Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    16220 Hart St Van Nuys, CA 91406-3905
    Property profile & analytics

    16220 Hart St, Van Nuys, CA 91406-3905

    View on Map
    • Specialty properties
    • 938 SF
    • 0.12 lot acres
    Off-Market
    Last Sale Aug 12, 2022
    $176,500
    Property ID
    US09-8551235
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Acting K9 Services / Animal Training
    • Lockwood Canine Training Center / Animal Training

    Property Details for 16220 Hart St

    Year built
    1951
    Construction
    WOOD
    Lot size
    0.12 lot acres
    Zone code
    LAM1
    Property type
    Specialty properties
    APN
    2224-022-003
    APU
    2224022003

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 12, 2022 — Mizrahi Avigdor Mizrahi Avigdor Intrafamily Transfer · related —
    Apr 3, 2002 $176,500 Avidgor Mizrahi Margueretta E Keeble Estate Grant Deed —
    Oct 29, 1993 — Keeble,margueretta E Trust Keeble,m E Quit Claim Deed · related —
    — — Avidgor Mizrahi — Deed Of Trust · related $143k · Wells Fargo Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Van Nuys
    County
    Los Angeles
    State
    California
    Longitude
    -118.487
    Latitude
    34.1973
    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
    $3,448
    $212,172
    $43,437
    $255,609
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      5,428 SF

      7720 Gloria Ave

      KENNEL
      7720 Gloria Ave, Van Nuys, CA 91406-1819
      View Details
    • Value Estimation by Request
      22,701 SF

      7030 Hayvenhurst

      Refrigerated & Cold Storage
      7030 Hayvenhurst, Los Angeles, CA 91406
      View Details
    • Value Estimation by Request
      6,093 SF

      16922 Sherman Way

      PROFESSIONAL CLUBS/ASSOCIATIONS
      16922 Sherman Way, Van Nuys, CA 91406-3613
      View Details
    • Value Estimation by Request
      4,080 SF

      16122 Covello St

      KENNEL
      16122 Covello St, Van Nuys, CA 91406-2910
      View Details
    • Value Estimation by Request
      1,917 SF

      15721 Vanowen St

      PROFESSIONAL CLUBS/ASSOCIATIONS
      15721 Vanowen St, Van Nuys, CA 91406
      View Details
    • Value Estimation
      $675,000
      11,944 SF

      15526 Lanark St

      PROFESSIONAL CLUBS/ASSOCIATIONS
      15526 Lanark St, Van Nuys, CA 91406-1411
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,161 SF

      Van Nuys Gas Station Opportunity

      Prime hard-corner gas station for sale in Van Nuys.
      16103 Sherman Way, Los Angeles, CA 91406
      View Details
    • Contact for pricing
      1,230 SF

      Profitable Dental Practice For Sale

      Established dental practice in Van Nuys shopping center with growth potential.
      17607 Sherman Way, Los Angeles, CA 91406
      View Details
    • Contact for pricing
      8,830 SF

      Van Nuys Multifamily Investment Opportunity

      Ten-unit apartment building in Van Nuys, built in 1987.
      7437 Haskell Ave, Van Nuys, CA 91406
      View Details
    • $4,950,000
      15,000 SF

      Van Nuys Industrial Asset

      15,000 square foot industrial property in Van Nuys.
      6700 Valjean Ave, Van Nuys, CA 91406
      View Details
    • Contact for pricing
      7,500 SF

      Van Nuys Freestanding Building

      7,500 SF flex/industrial building in Van Nuys, CA.
      7112-7118 De Celis Pl, Van Nuys, CA 91406
      View Details
    • Contact for pricing
      16,750 SF

      Leased Multi-Tenant Industrial Building

      100% leased multi-tenant building with convenient freeway access.
      6915-6921 Woodley Ave, Van Nuys, CA 91406
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Van Nuys Business Park Space

      High-image business park adjacent to Van Nuys Airport.
      Van Nuys Airport Industrial Ctr, Van Nuys, CA 91406
      View Details
    • Contact for pricing

      Commercial Space for Lease

      Commercial space available for lease in Los Angeles, CA.
      6016-6024 Woodman Ave, Los Angeles, CA 91406
      View Details
    • Contact for pricing

      Commercial Space for Lease

      Commercial space available for lease in Los Angeles, California.
      16611 Arminta St, Los Angeles, CA 91406
      View Details
    • Contact for pricing

      Commercial Space for Rent

      Commercial space available for rent in Los Angeles, CA.
      16517-16521 Arminta St, Los Angeles, CA 91406
      View Details
    • $2,200 /Mo
      900 SF

      Van Nuys Commercial Space Available

      Office/retail space available in Van Nuys, CA. 900 square feet.
      7600 Balboa Blvd, Van Nuys, CA 91406
      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.
    16220 Hart St
    Van Nuys, CA 91406-3905
    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
    16220 Hart St, Van Nuys, CA, 91406
    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!