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    Property profile & analytics

    21053 Devonshire St, Unit 207 Chatsworth, CA 91311-2364

    • Office buildings
    • 383 SF
    • 0.41 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7627102
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Sepulveda Dental Lab / Dental Office
    • MHP Financial Services Inc / Accounting Firm / Tax Preparation
    • dProduce Man Software / (Bike/Boat/Book/etc) Store / Corporate Office
    • The Neuropsychological Rehabilitation Center / Rehabilitation Center
    • Advancement of Research for Myopathies (ARM) / Charitable Organization / Social Service Agency

    Property Details for 21053 Devonshire St

    Year built
    1983
    Construction
    WOOD
    Lot size
    0.41 lot acres
    Property size
    383 SF
    Zone code
    LAP
    Property type
    Office buildings
    APN
    2706-019-050
    APU
    2706019050

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Chatsworth
    County
    Los Angeles
    State
    California
    Longitude
    -118.593
    Latitude
    34.2576
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $2,288
    $42,448
    $137,957
    $180,405
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,245,000
      20,294 SF

      21363 Lassen St

      OFFICE BUILDING • 20,294 SF
      21363 Lassen St, Chatsworth, CA 91311-4289
      View Details
    • Value Estimation
      $12,955,000
      56,850 SF

      9121 Oakdale Ave

      OFFICE BUILDING • 56,850 SF
      9121 Oakdale Ave, Chatsworth, CA 91311-6517
      View Details
    • Value Estimation
      $11,890,000
      53,317 SF

      9201 Oakdale Ave

      OFFICE BUILDING (MULTI-STORY) • 53,317 SF
      9201 Oakdale Ave, Chatsworth, CA 91311-6542
      View Details
    • Value Estimation
      $30,540,000
      249,503 SF

      9220 Winnetka Ave

      OFFICE BUILDING • 249,503 SF
      9220 Winnetka Ave, Chatsworth, CA 91311-8172
      View Details
    • Value Estimation
      $2,285,000
      14,080 SF

      21049 Devonshire St

      OFFICE BUILDING • 14,080 SF
      21049 Devonshire St, Chatsworth, CA 91311-2366
      View Details
    • Value Estimation
      $3,180,000
      19,710 SF

      9216 Eton Ave

      OFFICE BUILDING • 19,710 SF
      9216 Eton Ave, Chatsworth, CA 91311-5807
      View Details

    Similar Nearby for Sale

    • $7,950,000
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      Chatsworth Church, School, and Offices

      6-acre property with church, school, and office buildings for sale.
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      Chatsworth Office Building Opportunity

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    Similar Nearby for Lease

    • Contact for pricing

      Oakdale Avenue Office Building

      Fully leased office building in Chatsworth, CA.
      9401 Oakdale Ave, Chatsworth, CA 91311
      View Details
    • $1.75 SF/Yr
      45,000 SF

      Two-Story Office Space Available

      Two-story office space with secured parking and freeway access.
      21211 Nordhoff St, Chatsworth, CA 91311
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      124,446 SF

      Lurline Business Park: West Valley Warehouse

      West Valley industrial space; 124,446 sq ft.
      9400 Lurline Ave, Los Angeles, CA 91311
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      Chatsworth Office Space Available

      Office space available for rent in Chatsworth, California.
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      4,718 SF

      Office Space with Building Signage

      First floor office space available for rent with building signage.
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    • $1.55 SF/Yr

      Chatsworth Industrial Park for Lease

      Industrial park featuring warehouses, industrial properties, and office spaces for lease.
      9301-9325 Eton Ave, Chatsworth, CA 91311
      View Details
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    Chatsworth, CA 91311-2364
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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