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Property profile & analytics
OFF-MARKET
Estimated value
$2,545,000
Commercial land
23115 Sherman Pl West Hills, CA 91307-2006
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7687261
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.64 ac (27,992 SF)
Zoning code
LACR
APN
2021-014-044
UPID
US09-7687261
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
$2.67M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.55M
Owner & transaction history
23115 Sherman LP · 3 yrs held
23115 Sherman LP
since 2023
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
LACR · West Hills, 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 West Hills submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Hills 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
$2,420,000
ML approach
$2,670,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.55M
Range $2.29M – $2.80M · ±10% · vs last sale $2.55M (Jan 24 2023)
Last sale anchor
$2.55M
Jan 24 2023
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
—
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
$36,175
Tax year 2024
Assessed value
$2,959,491
Assessed 2024
Previous assessed
$2,959,491
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$2,959,491
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.64 ac (27,992 SF)
Zoning code
LACR
APN
2021-014-044
UPID
US09-7687261
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LACR · West Hills, CA
Zoning LACR · permitted uses
LACR · West Hills, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Hills. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
0.64 ac
Current owner
From public records · entity-resolved
23115 Sherman LP
Entity
Mailing address
18653 VENTURA BLVDPMB333, TARZANA, CA 91356-4103
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2023
—
23115 Sherman LP
23115 Sherman LLC
Intrafamily Transfer
related
$3,000,000 · East West Bank
Aug 27, 2018
—
23115 Sherman LLC
—
Deed
related
$3,000,000 · East West Bank
Jul 28, 2017
—
23115 Sherman LLC
—
Deed
related
$2,745,000 · East West Bank
Jun 17, 2016
—
23115 Sherman LLC
—
Deed
related
$1,100,000 · Lone Oak Fund
Nov 10, 2015
$2,550,000
23115 Sherman LLC
Lulu Investments LLC
Grant Deed
—
Jul 16, 2008
—
Lulu Investments LLC
West Hills Cmnty Medical Ctr
Quit Claim Deed
related
—
Oct 17, 2006
—
Lulu Investments LLC
Horizon 26 LLC
Grant Deed
—
Nov 21, 2005
—
Horizon 26 LLC
Jg Family Trust
Grant Deed
—
Sep 29, 2005
$806,500
Jg Family Trust
Sherman Place LLC
Grant Deed
$250,000 · Saleh Shalomi
Aug 20, 2004
$600,000
Sherman Place LLC
Dirickx Global LLC
Grant Deed
—
Aug 6, 2004
—
Dirickx Global LLC
Dirickx,golchin
Quit Claim Deed
related
—
Nov 29, 2000
$363,318
Golchin Dirickx
Sys Ltd
Grant Deed
—
—
—
Sys Ltd
—
Deed Of Trust
related
$250,000 · Individual
—
—
23115 Sherman LLC
—
Deed Of Trust
related
$1,100,000 · Lone Oak Fund
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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