Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Leased Office Building in Glendale Title is generated by Realmo AI

    1291 Los Angeles St, Glendale, CA

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    100% leased office building. No current availability.

    Type:OFFICE
    Lot size:
    4.92 Acres
    Added:
    May 21, 2024
    Days on Market:
    748
    Last Refresh:
    May 20 at 9:04 pm

    Property Features for 1291 Los Angeles St

    General Information

    Standard status
    Active
    Lot size
    4.92 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 1291 Los Angeles St Contact us

    We can help!

    Listing Contact
    Michael Maniscalchi

    Listing agent Michael Maniscalchi

    Listing office Systems Real Estate Management, Inc.

    Listing date May 21, 2024

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Systems Real Estate Management, Inc.

    HighLights

    • 100% Leased
    • No Current Availability

    Overview

    The property is an office building located in Glendale, California. It is currently 100% leased, and there is no current availability.
    Location Intelligence

    Current Use by Public Records

    Glendale Pressure Washer Landscaping

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Glendale
    County
    Los Angeles
    State
    California
    Longitude
    -118.2633535
    Latitude
    34.1306611

    Nearby Similar for Lease

    • $3,400/Mo
      3,894 SF

      Upgraded Office Space in Glendale

      Bright, upgraded 980 sq ft office space for lease.
      530 W Glenoaks Boulevard, Glendale, CA 91202
      View Details
    • $144,000 SF/Yr
      8,500-12,000 SF

      Metropol Event Venue

      Elegant event venue in Glendale, serving Los Angeles County.
      701 S Central Ave, Glendale, CA 91204
      View Details
    • $2,000/Mo
      438 SF

      Prime La Crescenta Commercial Space

      438 sq ft commercial space in prime location.
      4050 La Crescenta Ave B, Glendale, CA 91214
      View Details
    • $129-$5,737/Mo
      11-1,292 SF

      Downtown Glendale

      201 Brand Blvd, Unit 200, Glendale, CA 91203
      View Details
    • Sponsored
      $129-$5,738/Mo
      11-1,292 SF

      Brand Boulevard

      450 Brand Blvd, Unit 600, Glendale, CA 91203
      View Details
    • $129-$6,916/Mo
      11-1,292 SF

      Central Avenue

      655 Central Ave, Unit 17TH, Glendale, CA 91203
      View Details
    • $3 SF/Yr
      15,411 SF

      Full-Floor Office Suite

      Full floor office space on the fifth level with ample on-site parking and on-site security.
      225 W Broadway, Glendale, CA 91204
      View Details
    • $800/Mo
      258 SF

      Remodeled Office Space For Rent

      Recently remodeled office space in North Glendale, utilities included.
      3857 Foothill Blvd 17, Glendale, CA 91214
      View Details
    • $2,898/Mo

      Modern Office Suite Near Hospital

      Renovated Class A office suite near Adventist Health Glendale.
      1577 E Chevy Chase Dr 130, Glendale, CA 91206
      View Details
    • $6,185/Mo

      Industrial Unit with Office and Loading

      Industrial warehouse with office area, restroom, and ground-level loading plus unassigned parking.
      4718 San Fernando Rd, Glendale, CA 91204
      View Details
    • $6,150/Mo

      Glendale Office Suite with Parking

      Professional office suite in Glendale Woodlands with designated parking.
      2505 Canada Blvd 1, Glendale, CA 91208
      View Details
    • $4,235/Mo

      Freestanding Building on Glendale Avenue

      Commercial space in a high-visibility, two-tenant building for lease.
      1256 S Glendale Ave, Glendale, CA 91205
      View Details

    FAQs

    What type of property is this?
    Office building - 100% leased office building. No current availability.
    Where is this office building located?
    The property is located at 1291 Los Angeles St Glendale, CA.
    What are key features of this property?
    This property features: 100% Leased; No Current Availability
    (818) 427-9934 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Michael Maniscalchi
    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

    Thank You for Inquiry
    1291 Los Angeles St, Glendale, CA
    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!