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Property profile & analytics
OFF-MARKET
Estimated value
$765,000
Office buildings
21053 Devonshire St Ste 205 Chatsworth, CA 91311-8253
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-8494407
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1983
Construction
WOOD
Total area
822 SF
Lot
0.41 ac (18,043 SF)
Zoning code
LAP
APN
2706-019-048
UPID
US09-8494407
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
$775k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$765k
Owner & transaction history
Law Offices Of Daniel K Lee PC · 5 yrs held
Law Offices Of Daniel K Lee PC
since 2021
Last sale
$750,007
7 recorded transactions
Zoning & alternative use
LAP · Chatsworth, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$500,000
+90.4%
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 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
$775,000
ML approach
$775,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$500,000
Change: +90% · Conversion: Difficult
Blend value · Realmo final
$765k
Range $689k – $842k · ±10% · vs last sale $750k (May 28 2021)
Last sale anchor
$750k
May 28 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
$931 / 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
$9,704
Tax year 2024
Assessed value
$795,905
Assessed 2024
Previous assessed
$795,905
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$106,120
Assessed improvement
$689,785
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
1983
Construction
WOOD
Heating
NONE
Units
1
Total area
822 SF
Lot
0.41 ac (18,043 SF)
Zoning code
LAP
APN
2706-019-048
UPID
US09-8494407
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAP · Chatsworth, CAZoning LAP · permitted uses
LAP · Chatsworth, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$500,000
NEIGHBORHOOD: SHOPPING CENTER
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
1983
Construction
WOOD
Heating
NONE
Units
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
Law Offices Of Daniel K Lee PC
Individual
Mailing address
PO BOX 8210, NORTHRIDGE, CA 91327-8210
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2021
$750,000
Law Offices Of Daniel K Lee PC
Adrian Ghila
Grant Deed
$641,500 · Bank Of The West
Sep 24, 2019
—
Adrian Ghila
—
Trustees Deed
related
$500,000 · Jay Forbes
Oct 16, 2018
$180,000
Adrian Ghila
Feldman Richard E Trust
Grant Deed
—
Oct 16, 2018
—
Adrian Ghila
Ghila,ana M
Quit Claim Deed
related
—
Oct 12, 2018
—
Feldman,richard E Trust
Ghila,adrian
Quit Claim Deed
—
Jun 13, 2018
—
Owner Name Unavailable
Feldman,richard E
Affidavit Of Death
—
Jun 12, 2018
$292,000
Adrian Ghila
Feldman Richard E Trust
Grant Deed
—
Jun 12, 2018
—
Adrian Ghila
Ghila,ana M
Quit Claim Deed
related
—
Oct 10, 2003
$95,000
Feldman Richard E Trust
Jolly Paul E Trust
Grant Deed
$53,249 · Jolly Paul E Trust
Apr 29, 2003
—
Jolly,tr
Feldman,tr
Grant Deed
related
—
May 24, 2002
$94,000
Feldman Trust
Nordman,susan A
Grant Deed
—
Apr 15, 1996
—
Susan A Nordman
Chen,kuo-ho & Tsai S
Grant Deed
$103,000 · Goleta National Bank
Jul 6, 1994
—
Kuo-ho Chen
Contractors,fund
Grant Deed
related
—
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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