Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    23511 Berdon St Woodland Hills, CA 91367-3005

    • Residential income homes
    • 3,152 SF
    • 0.25 lot acres
    OFF-MARKET
    Last Sale
    Jun 25, 2025
    Value Estimations
    $1,135,000
    Show details
    Cap Rate Potential
    3.8%
    Residential income homes
    Location Intelligence
    Property ID
    US09-6422973
    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

    • Residential income homes

    Property Details for 23511 Berdon St

    Year built
    1960
    Construction
    WOOD
    Lot size
    0.25 lot acres
    Property size
    3,152 SF
    Zone code
    LARE11
    Property type
    Residential income homes
    Property subtype
    Serviced apartments
    APN
    2044-005-020
    APU
    2044005020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,330,000
      ML approach
      $1,295,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $845,000
      6.5%
      $780,000
      7%
      $725,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,142,000
      Market price range: $435k - $1.14M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $795,000
      Current use
      AUTO REPAIR, GARAGE
      $1,460,000
      Change: +83% Conversion: Difficult
      MEDICAL BUILDING
      $1,435,000
      Change: +80% Conversion: Moderate
      RETAIL STORES
      $1,385,000
      Change: +74% Conversion: Difficult
      OFFICE BUILDING
      $1,015,000
      Change: +28% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $935,000
      Change: +17% Conversion: Moderate
      WAREHOUSE, STORAGE
      $925,000
      Change: +16% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Woodland Hills
    County
    Los Angeles
    State
    California
    Longitude
    -118.639
    Latitude
    34.1712
    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
    $17,450
    $900,000
    $500,000
    $1,400,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,787 SF

      22524 Victory Blvd

      BOARDING/ROOMING HOUSE • 2,787 SF
      22524 Victory Blvd, Woodland Hills, CA 91367-1738
      View Details
    • Value Estimation
      $40,595,000
      299,350 SF

      6200 De Soto Ave

      APARTMENT HOUSE (5+ UNITS) • 299,350 SF
      6200 De Soto Ave, Woodland Hills, CA 91367-2682
      View Details
    • Value Estimation
      $17,435,000
      173,362 SF

      22219 Smt Vue Dr

      APARTMENT HOUSE (5+ UNITS) • 173,362 SF
      22219 Smt Vue Dr, Woodland Hills, CA 91367-7244
      View Details
    • Value Estimation by Request
      153,432 SF

      22111 Calvert St

      APARTMENT HOUSE (5+ UNITS) • 153,432 SF
      22111 Calvert St, Woodland Hills, CA 91367-3550
      View Details
    • Value Estimation by Request
      302,865 SF

      6355 De Soto Ave

      APARTMENT HOUSE (5+ UNITS) • 302,865 SF
      6355 De Soto Ave, Woodland Hills, CA 91367-2614
      View Details
    • Value Estimation by Request
      153,480 SF

      22100 Erwin St

      APARTMENT HOUSE (5+ UNITS) • 153,480 SF
      22100 Erwin St, Woodland Hills, CA 91367-3441
      View Details

    Similar Nearby for Sale

    • $478,000

      Condominium with Resort-Style Amenities

      Two-bedroom condominium with extensive amenities in a gated community.
      21450 Burbank Blvd, Woodland Hills, CA 91367
      View Details
    • $639,990
      1,050 SF

      Modern Warner Center Apartment

      Luxurious 2-bedroom apartment with resort-style amenities and convenient location.
      21301 Erwin St, Woodland Hills, CA 91367
      View Details
    • $470,000

      Oxnard Street Multifamily Property

      Multifamily property for sale on Oxnard Street.
      22103 Oxnard St, Woodland Hills, CA 91367
      View Details
    • $1,299,000

      Warner Center Adjacent Opportunity

      Commercial/Office/Residential mixed-use property near Warner Center.
      22151 Clarendon St, Woodland Hills, CA 91367
      View Details
    • $2,000,000
      1,176 SF

      Auto Related Investment Opportunity

      Auto Related Investment Opportunity
      22802 W Oxnard St, Woodland Hills, CA 91367
      View Details
    • Contact for pricing
      349,925 SF

      Redevelopment Property in Los Angeles

      8.03-acre site near Topanga Mall and Rams Village.
      21155-21255 Califa St, Woodland Hills, CA 91367
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      115,263 SF

      Warner Center Towers: Premier Office Space

      Prestigious Woodland Hills office suites available.
      21550 Oxnard St, Los Angeles, CA 91367
      View Details
    • $2 SF/Yr
      21,025 SF

      Warner Center Prime Office Space

      Prestigious office space with high ceilings and building signage.
      21200-21204 Erwin St, Woodland Hills, CA 91367
      View Details
    • $2 SF/Yr
      360,720 SF

      Woodland Hills Office Space Available

      Office building in Woodland Hills offering space for rent.
      21010 Erwin St, Woodland Hills, CA 91367
      View Details
    • $7,200 /Mo
      2,627 SF

      Remodeled Office Space Sublease

      Remodeled office suite in iconic Woodland Hills Class A complex.
      6300 Canoga Ave 590, Woodland Hills, CA 91367
      View Details
    • $42 SF/Yr
      7,220 SF

      Woodland Park Dental Plaza Office Space

      Prime Woodland Hills Dental Office Space Available
      6024 Fallbrook Ave, Los Angeles, CA 91367
      View Details
    • $2 SF/Yr
      21,025 SF

      Warner Center Creative Office Space

      Free-standing building, 21,025 sq ft available
      21200-21204 Erwin St, Los Angeles, CA 91367
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    23511 Berdon St
    Woodland Hills, CA 91367-3005
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.