Back to Search
Property profile & analytics
FOR LEASE
Office buildings
21605 Plummer St Chatsworth, CA 91311
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-8487539
For Lease
1 / 10
$43,375,000
21605 Plummer St, Chatsworth, CA 91311
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Construction
TILT-UP CONCRETE
Total area
126,497 SF
Lot
3.87 ac (168,425 SF)
Zoning code
LAMR2
APN
2746-015-014
UPID
US09-8487539
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
by Request
CAP Approach
CAP
$45.38M
Comparable Approach
Comparable
$45.22M
Blend (final)
Blend
$43.38M
Owner & transaction history
Rexford Industrial 21415 Pummer LLC · 4 yrs held
Rexford Industrial 21415 Pummer LLC
since 2022
Last sale
$42.0M
7 recorded transactions
Zoning & alternative use
LAMR2 · Chatsworth, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$58.5M
+44.7%
Medical building
$57.5M
+42.2%
Retail stores
$48.5M
+19.9%
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
$42,265,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$49,160,000
6.5%
$45,375,000
7%
$42,135,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$40,435,000
Current use
AUTO REPAIR, GARAGE
$58,510,000
Change: +45% · Conversion: Difficult
MEDICAL BUILDING
$57,505,000
Change: +42% · Conversion: Easy
RETAIL STORES
$48,480,000
Change: +20% · Conversion: Moderate
COMMERCIAL (GENERAL)
$39,085,000
Change: -3% · Conversion: Easy
WAREHOUSE, STORAGE
$33,495,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$43.38M
Range $39.04M – $47.71M · ±10% · vs last sale $42.00M (Feb 25 2022)
Last sale anchor
$42.00M
Feb 25 2022
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
$343 / 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
$330,413
Tax year 2024
Assessed value
$26,114,040
Assessed 2024
Previous assessed
$26,114,040
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$8,739,360
Assessed improvement
$17,374,680
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1985
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
126,497 SF
Lot
3.87 ac (168,425 SF)
Zoning code
LAMR2
APN
2746-015-014
UPID
US09-8487539
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
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$40.4M
AUTO REPAIR, GARAGE
Est. value
$58.5M
MEDICAL BUILDING
Est. value
$57.5M
RETAIL STORES
Est. value
$48.5M
COMMERCIAL (GENERAL)
Est. value
$39.1M
WAREHOUSE, STORAGE
Est. value
$33.5M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
1985
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
3.87 ac
Current owner
From public records · entity-resolved
Rexford Industrial 21415 Pummer LLC
Entity
Free & Clear · 4 yrs held
Mailing address
11620 WILSHIRE BLVD10THFL, LOS ANGELES, CA 90025-1706
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
33 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2022
$42,000,000
Rexford Industrial 21415 Pummer LLC
Laramar Chatsworth Associates LLC
Grant Deed
—
Jul 30, 2020
—
Laramar Chatsworth Assocs LLC
—
Deed
related
$20,075,000 · Fifth Third Bk NA
