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Property profile & analytics
OFF-MARKET
Estimated value
$760,000
Office buildings
21053 Devonshire St Ste 206 Chatsworth, CA 91311-8252
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-7627022
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1983
Construction
WOOD
Total area
1,375 SF
Lot
0.41 ac (18,043 SF)
Zoning code
LAP
APN
2706-019-049
UPID
US09-7627022
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
$755k
CAP Approach
CAP
$495k
Comparable Approach
Comparable
$613k
Blend (final)
Blend
$760k
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
$835,000
+90.4%
Auto repair, garage
$635,000
+44.7%
Medical building
$625,000
+42.2%
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
$755,000
CAP Approach
CAP Return
Estimation
6%
$535,000
6.5%
$495,000
7%
$460,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$835,000
Change: +90% · Conversion: Difficult
AUTO REPAIR, GARAGE
$635,000
Change: +45% · Conversion: Difficult
MEDICAL BUILDING
$625,000
Change: +42% · Conversion: Easy
RETAIL STORES
$525,000
Change: +20% · Conversion: Moderate
Blend value · Realmo final
$760k
Range $684k – $836k · ±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
$553 / 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
$9,745
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
$238,771
Assessed improvement
$557,134
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
1,375 SF
Lot
0.41 ac (18,043 SF)
Zoning code
LAP
APN
2706-019-049
UPID
US09-7627022
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAP · Chatsworth, CA
Zoning LAP · permitted uses
LAP · 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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$835,000
AUTO REPAIR, GARAGE
Est. value
$635,000
MEDICAL BUILDING
Est. value
$625,000
RETAIL STORES
Est. value
$525,000
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
22457 N PO BOX 8210TH CIR, 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
7 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
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
—
May 15, 2015
$180,000
Richard E Feldman
Susan A Nordman
Grant Deed
$144,000 · Farmers Insurance Group FCU
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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