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Property profile & analytics
OFF-MARKET
Estimated value
$2,345,000
Office buildings
21004 Nordhoff St Chatsworth, CA 91311-5945
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8621811
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1982
Construction
TILT-UP CONCRETE
Total area
11,548 SF
Lot
0.34 ac (14,998 SF)
Zoning code
LAMR2
APN
2779-048-005
UPID
US09-8621811
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
-
Optical Exchange Big Box & Wholesale Store
-
BMC Landscape Management Inc Landscaping General Contractor
-
MelliTV Television Studio Media Distribution
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.42M
Blend (final)
Blend
$2.35M
Owner & transaction history
Sonel Investments LLC · 11 yrs held
Sonel Investments LLC
since 2015
7 recorded transactions
Zoning & alternative use
LAMR2 · Chatsworth, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$3,690,000
Current use
COMMERCIAL (GENERAL)
$3,570,000
Change: -3% · Conversion: Easy
WAREHOUSE, STORAGE
$3,060,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$2.35M
Range $2.11M – $2.58M · ±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
$203 / 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
$25,286
Tax year 2024
Assessed value
$1,961,834
Assessed 2024
Previous assessed
$1,961,834
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$954,405
Assessed improvement
$1,007,429
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 (MULTI-STORY)
Status
Off-Market
Year built
1982
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Total area
11,548 SF
Lot
0.34 ac (14,998 SF)
Zoning code
LAMR2
APN
2779-048-005
UPID
US09-8621811
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAMR2 · Chatsworth, CA
Zoning LAMR2 · permitted uses
LAMR2 · 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
$3.7M
COMMERCIAL (GENERAL)
Est. value
$3.6M
WAREHOUSE, STORAGE
Est. value
$3.1M
OFFICE BUILDING Current
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
1982
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Lot
0.34 ac
Current owner
From public records · entity-resolved
Sonel Investments LLC
Entity
Mailing address
3616 AVENIDA CALLADA, CALABASAS, CA 91302-3030
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2022
—
Sonel Investments LLC
—
Deed
related
$820,000 · Bank Of America NA
Jan 13, 2015
$1,665,000
Sonel Investments LLC
Wells Fargo Bank National Associati
Grant Deed
$1,000,000 · Mufg Union Bank NA
Jan 23, 2014
$1,440,000
Fargo Bk NA Wells
Mortgage Lender Svcs INC
Trustees Deed
related
—
Jan 11, 2008
—
21004 Nordhoff LLC
Cinderella Investment Co
Grant Deed
$1,500,000 · Wells Fargo Bank NA
Jul 29, 1996
$320,000
Spar Investment Co
Cohen,charles P & Harriet L
Trustees Deed
—
May 6, 1988
$818,000
Cohen Charles P
Boyar
Grant Deed
$658,000 · Boyar Roger&char
—
—
Charles P Cohen
—
Deed Of Trust
related
$640,000 · First Citizens Bank
—
—
Cohen Charles P
—
Deed Of Trust
related
$75,000 · First Citizens Bank
—
—
21004 Nordhoff LLC
—
Deed Of Trust
related
—
—
—
Charles P Cohen
—
Deed Of Trust
related
$100,000 · First Citizens Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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