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    Property profile & analytics

    21500 Lassen St, Unit 45 Chatsworth, CA 91311

    • Mobile home & RV parks
    • 5,793 SF
    • 21.89 lot acres
    For Sale
    View listing
    $540,000
    Last Sale
    Sep 18, 2023
    $23,000,230
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8132611
    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

    • Chatsworth Mobile Home Park / Mobile Home Park
    • SPC183 / Mobile Home Park
    • Nick's Acoustic & Drywall Services / Dry Wall Contractor
    • ADU / Prefabricated House Companies
    • Hallelujah Painting Co / Painting

    Property Details for 21500 Lassen St

    Year built
    1966
    Lot size
    21.89 lot acres
    Property size
    5,793 SF
    Zone code
    LARMP
    Property type
    Mobile home & RV parks
    APN
    2746-005-008
    APU
    2746005008

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $21,845,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $15,430,000
      Market price range: $3.48M - $15.4M

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

    Location Insight

    • Map
    • Local Demand
    City
    Chatsworth
    County
    Los Angeles
    State
    California
    Longitude
    -118.597
    Latitude
    34.2456
    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
    $313,676
    $22,500,000
    $500,000
    $23,000,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.02 Acres

      Chatsworth, CA 91311

      MOBILE HOME PARK, TRAILER PARK • 0.02 Acres
      Chatsworth, CA 91311
      View Details
    • Value Estimation
      $795,000
      3,000 SF

      20652 Lassen St

      MOBILE HOME PARK, TRAILER PARK • 3,000 SF
      20652 Lassen St, Chatsworth, CA 91311-4533
      View Details
    • Value Estimation by Request
      5,018 SF

      11401 Topanga Cyn Blvd

      MOBILE HOME PARK, TRAILER PARK • 5,018 SF
      11401 Topanga Cyn Blvd, Chatsworth, CA 91311-1222
      View Details
    • Value Estimation
      $565,000
      3,126 SF

      21001 Plummer St

      MOBILE HOME PARK, TRAILER PARK • 3,126 SF
      21001 Plummer St, Chatsworth, CA 91311-4923
      View Details
    • Value Estimation
      $7,920,000
      175,500 SF

      21201 Plummer St

      MOBILE HOME PARK, TRAILER PARK • 175,500 SF
      21201 Plummer St, Chatsworth, CA 91311
      View Details
    • Value Estimation
      $5,725,000
      54,347 SF

      10428 Canoga Ave

      APARTMENT HOUSE (5+ UNITS) • 54,347 SF
      10428 Canoga Ave, Chatsworth, CA 91311-2266
      View Details

    Similar Nearby for Sale

    • $199,995

      Indian Hills Mobile Home

      Mobile home in all-ages park with mountain views.
      11401 Topanga 84, Chatsworth, CA 91311
      View Details
    • $540,000
      2,013 SF

      Architectural Space-Age Manufactured Home

      New 4-bedroom home with spa-like bathrooms and high-end finishes.
      21500 Lassen St, Chatsworth, CA 91311
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    • $199,000

      Updated Home in Gated Community

      Updated 2-bedroom home in a gated mobile home park.
      20652 1/2, Chatsworth, CA 91311
      View Details
    • $229,950

      Indian Hills Mobile Home

      All-ages mobile home park with community amenities.
      11401 Topanga 73, Chatsworth, CA 91311
      View Details
    • $179,999

      Mobile Home in Gated Community

      Two-bedroom, two-bath mobile home with updated HVAC and community pool.
      21500 Lassen Ave, Chatsworth, CA 91311
      View Details
    • $145,000

      Chatsworth Mobile Home with Potential

      Two-bedroom, two-bath mobile home in gated community.
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    Similar Nearby for Lease

    • Contact for pricing
      124,446 SF

      Lurline Business Park: West Valley Warehouse

      West Valley industrial space; 124,446 sq ft.
      9400 Lurline Ave, Los Angeles, CA 91311
      View Details
    • Contact for pricing

      Industrial Property in Chatsworth

      Fully leased industrial property in Chatsworth, California.
      9720-9722 Topanga Canyon Pl, Chatsworth, CA 91311
      View Details
    • $1.49 SF/Yr
      3,977 SF

      Chatsworth Flex Space Available

      Clean, well-maintained flex space with loading door and ample parking.
      9705-9729 Lurline Ave, Chatsworth, CA 91311
      View Details
    • Contact for pricing
      3,130 SF

      Chatsworth Office Space Available

      Office space available for rent in Chatsworth, California.
      9131 Oakdale Ave, Chatsworth, CA 91311
      View Details
    • Contact for pricing
      14,370 SF

      Office Space with Building Signage

      First floor office space available for rent with building signage.
      9201 Oakdale Ave, Chatsworth, CA 91311
      View Details
    • $1.55 SF/Yr
      50,234 SF

      Chatsworth Industrial Building For Rent

      Industrial building in Chatsworth with heavy power and dock loading.
      9541 Mason Ave, Chatsworth, CA 91311
      View Details
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    21500 Lassen St, Unit 45
    Chatsworth, CA 91311
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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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