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Property profile & analytics
OFF-MARKET
Estimated value
$2,785,000
Manufacturing properties
9171 Gazette Ave Chatsworth, CA 91311-5918
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8033363
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1967
Construction
TILT-UP CONCRETE
Total area
7,692 SF
Lot
0.22 ac (9,520 SF)
Zoning code
LAMR2
APN
2748-036-024
UPID
US09-8033363
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
-
Formula Motor Group Inc Car Dealership
-
Specialized Investigations Law Firm Security Service
-
Impact Products- Los Angeles Custom Corporate Promotional Imprinted Logo Gifts Marketing & Advertising
-
Caiia Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.71M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.28M
Blend (final)
Blend
$2.79M
Owner & transaction history
9171 Gazette Ave Chatsworth LLC · 3 yrs held
9171 Gazette Ave Chatsworth LLC
since 2023
Last sale
$3.1M
7 recorded transactions
Zoning & alternative use
LAMR2 · Chatsworth, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.6M
+101.5%
Medical building
$3.5M
+98.0%
Retail stores
$3.0M
+67.0%
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
$2,800,000
ML approach
$2,710,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,765,000
Current use
AUTO REPAIR, GARAGE
$3,560,000
Change: +101% · Conversion: Easy
MEDICAL BUILDING
$3,495,000
Change: +98% · Conversion: Difficult
RETAIL STORES
$2,950,000
Change: +67% · Conversion: Moderate
OFFICE BUILDING
$2,460,000
Change: +39% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,375,000
Change: +35% · Conversion: Difficult
Blend value · Realmo final
$2.79M
Range $2.51M – $3.06M · ±10% · vs last sale $3.06M (Jul 7 2023)
Last sale anchor
$3.06M
Jul 7 2023
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
$362 / 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
$37,828
Tax year 2024
Assessed value
$3,061,000
Assessed 2024
Previous assessed
$3,061,000
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$2,000,000
Assessed improvement
$1,061,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1967
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Total area
7,692 SF
Lot
0.22 ac (9,520 SF)
Zoning code
LAMR2
APN
2748-036-024
UPID
US09-8033363
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
INDUSTRIAL (GENERAL) Current
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$3.6M
MEDICAL BUILDING
Est. value
$3.5M
RETAIL STORES
Est. value
$3.0M
OFFICE BUILDING
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$2.4M
INDUSTRIAL (GENERAL) 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
1967
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
9171 Gazette Ave Chatsworth LLC
Entity
Mailing address
29077 STERLING LN, VALENCIA, CA 91354-3047
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2023
$3,061,500
9171 Gazette Ave Chatsworth LLC
9171 Gazette Ave LLC
Grant Deed
$2,605,600 · Wells Fargo Bank Northwest NA
Jun 8, 2021
—
Gazette Ave LLC
—
Deed
related
$1,015,000 · Southland Economic Development Corporati
May 21, 2021
$2,500,000
9171 Gazette Ave LLC
9171 Gazette Building LLC
Grant Deed
$1,250,000 · Banc Of California NA
May 21, 2021
—
Gazette Ave LLC
—
Deed
related
$1,000,000 · Banc Of California NA
Dec 13, 2016
—
9171 Gazette Building LLC
—
Trustees Deed
related
$1,116,500 · Wells Fargo Bk
Nov 14, 2012
$1,035,000
9171 Gazette Building LLC
3m3l LLC
Grant Deed
—
Apr 15, 2005
$1,200,000
3m3l LLC
Horowitz Family Trust
Grant Deed
$600,000 · Citibank West Fsb
Jul 30, 2003
—
Horowitz,tr
Levine,tr
Grant Deed
related
—
Jun 23, 1994
—
Levine Irving Joyce R Trustees
Levine,i&j R Tru
Quit Claim Deed
related
—
—
—
Levine Trust
—
Deed Of Trust
related
$208,000 · Imperial Thrift & Loan
—
—
9171 Gazette Building LLC
—
Deed Of Trust
related
$495,000 · Cdc Small Business Finance Co
—
—
Horowitz,tr
—
Deed Of Trust
related
$455,000 · City National Bank
—
—
3m3l LLC
—
Deed Of Trust
related
$494,000 · Cdc Small Business Finance Co
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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