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Property profile & analytics
OFF-MARKET
Estimated value
$2,940,000
Office buildings
22024 Lassen St Chatsworth, CA 91311-3600
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8487549
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Construction
WOOD
Total area
12,000 SF
Lot
0.66 ac (28,709 SF)
Zoning code
LAC2
APN
2727-012-043
UPID
US09-8487549
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
-
Electrician Services Chatsworth Electrical Service General Contractor
-
M & I Wholesale Trade Big Box & Wholesale Store
-
Krupka Family Insurance Agency, Inc. - Allstate Insurance Insurance Agency
-
Phillipp & Associates Insurance Services Inc Insurance Agency
-
Dentistry U Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.05M
Blend (final)
Blend
$2.94M
Owner & transaction history
Mmv LLC · 6 yrs held
Mmv LLC
since 2019
5 recorded transactions
Zoning & alternative use
LAC2 · Chatsworth, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.6M
+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
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
OFFICE BUILDING
$3,835,000
Current use
RETAIL STORES
$4,600,000
Change: +20% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,710,000
Change: -3% · Conversion: Easy
WAREHOUSE, STORAGE
$3,175,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$2.94M
Range $2.65M – $3.23M · ±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
$245 / 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
$36,260
Tax year 2024
Assessed value
$2,830,611
Assessed 2024
Previous assessed
$2,830,611
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$2,144,403
Assessed improvement
$686,208
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
Off-Market
Year built
1980
Construction
WOOD
Heating
NONE
Stories
1
Total area
12,000 SF
Lot
0.66 ac (28,709 SF)
Zoning code
LAC2
APN
2727-012-043
UPID
US09-8487549
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC2 · Chatsworth, CAZoning LAC2 · permitted uses
LAC2 · 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
$3.8M
RETAIL STORES
Est. value
$4.6M
COMMERCIAL (GENERAL)
Est. value
$3.7M
WAREHOUSE, STORAGE
Est. value
$3.2M
OFFICE BUILDING Current
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
1980
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.66 ac
Current owner
From public records · entity-resolved
Mmv LLC
Entity
Mailing address
7317 RESEDA BLVD, RESEDA, CA 91335-8122
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Aug 28, 2019
$1,550,000
Mmv LLC
22024 Lassen LLC
Grant Deed
$900,000 · 22024 Lassen LLC
Nov 25, 2015
$1,480,000
22024 Lassen LLC
Bill & Carleen Glasser LLC
Grant Deed
—
Jun 29, 2006
$1,650,000
Bill & Carleen Glasser LLC
William Glasser Institute
Grant Deed
$975,000 · Centennial Bank
Apr 26, 1991
$536,827
Chatsworth Realt
Lassen I Enterpr
Grant Deed
related
$217,500 · Seller
—
—
Bill & Carleen Glasser LLC
—
Deed Of Trust
related
$897,036 · Glasser Family Trust (pt)
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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