Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    11019 Penrose St Sun Valley, CA 91352-2722

    • Warehouses
    • 13,300 SF
    • 0.47 lot acres
    OFF-MARKET
    Last Sale
    Jun 11, 2021
    $2,950,029
    Value Estimations
    $3,185,000
    Show details
    Cap Rate Potential
    6.5%
    Warehouses
    Location Intelligence
    Property ID
    US09-7540758
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 11019 Penrose St

    Year built
    1988
    Construction
    TILT-UP CONCRETE
    Lot size
    0.47 lot acres
    Property size
    13,300 SF
    Zone code
    LAM1
    Property type
    Warehouses
    APN
    2408-027-024
    APU
    2408027024

    Description

    This exceptional investment opportunity presents a 13,300-square-foot flex industrial property located at 11019 Penrose St, Los Angeles, CA 91352. The single-story, 1988-built building, renovated in 2024, sits on a 20,473-square-foot lot and is zoned M1. Currently 100% occupied since November 11, 2023, under a five-year lease with two five-year renewal options, this Core+ Class C property boasts a 7.50% cap rate. The tenant, a fully licensed cannabis cultivation and manufacturing operation (Type-6 and Type-11 licenses), is consistently meeting lease obligations, including rent bumps. Building features include two roll-up doors with 14' and 12' clearances, a large fenced parking lot (12 spaces per 1,000 sq ft), upgraded electrical power, and new HVAC units. The lease expires October 31, 2028, leaving approximately 3.7 years remaining. All information is based on the provided data; potential buyers are responsible for conducting their own due diligence. This property offers a strong, stable income stream with significant upside potential. The property's location in Sun Valley provides easy access to major transportation routes.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,100,000
      ML approach
      $3,280,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,345,000
      6.5%
      $3,085,000
      7%
      $2,865,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,514,000
      Market price range: $1.54M - $4.51M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sun Valley
    County
    Los Angeles
    State
    California
    Longitude
    -118.371
    Latitude
    34.2299
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $43,977
    $1,804,053
    $1,697,932
    $3,501,985
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $690,000
      24,780 SF

      9327 San Fernando Rd

      MINI-WAREHOUSE, STORAGE • 24,780 SF
      9327 San Fernando Rd, Sun Valley, CA 91352-1404
      View Details
    • Value Estimation
      $825,000
      118,816 SF

      8300 San Fernando Rd

      WAREHOUSE, STORAGE • 118,816 SF
      8300 San Fernando Rd, Sun Valley, CA 91352-3222
      View Details
    • Value Estimation
      $840,000
      104,808 SF

      9800 Glenoaks Blvd

      WAREHOUSE, STORAGE • 104,808 SF
      9800 Glenoaks Blvd, Sun Valley, CA 91352-1041
      View Details
    • Value Estimation
      $640,000
      17,640 SF

      11122 Penrose St

      WAREHOUSE, STORAGE • 17,640 SF
      11122 Penrose St, Sun Valley, CA 91352-2724
      View Details
    • Value Estimation
      $160,000
      8,365 SF

      10919 Randall St

      WAREHOUSE, STORAGE • 8,365 SF
      10919 Randall St, Sun Valley, CA 91352-2074
      View Details
    • Value Estimation
      $925,000
      63,257 SF

      9450 Chivers Ave

      WAREHOUSE, STORAGE • 63,257 SF
      9450 Chivers Ave, Sun Valley, CA 91352-2654
      View Details

    Similar Nearby for Sale

    • $4,300,000
      10,051 SF

      Industrial Condo Near Burbank Airport

      10,051 SF industrial condo with designer office space.
      7575 N San Fernando Rd, Sun Valley, CA 91352
      View Details
    • Contact for pricing
      60,800 SF

      San Fernando Rd Industrial Flex Space

      60,800 SF Flex/Warehouse, Los Angeles
      9237 San Fernando Rd, Los Angeles, CA 91352
      View Details
    • $1,125,000
      6,000 SF

      Sun Valley Warehouse with Cold Storage

      6,000 SF warehouse with cold storage and office space.
      8000 Wheatland Ave, Shadow Hills, CA 91352
      View Details
    • $799,000

      Sun Valley Industrial Property

      Industrial property in Sun Valley, ideal for manufacturing or storage.
      10723 Sherman Way, Sun Valley, CA 91352
      View Details
    • $2,549,000

      North Hollywood/Sun Valley Opportunity

      LAC2 building and vacant lot in prime location.
      11023 Sherman Way, Sun Valley, CA 91352
      View Details
    • Contact for pricing
      88,101 SF

      Manufacturing Building with Heavy Power

      Manufacturing building with heavy power in Empowerment Zone.
      12443 Branford St, Sun Valley, CA 91352
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      10,800 SF

      Sun Valley Warehouse - 10,800 SF

      10,800 SF warehouse, Los Angeles, CA
      8511 Lankershim Blvd, Los Angeles, CA 91352
      View Details
    • $1.73 SF/Yr
      4,900 SF

      Sun Valley Industrial Space Available

      4,900 SF industrial space with excellent freeway access.
      9003 Norris Ave, Sun Valley, CA 91352
      View Details
    • $1.65 SF/Yr
      37,760 SF

      Industrial Space for Lease

      Industrial property available for lease at Clybourn Avenue.
      7680 Clybourn Ave, Shadow Hills, CA 91352
      View Details
    • $1,500 /Mo
      126 SF

      Remodeled Office Space in Sun Valley

      Fully remodeled office space for lease in a prime location.
      11637 Tuxford St, Shadow Hills, CA 91352
      View Details
    • $1,500 /Mo
      126 SF

      Remodeled Office Space in Sun Valley

      Fully remodeled office space for lease in a prime location.
      11637 Tuxford St, Shadow Hills, CA 91352
      View Details
    • $3,125 /Mo

      Retail Space Available For Rent

      Retail space available for lease in Sun Valley, CA.
      8809 Sunland Blvd, Shadow Hills, CA 91352
      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.
    11019 Penrose St
    Sun Valley, CA 91352-2722
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.