Entity Owned Property summary
AI-generated overview
ReadySpaces Northridge offers a diverse range of industrial spaces, perfect for manufacturing, flex, warehouse, distribution, or R&D needs. This Los Angeles County property boasts 124,518 square feet across 4.83 acres, zoned MR2-1. Eleven individual units are currently available, ranging from 200 to 5,000 square feet. Each space provides private, secure storage with access to loading docks and drive-in doors. Power options include 120V, 240V, and 208V, and free Wi-Fi is included. Office spaces of up to 2,000 square feet are also available. The property features 24/7 access, shared amenities such as conference rooms and a kitchen, and complimentary use of forklifts and pallet jacks. A comprehensive security system with CCTV monitoring is in place. Flexible lease terms, including short-term options, allow for scalability. All-inclusive pricing ensures transparency and eliminates hidden fees. This vibrant community of small businesses offers a collaborative and supportive environment.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1968
Construction
TILT-UP CONCRETE
Total area
124,532 SF
Lot
4.83 ac (210,399 SF)
Zoning code
LAMR2
APN
2746-004-006
UPID
US09-7969853
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Big Box & Wholesale Store Grocery & Convenience Store
-
Industrial Manufacturer Production Facility
-
(Bike/Boat/Book/etc) Store
-
Roofing Company General Contractor
-
Roofing Company General Contractor
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.55M
Owner & transaction history
since 2002
5 recorded transactions
Zoning & alternative use
LAMR2 · Chatsworth, CA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 3 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$10.55M
Value range
$9.49M – $11.60M
±10% around blend
Estimated value / SF
$85 / SF
Confidence
Low
3 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
30
$9.49M
blend $10.55M
$11.60M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
124,532 SF
Lot area
4.83 ac
Year built
1968
Stories
1
APN
2746-004-006
Zoning
LAMR2
Assessed value
$11,018,749
Annual tax
$151,308
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$29.56M
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
27.6 mi away · 113,926 SF
35.4 mi away · 131,594 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$10.55M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 90 sales
$230
-63%
Submarket 90 sales
$230
-63%
County 3630 sales
$272
-69%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $85/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$11.02M
Move the market yield to see immediate price impact.
Value / SF
$88
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$694k
$13.88M
$9.92M
$7.71M
$771k
$15.43M
$11.02M
$8.57M
$848k
$16.97M
$12.12M
$9.43M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$31.00M
8.6 mi · Feb 2026 · $282/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$151,308
Tax year 2024
Assessed value
$11,018,749
Assessed 2024
Previous assessed
$11,018,749
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$6,758,925
Assessed improvement
$4,259,824
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1968
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Total area
124,532 SF
Lot
4.83 ac (210,399 SF)
Zoning code
LAMR2
APN
2746-004-006
UPID
US09-7969853
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAMR2 · Chatsworth, CAZoning LAMR2 · permitted uses
LAMR2 · Chatsworth, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1968
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Lot
4.83 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
LAMR2
Jurisdiction
Chatsworth, CA
Recorded code
LAMR2
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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