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Property profile & analytics
OFF-MARKET
Estimated value
$2,680,000
Office buildings
21000 Devonshire St Chatsworth, CA 91311-2360
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6798007
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1977
Construction
WOOD
Total area
10,880 SF
Lot
0.42 ac (18,499 SF)
Zoning code
LAC4
APN
2747-004-026
UPID
US09-6798007
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
-
Dental Prosthetics Lab Dental Office
-
Direct Satellite Telecommunications Service Data Center
-
Northridge Medical Transportation Freight Service Logistics Company
-
Nursecare Home Health, Inc Home Health Care Service
-
Pasternak Jeffrey G PHD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.85M
Blend (final)
Blend
$2.68M
Owner & transaction history
Devonshire Office Plaza LP · 10 yrs held
Devonshire Office Plaza LP
since 2015
7 recorded transactions
Zoning & alternative use
LAC4 · Chatsworth, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.2M
+19.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,480,000
Current use
RETAIL STORES
$4,170,000
Change: +20% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,360,000
Change: -3% · Conversion: Easy
WAREHOUSE, STORAGE
$2,880,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$2.68M
Range $2.41M – $2.95M · ±10%
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
$246 / 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
$32,556
Tax year 2024
Assessed value
$2,553,283
Assessed 2024
Previous assessed
$2,553,283
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$1,740,876
Assessed improvement
$812,407
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
1977
Construction
WOOD
Heating
NONE
Stories
1
Total area
10,880 SF
Lot
0.42 ac (18,499 SF)
Zoning code
LAC4
APN
2747-004-026
UPID
US09-6798007
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC4 · Chatsworth, CA
Zoning LAC4 · permitted uses
LAC4 · 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
OFFICE BUILDING Current
Est. value
$3.5M
RETAIL STORES
Est. value
$4.2M
COMMERCIAL (GENERAL)
Est. value
$3.4M
WAREHOUSE, STORAGE
Est. value
$2.9M
OFFICE BUILDING Current
RETAIL STORES
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1977
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.42 ac
Current owner
From public records · entity-resolved
Devonshire Office Plaza LP
Entity
Mailing address
22020 CLARENDON ST STE #303, WOODLAND HILLS, CA 91367-6333
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 27, 2025
—
Devonshire Office Plaza LP
—
Deed
related
$1,250,000 · Standard Insurance Co
Nov 20, 2015
$2,200,000
Devonshire Office Plaza LP
Good News Dentists Of America LLC
Grant Deed
$1,210,000 · Jpmorgan Chase Bank NA
Jun 9, 2004
$1,500,000
Good News Dentists Of America
Goldberg,tr
Grant Deed
$975,000 · Vineyard Bank
Dec 29, 1999
—
Goldberg,seymour S Trustee
Leff G I Trustee,
Grant Deed
related
—
Dec 30, 1998
$392,000
Goldberg Trust
Belfield Trust
Grant Deed
—
Jun 2, 1988
—
Leff Tr
Leff
Quit Claim Deed
related
$810,000 · First Los Angeles Bank
—
—
Good News Dentists Of America LLC
—
Deed Of Trust
related
$1,485,833 · Bank Of Santa Barbara
—
—
Goldberg Trust
—
Deed Of Trust
related
$679,000 · Goldberg & Goldberg Ptshp
—
—
Goldberg Trust
—
Deed Of Trust
related
$46,000 · Belfield Trust
—
—
Goldberg Trust
—
Deed Of Trust
related
$633,000 · Darlene Lawrence
—
—
Leff Trust
—
Deed Of Trust
related
$633,000 · Goldin Trust
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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