Add Listing
    For Sale
    • 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

    2 Pasa Glen Drive Glendale, CA 91208

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Land/Lot - Glendale, CA

    Lot size:
    4,070.00 Acres
    Added:
    Oct 26, 2023
    Days on Market:
    909
    Last Refresh:
    Apr 21 at 5:06 am

    Property Features for 2 Pasa Glen Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    GLRO
    Exterior features
    Community Features Included: Biking, Foothills
    Standard status
    Active
    APN
    5654026015
    Lot size
    4,070.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    MICHAEL HAKOPIAN
    MICHAEL HAKOPIAN

    Listing agent MICHAEL HAKOPIAN License #01924464

    Listing office SUNSET HOMES REAL ESTATE 21 N. WABASH AVE, REDLANDS, Redlands, CA

    Listing date Oct 26, 2023

    MLS# EV23198788 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Glendale Land Near Oakmont

    This land is situated in Glendale, California, and is located close to the Oakmont Country Club's exclusive homes. The lot size is approximately 0.09 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Building Supply Gym & Fitness Center Auto Repair Shop Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Glendale
    County
    Los Angeles
    State
    California
    Longitude
    -118.225308
    Latitude
    34.185962

    Nearby Similar for Sale

    • $6,500,000

      Architectural Office Building in Glendale

      Two-story, renovated office building on Canada Boulevard in Glendale.
      2505 Canada Boulevard, Glendale, CA 91208
      View Details
    • $150,000

      Established Salon on Colorado Street

      Operating Glendale beauty salon for sale with rental income.
      1358 E Colorado Street, Glendale, CA 91205
      View Details
    • $275,000

      Turnkey Bakery in Prime Location

      Profitable bakery with established customer base and growth potential.
      1250 W Glenoaks Boulevard, Glendale, CA 91201
      View Details
    • $4,495,000
      11,424 SF

      Glendale Multifamily Investment Opportunity

      Well-maintained 13-unit building in a desirable Glendale location.
      729 Raleigh St, Glendale, CA 91205
      View Details
    • $10,800,000
      25,480 SF

      Glendale Multifamily Investment Opportunity

      31-unit apartment building in Glendale with value-add potential.
      1818 Vassar St, Glendale, CA 91204
      View Details
    • $108,000

      Turn-Key Beauty Salon in Glendale

      Fully operational beauty salon with established branding in prime location.
      459 West Broadway, Glendale, CA 91204
      View Details
    • $550,000

      Glendale Hillside Development Opportunity

      Prime hillside lot with canyon and mountain views in Glendale.
      0 Arvin, Glendale, CA 91208
      View Details
    • $550,000

      Glendale Hillside Development Opportunity

      Prime hillside lot in Glendale with canyon and mountain views.
      0 Arvin, Glendale, CA 91208
      View Details
    • $150,000

      Glendale Land: Hillside Development Opportunity

      Rare Glendale hillside parcel with luxury residential potential and views.
      56606 Greenwich Rd, Glendale, CA 91206
      View Details
    • $150,000

      Glendale Land: Hillside Development Opportunity

      Residential land in Glendale with potential for luxury hillside development.
      55607 Greenwich, Glendale, CA 91206
      View Details
    • $300,000

      Glendale Restaurant Business Opportunity

      Fully operational poke restaurant in the heart of Glendale, California.
      106 W California Avenue, Glendale, CA 91203
      View Details
    • $350,000

      Glendale Land in Chevy Chase

      Rare opportunity to build in desirable Chevy Chase Canyon.
      2430 Drury Lane, Glendale, CA 91206
      View Details

    FAQs

    What type of property is this?
    Land - Land located near Oakmont Country Club in Glendale, California.
    Where is this land located?
    The property is located at 2 Pasa Glen Drive Glendale, CA.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Close proximity to the exclusive homes of Oakmont Country Club.; Foothills location.; Community features included: Biking.
    (909) 969-3902
    We can help!
    Listing Contact
    MICHAEL HAKOPIAN
    MICHAEL HAKOPIAN
    Real Estate License ID: 01924464
    Learn More
    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.
    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.
    Sign Up Successful!
    You now have access to more from Realmo!