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Property profile & analytics
OFF-MARKET
Estimated value
$16,505,000
Motels
21603 Devonshire St Chatsworth, CA 91311-2902
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7975313
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1988
Construction
WOOD
Total area
26,366 SF
Lot
0.77 ac (33,392 SF)
Zoning code
LAC2
APN
2722-009-007
UPID
US09-7975313
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.31M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$18.19M
Blend (final)
Blend
$16.51M
Owner & transaction history
Volunteers Of America & Los Angeles · 5 yrs held
Volunteers Of America & Los Angeles
since 2020
Last sale
$15.6M
7 recorded transactions
Zoning & alternative use
LAC2 · Chatsworth, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$17.2M
+54.7%
Neighborhood: shopping center
$16.0M
+44.6%
Auto repair, garage
$12.2M
+9.9%
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
$16,695,000
ML approach
$10,305,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$11,100,000
Current use
RESTAURANT
$17,170,000
Change: +55% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$16,045,000
Change: +45% · Conversion: Difficult
AUTO REPAIR, GARAGE
$12,195,000
Change: +10% · Conversion: Difficult
MEDICAL BUILDING
$11,985,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$10,105,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$16.51M
Range $14.85M – $18.16M · ±10% · vs last sale $15.57M (Dec 15 2020)
Last sale anchor
$15.57M
Dec 15 2020
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
$626 / 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
$2,963
Tax year 2024
Assessed value
$14,220,186
Assessed 2024
Previous assessed
$14,220,186
+0.0% YoY
Effective rate
0.02%
On assessed value
Assessed land
$4,032,590
Assessed improvement
$10,187,596
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1988
Construction
WOOD
Heating
NONE
Stories
1
Units
75
Total area
26,366 SF
Lot
0.77 ac (33,392 SF)
Zoning code
LAC2
APN
2722-009-007
UPID
US09-7975313
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
HOTEL/MOTEL Current
Est. value
$11.1M
RESTAURANT
Est. value
$17.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$16.0M
AUTO REPAIR, GARAGE
Est. value
$12.2M
MEDICAL BUILDING
Est. value
$12.0M
RETAIL STORES
Est. value
$10.1M
HOTEL/MOTEL Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
1988
Construction
WOOD
Heating
NONE
Stories
1
Units
75
Lot
0.77 ac
Current owner
From public records · entity-resolved
Volunteers Of America & Los Angeles
Individual
Mailing address
3600 WILSHIRE BLVD STE #1500, LOS ANGELES, CA 90010-2619
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2020
$15,570,000
Volunteers Of America & Los Angeles
Sai Hospitality Services LLC
Grant Deed
—
Dec 15, 2020
—
Sai Hospitality Services LLC
Sai Jain
Quit Claim Deed
related
—
Dec 10, 2014
—
Sai Jain
T G P Hospitality Grp INC
Grant Deed
$3,100,000 · Pacific Mercantile Bank
Feb 3, 2005
$5,550,000
Prafull G Patel
7-star Suites Hotel LLC
Grant Deed
$4,045,000 · Southwest Community Bank
Feb 3, 2005
—
Mahendra Patel
Kumar,hema M
Quit Claim Deed
related
—
Aug 10, 2000
—
7-star Suites Hotel
Lu,c F & C C
Grant Deed
related
—
Jun 30, 1995
—
Chun F Lu
Lu,c F & C C
Quit Claim Deed
related
—
—
—
Chun F Lu
—
Deed Of Trust
related
$424,700 · Us Small Business Admn
—
—
Chun F Lu
—
Deed Of Trust
related
$465,000 · Individual
—
—
Lu
—
Deed Of Trust
related
$1,600,000 · American International Bank
—
—
7-star Suites Hotel LLC
—
Deed Of Trust
related
$1,500,000 · First Commercial Bank
—
—
Prafull G Patel
—
Deed Of Trust
related
$3,842,000 · Hanmi Bank
—
—
Lu
—
Deed Of Trust
related
$800,000 · American International Bank
—
—
Chun F Lu
—
Deed Of Trust
related
$100,000 · Us Small Business Admn
—
—
Meng C Lu
—
Deed Of Trust
related
$100,000 · Us Small Business Admn
—
—
Chun F Lu
—
Deed Of Trust
related
$1,500,000 · United National Bank
—
—
Chun F Lu
—
Deed Of Trust
related
$1,565,000 · American International Bank
—
—
Chun F Lu
—
Deed Of Trust
related
$30,000 · American International 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.
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