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Property profile & analytics
OFF-MARKET
Estimated value
$1,460,000
Office buildings
16829 Devonshire St Granada Hills, CA 91344-7405
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0496895
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1964
Construction
WOOD
Total area
4,080 SF
Lot
0.19 ac (8,178 SF)
Zoning code
LACR
APN
2684-007-014
UPID
US10-0496895
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.49M
CAP Approach
CAP
$1.47M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.46M
Owner & transaction history
Devonshire Holdings LLC · 5 yrs held
Devonshire Holdings LLC
since 2021
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
LACR · Granada Hills, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.9M
+3.1%
Medical building
$1.9M
+1.4%
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 Granada Hills submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Granada Hills 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
$1,480,000
ML approach
$1,485,000
CAP Approach
CAP Return
Estimation
6%
$1,585,000
6.5%
$1,465,000
7%
$1,360,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,830,000
Current use
AUTO REPAIR, GARAGE
$1,885,000
Change: +3% · Conversion: Difficult
MEDICAL BUILDING
$1,855,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$1.46M
Range $1.31M – $1.61M · ±10% · vs last sale $1.43M (Jun 17 2021)
Last sale anchor
$1.43M
Jun 17 2021
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
$358 / 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
$21,338
Tax year 2024
Assessed value
$1,708,962
Assessed 2024
Previous assessed
$1,708,962
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$1,060,452
Assessed improvement
$648,510
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1964
Construction
WOOD
Heating
NONE
Stories
1
Units
3
Total area
4,080 SF
Lot
0.19 ac (8,178 SF)
Zoning code
LACR
APN
2684-007-014
UPID
US10-0496895
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LACR · Granada Hills, CA
Zoning LACR · permitted uses
LACR · Granada Hills, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Granada Hills. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$1.9M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1964
Construction
WOOD
Heating
NONE
Stories
1
Units
3
Lot
0.19 ac
Current owner
From public records · entity-resolved
Devonshire Holdings LLC
Entity
Mailing address
1349 ALLENFORD AVE, LOS ANGELES, CA 90049-3641
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2021
—
Devonshire Holdings LLC
Devonshire Holdings LLC
Intrafamily Transfer
related
$1,285,483 · Citibank NA
Jul 26, 2019
—
Arash Farhadian
—
Deed
related
$1,323,000 · Wells Fargo Lender NA
Aug 26, 2015
—
Devonshire Holdings
Farhadian,arash
Quit Claim Deed
related
—
Dec 3, 2014
$1,430,000
Arash Farhadian
Donald Boyd Gallette
Grant Deed
$1,323,000 · Wells Fargo Bank NA
Dec 3, 2014
—
Arash Farhadian
Farhadian,niloofar S
Quit Claim Deed
related
—
Mar 13, 2014
—
Anderson Family 2014 Trust
Anderson,gary & Donna
Quit Claim Deed
related
—
Jun 26, 1992
—
Doreen T Et Al Muir
—
Deed Of Trust
related
—
—
—
Arash Farhadian
—
Loan Modification
related
$1,323,000 · Wells Fargo Lender NA
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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