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Property profile & analytics
OFF-MARKET
Estimated value
$840,000
Retail space
21627 Devonshire St Chatsworth, CA 91311-2902
Individually Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-7975293
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1950
Construction
TILT-UP CONCRETE
Total area
3,500 SF
Lot
0.25 ac (10,999 SF)
Zoning code
LAC2
APN
2722-009-005
UPID
US09-7975293
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$840k
Owner & transaction history
Bijan Saeidian · 11 yrs held
Bijan Saeidian
since 2015
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,340,000
Current use
OFFICE BUILDING
$1,120,000
Change: -17% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,080,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$840k
Range $756k – $924k · ±10%
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
$240 / 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
$12,017
Tax year 2024
Assessed value
$929,477
Assessed 2024
Previous assessed
$929,477
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$554,036
Assessed improvement
$375,441
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1950
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
3,500 SF
Lot
0.25 ac (10,999 SF)
Zoning code
LAC2
APN
2722-009-005
UPID
US09-7975293
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
RETAIL STORES Current
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.1M
RETAIL STORES Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1950
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
Bijan Saeidian
Individual
Free & Clear · 11 yrs held
Mailing address
18100 LK ENCINO DR, ENCINO, CA 91316-4434
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 28, 2015
—
Bijan Saeidian
Saeidian,bijan
Quit Claim Deed
related
—
Nov 15, 2013
—
Bijan Saeidian
Saeidian,niloofar
Quit Claim Deed
related
$539,000 · Bank Of America
Nov 15, 2013
$768,000
Bijan Saeidian
Schuchmacher,shala & Beverly
Grant Deed
—
Mar 7, 2006
$940,000
Shaia Schuchmacher
Innerspace Floor Coverings INC
Grant Deed
$736,000 · Bank Of America
Mar 7, 2006
—
Innerspace Floor Coverings INC
Fayazrad,hamid
Grant Deed
—
Apr 12, 2005
$810,000
Hamid Fayazrad
Lee,chang S & Jenny S
Grant Deed
$754,000 · Southwest Community Bank
May 27, 2003
$560,000
Chang S Lee
Moretti,marlene
Grant Deed
$300,000 · International Bank California
Mar 25, 2003
—
Marlene Moretti
Carbajal,cesar A
Quit Claim Deed
related
$300,000 · Americus Financial Corp
Mar 1, 2001
$400,000
Marlene Moretti
Politis,epminodas & Lambrini
Grant Deed
—
—
—
Marlene Moretti
—
Deed Of Trust
related
$280,000 · Individual
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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