Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    23538 Calabasas Rd Calabasas, CA 91302-1310
    Back to Search
    Property profile & analytics

    23538 Calabasas Rd, Calabasas, CA 91302-1310

    View on Map
    • Retail space
    • 2,372 SF
    • 0.14 lot acres
    Off-Market
    Property ID
    US09-8669516
    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.
    Value Estimations
    $650,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Cardinal Drywall & Painting / Painting
    • The Mulholland / Restaurant

    Property Details for 23538 Calabasas Rd

    Year built
    1919
    Construction
    WOOD
    Lot size
    0.14 lot acres
    Zone code
    CSCT*
    Property type
    Retail space
    APN
    2068-004-061
    APU
    2068004061

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 27, 2025 — Calabasas Property LLC — Deed · related $2M · Evertrust Bank
    Aug 14, 2018 — Calabasas Property LLC — Deed · related $3M · Steven M Roth
    Oct 17, 2017 — Calabasas Property LLC — Deed · related $1.9M · Calabasas Property LLC Calabasas Property LLC
    Feb 8, 2010 — Calabasas Property LLC Rosenson,bernard & Cynthia Grant Deed —
    Aug 27, 2004 — Bernard Rosenson — Deed Of Trust · related $2.1M · Wells Fargo Bank
    Aug 5, 1998 $520,000 Bernard Rosenson Boone,robert H & Mary J Grant Deed $400k · Seller
    — — Mary J Boone — Deed Of Trust · related $40k · Marina State Bank
    — — Calabasas Property LLC — Deed Of Trust · related $1.9M · Calabasas Property LLC Calabasas Property LLC
    — — Calabasas Property LLC — Deed Of Trust · related $3M · Steven M Roth

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $875,000
      6.5%
      $805,000
      7%
      $750,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $910,000
      Current use
      MEDICAL BUILDING
      $1,080,000
      Change: +19% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $735,000
      Change: -19% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Calabasas
    County
    Los Angeles
    State
    California
    Longitude
    -118.64
    Latitude
    34.1569
    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
    $9,486
    $591,733
    $207,482
    $799,215
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,650,000
      11,004 SF

      4955 Las Virgenes Rd

      RETAIL STORES (PERSONAL SERVICES)
      4955 Las Virgenes Rd, Calabasas, CA 91302-1913
      View Details
    • Value Estimation
      $970,000
      4,000 SF

      23575 Park S St

      RETAIL STORES (PERSONAL SERVICES)
      23575 Park S St, Calabasas, CA 91302-2026
      View Details
    • Value Estimation by Request
      420 SF

      24353 Calabasas Rd

      RETAIL STORES (PERSONAL SERVICES)
      24353 Calabasas Rd, Calabasas, CA 91302-1516
      View Details
    • Value Estimation
      $2,200,000
      5,260 SF

      23917 Craftsman Rd

      RETAIL STORES (PERSONAL SERVICES)
      23917 Craftsman Rd, Calabasas, CA 91302-1438
      View Details
    • Value Estimation
      $3,455,000
      11,556 SF

      4774 Park Granada

      RETAIL STORES (PERSONAL SERVICES)
      4774 Park Granada, Calabasas, CA 91302-1550
      View Details
    • Value Estimation by Request
      372 SF

      24353 Calabasas Rd

      RETAIL STORES (PERSONAL SERVICES)
      24353 Calabasas Rd, Calabasas, CA 91302-1516
      View Details

    Similar Nearby for Sale

    • $599,999
      426,017.00 Acres

      Calabasas Vacant Land Opportunity

      9.78-acre vacant land in a luxury Calabasas enclave.
      25858 Mulholland Hwy, Calabasas, CA 91302
      View Details
    • $699,000
      10.25 Acres

      Calabasas Canyon Estate Land

      Rare 10-acre estate site in exclusive Calabasas enclave.
      Stokes Canyon Rd, Calabasas, CA 91302
      View Details
    • $12,999,000

      Calabasas Office Space For Sale

      Creative office space with easy freeway access in Calabasas.
      26050 Mureau Rd, Calabasas, CA 91302
      View Details
    • $4,125,000
      11.71 Acres

      Calabasas Land Development Opportunity

      11.7-acre homesite with approved plans for a 10,000 sq ft estate.
      25807 Abercrombie Ln, Calabasas, CA 91302
      View Details

    Similar Nearby for Lease

    • $0.19 SF/Yr
      4,739 SF

      Retail Space in Calabasas Plaza

      Retail space available in a busy Calabasas shopping center.
      26500 W Agoura Rd, Calabasas, CA 91302
      View Details
    • Contact for pricing

      Retail/Restaurant Space Available

      Retail or restaurant space for lease in Calabasas, CA.
      22279 Mulholland Hwy, Calabasas, CA 91302
      View Details
    • Contact for pricing

      Calabasas Retail Space Available

      Retail spaces available in high-profile Calabasas shopping center.
      Calabasas Rd, Calabasas, CA 91302
      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.
    23538 Calabasas Rd
    Calabasas, CA 91302-1310
    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

    Thank You for Inquiry
    23538 Calabasas Rd, Calabasas, CA, 91302
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!