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Property profile & analytics
OFF-MARKET
Estimated value
$5,140,000
Warehouses
21050 Erwin St Woodland Hills, CA 91367-3710
Individually Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6411755
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1972
Total area
26,292 SF
Lot
1.32 ac (57,511 SF)
Zoning code
LAWC
APN
2149-005-036
UPID
US09-6411755
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
by Request
CAP Approach
CAP
$5.27M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.14M
Owner & transaction history
David Shoshan · 8 yrs held
David Shoshan
since 2018
7 recorded transactions
Zoning & alternative use
LAWC · Woodland Hills, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$8.5M
+9.7%
Industrial (general)
$7.9M
+2.7%
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 Woodland Hills submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Woodland 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,700,000
6.5%
$5,265,000
7%
$4,885,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$7,725,000
Current use
OFFICE BUILDING
$8,470,000
Change: +10% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$7,930,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$5.14M
Range $4.63M – $5.65M · ±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
$195 / 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
$103,809
Tax year 2024
Assessed value
$8,254,838
Assessed 2024
Previous assessed
$8,254,838
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$8,143,288
Assessed improvement
$111,550
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1972
Heating
NONE
Buildings
2
Stories
1
Total area
26,292 SF
Lot
1.32 ac (57,511 SF)
Zoning code
LAWC
APN
2149-005-036
UPID
US09-6411755
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAWC · Woodland Hills, CA
Zoning LAWC · permitted uses
LAWC · Woodland Hills, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Woodland Hills. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$7.7M
OFFICE BUILDING
Est. value
$8.5M
INDUSTRIAL (GENERAL)
Est. value
$7.9M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
1972
Heating
NONE
Stories
1
Buildings
2
Lot
1.32 ac
Current owner
From public records · entity-resolved
David Shoshan
Individual
Mailing address
21510 ROSCOE BLVD, CANOGA PARK, CA 91304-4144
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2018
—
David Shoshan
Shoshan,ingrid L
Quit Claim Deed
related
—
Jun 5, 2018
$14,200,000
Mountain View Condos Corp
Erwin LLC
Grant Deed
—
Aug 30, 2011
$2,800,000
Erwin LLC
Dasilva B & S L 2002 Trust
Grant Deed
$1,800,000 · Bank Leumi USA
Nov 14, 2002
—
Dasilva,bob & Sherry L Tr
Dasilva,b & S L
Quit Claim Deed
related
—
Jul 11, 2002
—
Bob Dasilva
Warner Equities Ltd
Grant Deed
$1,736,000 · General Bank
Dec 22, 1971
$109,000
Warner Equities Ltd
—
Grant Deed
related
—
—
—
Warner Equities Ltd
—
Deed Of Trust
related
$1,200,000 · J David Gladstone Institutes
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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