit Of Death
—
Apr 25, 1997
—
Lima,mary Trustee
Lima M Trustee,
Quit Claim Deed
related
—
Jun 20, 1996
—
Lima,mary Trustee
Lima,l & M
Quit Claim Deed
related
—
—
—
10247 Variel LLC
—
Deed Of Trust
related
$6,850,000 · Century Hsng
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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