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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    22708 Ventura Blvd Woodland Hills, CA 91364-1333

    • Office buildings
    • 1,088 SF
    • 0.07 lot acres
    OFF-MARKET
    Last Sale
    Sep 08, 2022
    $1,083,010
    Value Estimations
    $1,095,000
    Show details
    Cap Rate Potential
    2.3%
    Office buildings
    Location Intelligence
    Property ID
    US09-8144857
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office buildings

    Property Details for 22708 Ventura Blvd

    Year built
    1955
    Construction
    WOOD
    Lot size
    0.07 lot acres
    Property size
    1,088 SF
    Zone code
    LAC4
    Property type
    Office buildings
    APN
    2040-031-003
    APU
    2040031003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,090,000
      ML approach
      $1,130,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $660,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Woodland Hills
    County
    Los Angeles
    State
    California
    Longitude
    -118.621
    Latitude
    34.1664
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $13,538
    $900,660
    $204,000
    $1,104,660
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $7,360,000
      42,293 SF

      23241 Ventura Blvd Ste, Unit 100

      OFFICE BUILDING • 42,293 SF
      23241 Ventura Blvd Ste, Woodland Hills, CA 91364-1000
      View Details
    • Value Estimation
      $925,000
      4,362 SF

      21331 Costanso St

      OFFICE BUILDING • 4,362 SF
      21331 Costanso St, Woodland Hills, CA 91364-2035
      View Details
    • Value Estimation
      $1,040,000
      4,032 SF

      23018 Ventura Blvd

      OFFICE BUILDING • 4,032 SF
      23018 Ventura Blvd, Woodland Hills, CA 91364-1106
      View Details
    • Value Estimation
      $1,060,000
      3,650 SF

      5323 Topanga Cyn Blvd

      OFFICE BUILDING • 3,650 SF
      5323 Topanga Cyn Blvd, Woodland Hills, CA 91364-1719
      View Details
    • Value Estimation
      $1,790,000
      7,778 SF

      23047 Ventura Blvd

      OFFICE BUILDING • 7,778 SF
      23047 Ventura Blvd, Woodland Hills, CA 91364-1133
      View Details
    • Value Estimation
      $875,000
      4,622 SF

      22949 Ventura Blvd

      PROFESSIONAL BUILDING • 4,622 SF
      22949 Ventura Blvd, Woodland Hills, CA 91364-1245
      View Details

    Similar Nearby for Sale

    • $29,000,000
      4,069 SF

      Commercial Office Building For Sale

      4,069 sqft commercial office building with balconies and patio.
      21112 Ventura Blvd, Woodland Hills, CA 91364
      View Details
    • $1,995,000
      3,462 SF

      Remodeled Office Building in Woodland Hills

      Remodeled professional office building with prime location and ample parking.
      19825 Ventura Blvd, Woodland Hills, CA 91364
      View Details
    • Contact for pricing
      17,032 SF

      Woodland Hills Medical Office Building

      17,032 SF Medical Office, Owner/User Opportunity
      5348 Topanga Cyn Blvd, Los Angeles, CA 91364
      View Details
    • $125,000

      Established Deli in Woodcourt Building

      Deli Bro's with high foot traffic, catering, and delivery.
      20301 Ventura Blvd, Woodland Hills, CA 91364
      View Details
    • $299,000

      Land For Sale

      Land available for sale.
      4314 N Canoga Dr, Woodland Hills, CA 91364
      View Details
    • $1,500,000

      4.5 Acres on Topanga Canyon

      Land with high visibility and development potential in Woodland Hills.
      1 N Topanga Canyon Blvd, Woodland Hills, CA 91364
      View Details

    Similar Nearby for Lease

    • $2.00 SF/Yr
      80,589 SF

      Office Space in Los Angeles

      Office space available for lease in Los Angeles.
      20501 Ventura Blvd, Woodland Hills, CA 91364
      View Details
    • $27 SF/Yr
      26,028 SF

      Winnetka Square Retail Spaces

      Prime Ventura Blvd location; multiple suites available.
      19930-19960 Ventura Blvd, Los Angeles, CA 91364
      View Details
    • $18 SF/Yr
      54,105 SF

      Woodland Hills Executive Suites

      Prestigious Office Space Available Now
      21241-21243 Ventura Blvd, Los Angeles, CA 91364
      View Details
    • $0.17 SF/Yr
      54 SF

      Woodland Hills Office Space Available

      Office space available for rent in Woodland Hills, California.
      21241-21243 Ventura Blvd, Woodland Hills, CA 91364
      View Details
    • $1.95 SF/Yr
      5,580 SF

      Ventura Blvd Office Space Available

      Upstairs office space with excellent street visibility and easy freeway access.
      22713 Ventura Blvd, Woodland Hills, CA 91364
      View Details
    • $18 SF/Yr
      61,341 SF

      Ventura Blvd Executive Office Suites

      Woodland Hills office space, fully renovated.
      20335 Ventura Blvd, Los Angeles, CA 91364
      View Details
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    22708 Ventura Blvd
    Woodland Hills, CA 91364-1333
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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