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Property profile & analytics
OFF-MARKET
Estimated value
$5,575,000
Warehouses
6022 Variel Ave Woodland Hills, CA 91367-3719
Entity Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6238509
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1971
Construction
TILT-UP CONCRETE
Total area
29,370 SF
Lot
1.21 ac (52,723 SF)
Zoning code
LAWC
APN
2149-005-021
UPID
US09-6238509
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
Current use
Occupant on record · Public records
-
Kimberly Ponton Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.88M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.58M
Owner & transaction history
Variel Avenue Associates LLC · 20 yrs held
Variel Avenue Associates LLC
since 2006
7 recorded transactions
Zoning & alternative use
LAWC · Woodland Hills, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$8.9M
+2.7%
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 Woodland Hills submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Woodland 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$6,370,000
6.5%
$5,880,000
7%
$5,460,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$8,630,000
Current use
INDUSTRIAL (GENERAL)
$8,860,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$5.58M
Range $5.02M – $6.13M · ±10%
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
$190 / SF
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
$88,218
Tax year 2024
Assessed value
$6,966,903
Assessed 2024
Previous assessed
$6,966,903
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$5,895,079
Assessed improvement
$1,071,824
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1971
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
29,370 SF
Lot
1.21 ac (52,723 SF)
Zoning code
LAWC
APN
2149-005-021
UPID
US09-6238509
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAWC · Woodland Hills, CA
Zoning LAWC · permitted uses
LAWC · Woodland Hills, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Woodland Hills. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$8.6M
INDUSTRIAL (GENERAL)
Est. value
$8.9M
WAREHOUSE, STORAGE Current
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1971
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
1.21 ac
Current owner
From public records · entity-resolved
Variel Avenue Associates LLC
Entity
Mailing address
27200 AGOURA RD STE #201, CALABASAS, CA 91301-5138
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 8, 2006
$10,500,000
Variel Avenue Associates LLC
Anand Raj & N 1990 Trust
Grant Deed
$7,350,000 · Countrywide Com'l R E Fin
Jun 7, 2004
—
Anand,tr
—
Deed Of Trust
related
$2,938,355 · Santa Barbara Bank & Trust
Feb 14, 2002
—
Anand Trust
—
Deed Of Trust
related
$5,000,000 · Woodman Of The World Life Ins
Oct 24, 1997
—
Anand Trust
—
Deed Of Trust
related
$2,800,000 · Bank Of America
Oct 15, 1970
$92,500
—
—
Grant Deed
related
—
—
—
Anand Trust
—
Deed Of Trust
related
$297,800 · Us Small Business Admn
—
—
Anand Trust
—
Deed Of Trust
related
$203,400 · Us Small Business Admn
—
—
Raj Anand
—
Deed Of Trust
related
$203,400 · Us Small Business Admn
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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