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Property profile & analytics
OFF-MARKET
Estimated value
$4,265,000
Warehouses
21825 Nordhoff St Chatsworth, CA 91311-5712
Entity Owned
~
Est. High Equity
Property ID
US09-8487538
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1981
Construction
TILT-UP CONCRETE
Total area
14,715 SF
Lot
0.49 ac (21,463 SF)
Zoning code
LAMR2
APN
2746-012-002
UPID
US09-8487538
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
Current use
Occupant on record · Public records
-
Elder Care Inclusive Foundation Home Health Care Service
-
Good Vybes (Bike/Boat/Book/etc) Store
-
Mastering Studio Recording Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.95M
Comparable Approach
Comparable
$5.42M
Blend (final)
Blend
$4.27M
Owner & transaction history
21835 Nordhoff Street LLC
21835 Nordhoff Street LLC
since 2025
Last sale
$4.4M
5 recorded transactions
Zoning & alternative use
LAMR2 · Chatsworth, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.8M
+74.7%
Medical building
$6.7M
+71.7%
Retail stores
$5.6M
+44.8%
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%
$3,190,000
6.5%
$2,945,000
7%
$2,735,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,895,000
Current use
AUTO REPAIR, GARAGE
$6,805,000
Change: +75% · Conversion: Easy
MEDICAL BUILDING
$6,690,000
Change: +72% · Conversion: Difficult
RETAIL STORES
$5,640,000
Change: +45% · Conversion: Moderate
OFFICE BUILDING
$4,705,000
Change: +21% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,545,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$4.27M
Range $3.84M – $4.69M · ±10% · vs last sale $4.35M (Sep 30 2024)
Last sale anchor
$4.35M
Sep 30 2024
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
$290 / 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
$44,320
Tax year 2024
Assessed value
$3,513,612
Assessed 2024
Previous assessed
$3,513,612
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$2,048,091
Assessed improvement
$1,465,521
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1981
Construction
TILT-UP CONCRETE
Heating
NONE
Units
2
Bathrooms
1
Total area
14,715 SF
Lot
0.49 ac (21,463 SF)
Zoning code
LAMR2
APN
2746-012-002
UPID
US09-8487538
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAMR2 · Chatsworth, CA
Zoning LAMR2 · permitted uses
LAMR2 · 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
WAREHOUSE, STORAGE Current
Est. value
$3.9M
AUTO REPAIR, GARAGE
Est. value
$6.8M
MEDICAL BUILDING
Est. value
$6.7M
RETAIL STORES
Est. value
$5.6M
OFFICE BUILDING
Est. value
$4.7M
COMMERCIAL (GENERAL)
Est. value
$4.5M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
1981
Construction
TILT-UP CONCRETE
Heating
NONE
Units
2
Bathrooms
1
Lot
0.49 ac
Current owner
From public records · entity-resolved
21835 Nordhoff Street LLC
Entity
Mailing address
21825 NORDHOFF ST, CHATSWORTH, CA 91311-5712
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 24, 2025
—
21835 Nordhoff Street LLC
Antin Family Trust
Grant Deed
$2,175,000 · City National Bank
Dec 30, 2024
$4,350,000
Shawn Antin
Starbiz Equity Partners LLC
Grant Deed
$3,500,000 · Windsor Exchange Corporation
Dec 28, 2016
$3,088,000
Starbiz Equity Partners LLC
Iso Nordhoff Holdings LLC
Grant Deed
—
Jun 23, 2015
$2,310,000
Iso Nordhoff Holdings LLC
Billrite Company General Partnershi
Grant Deed
$952,000 · Business Finance Capital
—
—
Billrite Co
—
Deed Of Trust
related
$282,283 · 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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