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

    23111 Ventura Blvd Woodland Hills, CA 91364-1103

    • Medical offices
    • 12,228 SF
    • 0.56 lot acres
    OFF-MARKET
    Last Sale
    Apr 29, 2022
    $1,900,019
    Value Estimations
    $1,915,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6193597
    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

    • Medical offices

    Property Details for 23111 Ventura Blvd

    Year built
    1974
    Lot size
    0.56 lot acres
    Property size
    12,228 SF
    Zone code
    LACR
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    2042-011-067
    APU
    2042011067

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,905,000
      ML approach
      $1,955,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Woodland Hills
    County
    Los Angeles
    State
    California
    Longitude
    -118.629
    Latitude
    34.1639
    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
    $45,456
    $1,534,590
    $2,080,800
    $3,615,390
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $635,000
      3,080 SF

      5312 Comercio Ln

      MEDICAL BUILDING • 3,080 SF
      5312 Comercio Ln, Woodland Hills, CA 91364-2026
      View Details
    • Value Estimation
      $605,000
      3,632 SF

      19963 Ventura Blvd

      MEDICAL BUILDING • 3,632 SF
      19963 Ventura Blvd, Woodland Hills, CA 91364-2631
      View Details
    • Value Estimation
      $595,000
      3,816 SF

      5304 Topanga Cyn Blvd

      MEDICAL BUILDING • 3,816 SF
      5304 Topanga Cyn Blvd, Woodland Hills, CA 91364-1718
      View Details
    • Value Estimation by Request
      11,951 SF

      20251-20315 Ventura Blvd

      Medical offices • 11,951 SF
      20251-20315 Ventura Blvd, Los Angeles, CA 91364
      View Details
    • Value Estimation
      $27,500,000
      79,817 SF

      21711 Ventura Blvd

      HOMES (RETIRED, NURSING) • 79,817 SF
      21711 Ventura Blvd, Woodland Hills, CA 91364-1835
      View Details
    • Value Estimation by Request
      2,120 SF

      5313 Comercio Way

      HOMES (RETIRED, NURSING) • 2,120 SF
      5313 Comercio Way, Woodland Hills, CA 91364
      View Details

    Similar Nearby for Sale

    • 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
    • Contact for pricing
      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
    • $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
    • $325,000

      Land Available in Woodland Hills

      Land for sale in Woodland Hills, California.
      4254 N Canoga Ave, Woodland Hills, CA 91364
      View Details
    • $245,000
      0.30 Acres

      Ready-to-Build Lot with Approved Plans

      Land with approved plans for a single-family residence and ADU.
      4845 N Calderon Rd, Woodland Hills, CA 91364
      View Details
    • $1,149,999
      2,673 SF

      Woodland Hills Townhouse-Style Duplex

      Well-maintained duplex near freeways, schools, and shopping centers.
      22002 Ybarra Rd, Woodland Hills, CA 91364
      View Details

    Similar Nearby for Lease

    • $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
    • $2 SF/Yr
      46,994 SF

      Woodland Hills Office Space Available

      Remodeled office space with easy freeway access and many amenities.
      22801 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
    • $26 SF/Yr
      41,514 SF

      Ventura Blvd Executive Office Suites

      Prime Woodland Hills Office Space Available
      22801 Ventura Blvd, Los Angeles, CA 91364
      View Details
    • $2 SF/Yr
      11,037 SF

      Woodland Hills Office and Retail

      Office and retail spaces for lease in Woodland Hills.
      5353 Topanga Canyon Blvd, Woodland Hills, CA 91364
      View Details
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    23111 Ventura Blvd
    Woodland Hills, CA 91364-1103
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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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