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Property profile & analytics
FOR LEASE
Investment properties
21220 Devonshire St Chatsworth, CA 91311
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8068950
For Lease
$1,150/Mo
21220 Devonshire St, Chatsworth, CA 91311
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1986
Construction
TILT-UP CONCRETE
Total area
12,303 SF
Lot
0.32 ac (13,744 SF)
Zoning code
LAC2
APN
2747-005-100
UPID
US09-8068950
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
Current use
Occupant on record · 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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.19M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.70M
Blend (final)
Blend
$2.19M
Owner & transaction history
Naeem Billoo · 1 yrs held
Naeem Billoo
since 2024
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
LAC2 · Chatsworth, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$2,185,000
ML approach
$2,185,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,255,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$2.19M
Range $1.97M – $2.40M · ±10% · vs last sale $2.19M (Oct 21 2024)
Last sale anchor
$2.19M
Oct 21 2024
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
$178 / 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
$42,244
Tax year 2024
Assessed value
$3,370,896
Assessed 2024
Previous assessed
$3,370,896
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$1,976,760
Assessed improvement
$1,394,136
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
For Lease
Year built
1986
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
12,303 SF
Lot
0.32 ac (13,744 SF)
Zoning code
LAC2
APN
2747-005-100
UPID
US09-8068950
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC2 · Chatsworth, CA
Zoning LAC2 · permitted uses
LAC2 · 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
WAREHOUSE, STORAGE
Est. value
$3.3M
WAREHOUSE, STORAGE
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
1986
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Naeem Billoo
Individual
Mailing address
10545 WHITE OAK AVE, GRANADA HILLS, CA 91344-5929
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Oct 21, 2024
—
Naeem Billoo
Naeem Billoo
Deed
related
—
Mar 29, 2024
$2,185,000
Naeem M Billoo
Claudia Finkel
Grant Deed
—
Jul 19, 2016
—
Miriam Betsalel
—
Deed
related
$620,000 · Community Commerce Bank
Jun 30, 2004
$627,273
Betsalel,tr
Betsalel,tr
Grant Deed
related
—
Aug 27, 2002
—
Betsalel,jeff Tr
Betsalel,j
Quit Claim Deed
related
—
Jul 28, 1999
—
Betsalel,miriam & Jeffrey Tr
—
Deed Of Trust
related
—
Oct 31, 1996
$577,500
Betsalel Trust
American Pacific State Bank
Trustees Deed
$462,000 · American Pacific State Bank
Oct 31, 1996
—
Jeffrey Betsalel
Betsalel,j
Quit Claim Deed
related
—
Jun 30, 1994
$1,350,000
Michael Warner
American Pacific
Grant Deed
$1,147,500 · American Pacific State Bank
Mar 23, 1994
$1,404,983
American Pacific State Bank
Davenport,jesse
Trustees Deed
related
—
—
—
Jesse Davenport
—
Deed Of Trust
related
$160,000 · Individual
—
—
Jesse Davenport
—
Deed Of Trust
related
$200,000 · Western Security Bank
—
—
Betsalel Family Trust
—
Deed Of Trust
related
$625,000 · Community Commerce Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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