Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    21220 Devonshire St Chatsworth, CA 91311

    • Investment properties
    • 12,303 SF
    • 0.32 lot acres
    For Lease
    View listing
    $950 /Mo
    Last Sale
    Oct 21, 2024
    $2,185,000
    Value Estimations
    $2,185,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8068950
    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

    • Resilient Smiles Dental Lab / Dental Office
    • California Home for Seniors / Nursing Home / Retirement Community
    • Shield National Security / Security Service
    • Olga Wolf - State Farm Insurance Agent / Insurance Agency
    • Interim HealthCare of Chatsworth / Home Health Care Service / Nursing Agency

    Property Details for 21220 Devonshire St

    Year built
    1986
    Construction
    TILT-UP CONCRETE
    Lot size
    0.32 lot acres
    Property size
    12,303 SF
    Zone code
    LAC2
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    2747-005-100
    APU
    2747005100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,185,000
      ML approach
      $2,185,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,704,000
      Market price range: $639k - $2.14M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $3,255,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Chatsworth
    County
    Los Angeles
    State
    California
    Longitude
    -118.594
    Latitude
    34.257
    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
    $42,244
    $1,976,760
    $1,394,136
    $3,370,896
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $5,425,000
      30,800 SF

      21032 Devonshire St

      STORE/OFFICE (MIXED USE) • 30,800 SF
      21032 Devonshire St, Chatsworth, CA 91311-2368
      View Details
    • Value Estimation
      $790,000
      4,426 SF

      21719 Devonshire St

      STORE/OFFICE (MIXED USE) • 4,426 SF
      21719 Devonshire St, Chatsworth, CA 91311-2904
      View Details
    • Value Estimation
      $2,140,000
      15,115 SF

      21012 Devonshire St

      STORE/OFFICE (MIXED USE) • 15,115 SF
      21012 Devonshire St, Chatsworth, CA 91311-2314
      View Details
    • Value Estimation
      $1,370,000
      4,887 SF

      21524 Nordhoff St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,887 SF
      21524 Nordhoff St, Chatsworth, CA 91311-5822
      View Details
    • Value Estimation
      $1,120,000
      3,030 SF

      21119 Devonshire St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,030 SF
      21119 Devonshire St, Chatsworth, CA 91311-2317
      View Details
    • Value Estimation
      $810,000
      3,544 SF

      23403 Lk Mnr Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 3,544 SF
      23403 Lk Mnr Dr, Chatsworth, CA 91311-6339
      View Details

    Similar Nearby for Sale

    • $99,995
      0.51 Acres

      Prime Chatsworth Beer & Wine Business

      Established business, high traffic, great potential.
      9111 De Soto Ave, Chatsworth, CA 91311
      View Details
    • $1,649,000
      3,544 SF

      Commercial Property with Residential Space

      Two-story mixed-use property in Lake Manor neighborhood of Chatsworth.
      23403 Lake Manor Dr, Chatsworth, CA 91311
      View Details
    • $79,000

      Land with Panoramic View

      Two parcels of land available in Chatsworth, Los Angeles.
      Notredame Chatsworth, Los Angeles, CA 91311
      View Details
    • $50,000
      3,612.00 Acres

      Chatsworth Land with Mountain Views

      Flat lot in Twin Lakes community, ideal for custom home.
      Aucas Dr, Chatsworth, CA 91311
      View Details
    • Contact for pricing

      Land with Mountain and City Views

      Land with views near gated community, trails, and freeway.
      17 Coya Trl, Chatsworth, CA 91311
      View Details
    • $6,984,000
      21,825 SF

      Chatsworth Industrial Property For Sale

      Industrial property in Chatsworth featuring upgraded interior and heavy power.
      9350-9357 Eton Ave, Chatsworth, CA 91311
      View Details

    Similar Nearby for Lease

    • $1.53 SF/Yr
      2,598 SF

      Chatsworth Flex Space For Rent

      Flex space available in Northpark Industrial Center, Chatsworth, CA.
      9304-9320 Deering Ave, Chatsworth, CA 91311
      View Details
    • $1.55 SF/Yr
      10,000 SF

      Chatsworth Warehouse with Yard

      Move-in ready warehouse with semi-private yard and gated parking.
      20821 Dearborn St, Chatsworth, CA 91311
      View Details
    • $1.65 SF/Yr
      4,000 SF

      Industrial Condominium with Remodeled Office

      High-image industrial condominium featuring excellent loading and remodeled office space.
      9155 Alabama Ave, Chatsworth, CA 91311
      View Details
    • $3,500 /Mo

      Retail Space in Chatsworth Center

      Retail spaces available in a newly refurbished Chatsworth center.
      20930 Lassen St, Chatsworth, CA 91311
      View Details
    • $1.60 SF/Yr
      3,393 SF

      Chatsworth Warehouse with Courtyard

      Industrial warehouse space featuring a courtyard, available for immediate occupancy.
      9428 Eton Ave, Chatsworth, CA 91311
      View Details
    • Contact for pricing

      Industrial Property in Chatsworth

      Fully leased industrial property in Chatsworth, California.
      9347-9357 Eton Ave, Chatsworth, CA 91311
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    21220 Devonshire St
    Chatsworth, CA 91311
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.