Jun 28, 2017
$29,137,500
Laramar Chatsworth Associates LLC
Gecmc 2005-c2 Flummer Office Limite
Grant Deed
$20,075,000 · Mb Financial Bank NA
Aug 24, 2012
$9,225,165
Gecmc 2005-c2 Plummer Office L
Patterson Mark L
Trustees Deed
related
—
Nov 10, 2011
$20,818,763
Gecmc 2005-c2 Plummer Office L
Peterson Mark L
Trustees Deed
related
—
Dec 28, 2005
—
Yuen Jackson C K & P K Trust
Yuen,jackson C K & Penny K
Quit Claim Deed
related
—
Mar 31, 2005
$299,500
Nnn Chatsworth Busn Park 36 Ll
Nnn Chatsworth Busn Park LLC
Grant Deed
—
Mar 31, 2005
$319,000
Nnn Chatsworth Busn Park 7 LLC
Nnn Chatsworth Busn Park LLC
Grant Deed
—
Mar 31, 2005
$279,500
Nnn Chatsworth Busn Park 32 Ll
Nnn Chatsworth Busn Park LLC
Grant Deed
—
Mar 31, 2005
$797,500
Nnn Chatsworth Busn Park 19 Ll
Nnn Chatsworth Busn Park LLC
Grant Deed
—
Mar 31, 2005
$159,500
Nnn Chatsworth Busn Park 26 Ll
Nnn Chatsworth Busn Park LLC
Grant Deed
—
Mar 31, 2005
$558,500
Nnn Chatsworth Busn Park 3 LLC
Nnn Chatsworth Busn Park LLC
Grant Deed
—
Mar 31, 2005
$239,500
Nnn Chatsworth Busn Park 37 Ll
Nnn Chatsworth Busn Park LLC
Grant Deed
—
Mar 31, 2005
$2,073,500
Nnn Chatsworth Busn Park 1 LLC
Nnn Chatsworth Busn Park LLC
Grant Deed
—
Mar 31, 2005
$758,000
Nnn Chatsworth Busn Park 2 LLC
Nnn Chatsworth Busn Park LLC
Grant Deed
—
Mar 31, 2005
$638,000
Nnn Chatsworth Busn Park 12 Ll
Nnn Chatsworth Busn Park LLC
Grant Deed
—
Mar 31, 2005
$439,000
Nnn Chatsworth Busn Park 15 Ll
Nnn Chatsworth Busn Park LLC
Grant Deed
—
Mar 31, 2005
$219,500
Nnn Chatsworth Busn Park 28 Ll
Nnn Chatsworth Busn Park LLC
Grant Deed
—
Mar 31, 2005
$379,000
Nnn Chatsworth Busn Park 29 Ll
Nnn Chatsworth Busn Park LLC
Grant Deed
—
Mar 31, 2005
$359,000
Nnn Chatsworth Busn Park 25 Ll
Nnn Chatsworth Busn Park LLC
Grant Deed
—
Mar 31, 2005
—
Nnn Chatsworth Busn Park LLC
Chatswood Investors LLC
Quit Claim Deed
related
$33,750,000 · German American Capital Corp
Mar 31, 2005
$498,500
Nnn Chatsworth Busn Park 33 Ll
Nnn Chatsworth Busn Park LLC
Grant Deed
—
Mar 31, 2005
$698,000
Nnn Chatsworth Busn Park 22 Ll
Nnn Chatsworth Busn Park LLC
Grant Deed
—
Mar 31, 2005
$658,000
Nnn Chatsworth Busn Park 21 Ll
Nnn Chatsworth Busn Park LLC
Grant Deed
—
Mar 31, 2005
$1,256,500
Nnn Chatsworth Busn Park 31 Ll
Nnn Chatsworth Busn Park LLC
Grant Deed
—
Mar 31, 2005
$1,156,500
Nnn Chatsworth Busn Park 14 Ll
Nnn Chatsworth Busn Park LLC
Grant Deed
—
May 14, 2001
—
Chatswood Investors LLC
Ctf-17 Chatsworth LLC
Quit Claim Deed
related
$24,305 · General Electric Capital Corp
Apr 10, 2001
—
—
—
Quit Claim Deed
related
—
Dec 16, 1999
$10,250,000
Ctf 17 Chatsworth LLC
—
Grant Deed
related
—
Dec 16, 1999
—
Ctf-17 Chatsworth LLC
—
Grant Deed
related
$10,890,000 · Fremont Investment & Loan
—
—
Laramar Chatsworth Assocs LLC
—
Loan Modification
related
$20,075,000 · Fifth Third Bk NA
—
—
Dalla Greenville
—
Deed Of Trust
related
$26,000,000 · Govt Singapore I
—
—
Dalla Greenville
—
Deed Of Trust
related
$25,600,000 · Development Bk S
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
