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

    23123 Ventura Blvd, Unit 107 Woodland Hills, CA 91364-1104

    • Office buildings
    • 12,902 SF
    • 0.41 lot acres
    OFF-MARKET
    Last Sale
    Apr 27, 2022
    $3,800,038
    Value Estimations
    $3,880,000
    Show details
    Cap Rate Potential
    9%
    Office buildings
    Location Intelligence
    Property ID
    US09-6327532
    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

    • Precision Green Builders / Construction Company
    • Hot Spotting Podcast / Real Estate Agency
    • Kern Therapy Website / Physician
    • Stephanie Singer / Marriage Or Relationship Counselor
    • Web Trends Digital / Marketing & Advertising / (Bike/Boat/Book/etc) Store

    Property Details for 23123 Ventura Blvd

    Year built
    1979
    Construction
    WOOD
    Lot size
    0.41 lot acres
    Property size
    12,902 SF
    Zone code
    LACR
    Property type
    Office buildings
    APN
    2042-011-069
    APU
    2042011069

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,350,000
      ML approach
      $3,440,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,015,000
      6.5%
      $4,630,000
      7%
      $4,300,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,252,000
      Market price range: $3.06M - $6.12M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $4,155,000
      Current use
      AUTO REPAIR, GARAGE
      $5,970,000
      Change: +44% Conversion: Difficult
      MEDICAL BUILDING
      $5,865,000
      Change: +41% Conversion: Easy
      RETAIL STORES
      $5,660,000
      Change: +36% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $3,895,000
      Change: -6% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $3,820,000
      Change: -8% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Woodland Hills
    County
    Los Angeles
    State
    California
    Longitude
    -118.63
    Latitude
    34.1636
    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
    $49,294
    $2,080,800
    $1,872,720
    $3,953,520
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $25,875,000
      181,548 SF

      21031 Ventura Blvd

      OFFICE BUILDING (MULTI-STORY) • 181,548 SF
      21031 Ventura Blvd, Woodland Hills, CA 91364-2203
      View Details
    • Value Estimation by Request
      880 SF

      22122 Ventura Blvd

      OFFICE BUILDING • 880 SF
      22122 Ventura Blvd, Woodland Hills, CA 91364-1648
      View Details
    • Value Estimation
      $2,525,000
      6,500 SF

      21202 Costanso St

      OFFICE BUILDING • 6,500 SF
      21202 Costanso St, Woodland Hills, CA 91364-2034
      View Details
    • Value Estimation
      $1,045,000
      3,802 SF

      23035 Ventura Blvd

      OFFICE BUILDING • 3,802 SF
      23035 Ventura Blvd, Woodland Hills, CA 91364-1114
      View Details
    • Value Estimation
      $4,740,000
      22,208 SF

      20350 Ventura Blvd

      OFFICE BUILDING • 22,208 SF
      20350 Ventura Blvd, Woodland Hills, CA 91364-2452
      View Details
    • Value Estimation
      $17,215,000
      60,788 SF

      20301 Ventura Blvd

      OFFICE BUILDING • 60,788 SF
      20301 Ventura Blvd, Woodland Hills, CA 91364-2447
      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
    • Contact for pricing
      17,032 SF

      Woodland Hills Medical Office Building

      17,032 SF Medical Office, Owner/User Opportunity
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    • $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
    • $350,000

      Woodland Hills Restaurant Opportunity

      Restaurant in shopping center with high annual sales.
      23349 Mulholand Dr, Woodland Hills, CA 91364
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    • $3,495,000

      Woodland Hills Specialty Property

      Specialty property in Woodland Hills available for sale.
      5201 Rigoletto St, Woodland Hills, CA 91364
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    • $325,000

      Land For Sale

      Land available for sale.
      4256 N Canoga Ave, 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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    Woodland Hills, CA 91364-1104
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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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