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Property profile & analytics
FOR SALE
Warehouses
9142 Independence Ave Chatsworth, CA 91311
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8478693
For Sale
$9,799,000
9142 Independence Ave, Chatsworth, CA 91311
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1985
Construction
TILT-UP CONCRETE
Total area
27,670 SF
Lot
1.24 ac (53,975 SF)
Zoning code
LAMR2
APN
2746-009-032
UPID
US09-8478693
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
-
EwasteWiz Recycling Center Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.46M
CAP Approach
CAP
$5.54M
Comparable Approach
Comparable
$10.48M
Blend (final)
Blend
$9.09M
Owner & transaction history
9142 Independence LLC · 4 yrs held
9142 Independence LLC
since 2021
Last sale
$8.8M
7 recorded transactions
Zoning & alternative use
LAMR2 · Chatsworth, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$12.8M
+74.7%
Medical building
$12.6M
+71.7%
Retail stores
$10.6M
+44.8%
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 Chatsworth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chatsworth 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
$10,475,000
ML approach
$10,455,000
CAP Approach
CAP Return
Estimation
6%
$6,000,000
6.5%
$5,540,000
7%
$5,145,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$7,325,000
Current use
AUTO REPAIR, GARAGE
$12,800,000
Change: +75% · Conversion: Easy
MEDICAL BUILDING
$12,580,000
Change: +72% · Conversion: Difficult
RETAIL STORES
$10,605,000
Change: +45% · Conversion: Moderate
OFFICE BUILDING
$8,845,000
Change: +21% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,550,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$9.09M
Range $8.18M – $10.00M · ±10% · vs last sale $8.80M (Dec 6 2021)
Last sale anchor
$8.80M
Dec 6 2021
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
$329 / 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
$114,010
Tax year 2024
Assessed value
$9,155,520
Assessed 2024
Previous assessed
$9,155,520
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$6,242,400
Assessed improvement
$2,913,120
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
For Sale
Year built
1985
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
27,670 SF
Lot
1.24 ac (53,975 SF)
Zoning code
LAMR2
APN
2746-009-032
UPID
US09-8478693
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAMR2 · Chatsworth, CA
Zoning LAMR2 · permitted uses
LAMR2 · Chatsworth, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chatsworth. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$7.3M
AUTO REPAIR, GARAGE
Est. value
$12.8M
MEDICAL BUILDING
Est. value
$12.6M
RETAIL STORES
Est. value
$10.6M
OFFICE BUILDING
Est. value
$8.8M
COMMERCIAL (GENERAL)
Est. value
$8.6M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (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
1985
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
1.24 ac
Current owner
From public records · entity-resolved
9142 Independence LLC
Entity
Mailing address
14144 VENTURA BLVD STE #255, SHERMAN OAKS, CA 91423-2723
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 26, 2025
—
9142 Independence LLC
—
Deed
related
$1,100,000 · Tina Odjaghian 2018 Trust
May 23, 2023
—
9142 Independence LLC
—
Deed
related
$600,000 · Forbix Capital Corp
Dec 6, 2021
$8,800,000
9142 Independence LLC
Spar Investment Company LLC
Grant Deed
$4,446,000 · Cit Bank NA
Dec 6, 2021
$4,446,000
Cit Bank NA
9142 Independence LLC
Assignment Of Lease (leasehold Sale)
related
$3,556,800 · Cit Bank NA
Dec 6, 2021
—
Cit Bank NA
9143 Independence LLC
Assignment Of Lease (leasehold Sale)
related
—
Feb 14, 1996
—
Spar Investment Co
—
Deed Of Trust
related
$1,950,000 · Safeco Life Insurance Co
Oct 28, 1971
—
—
—
Grant Deed
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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