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Property profile & analytics
OFF-MARKET
Estimated value
$1,865,000
Medical Office Space
1017 Pacific Ave Glendale, CA 91202-2313
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6354192
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2010
Construction
WOOD
Total area
1,700 SF
Lot
0.12 ac (5,191 SF)
Zoning code
GLC3*
APN
5636-005-033
UPID
US09-6354192
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
-
Massih Orthodontics Dental Office
-
Araksy Avakian, DMD, MDS Dental Office
-
HairCode Beauty Supply & Salon Hair Salon Nail Salon
-
G D Moore & Co Design Architect
-
Dr. Karmen Massih Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.82M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.26M
Blend (final)
Blend
$1.87M
Owner & transaction history
Pacific Property LLC · 4 yrs held
Pacific Property LLC
since 2022
Last sale
$1.9M
6 recorded transactions
Zoning & alternative use
GLC3* · Glendale, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Glendale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glendale 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
$1,885,000
ML approach
$1,820,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.87M
Range $1.68M – $2.05M · ±10% · vs last sale $1.88M (Jun 15 2022)
Last sale anchor
$1.88M
Jun 15 2022
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
$1,097 / 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
$21,538
Tax year 2024
Assessed value
$1,955,951
Assessed 2024
Previous assessed
$1,955,951
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$1,173,571
Assessed improvement
$782,380
Applied tax rate
4.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2010
Construction
WOOD
Heating
NONE
Stories
1
Units
2
Total area
1,700 SF
Lot
0.12 ac (5,191 SF)
Zoning code
GLC3*
APN
5636-005-033
UPID
US09-6354192
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
GLC3* · Glendale, CA
Zoning GLC3* · permitted uses
GLC3* · Glendale, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Glendale. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2010
Construction
WOOD
Heating
NONE
Stories
1
Units
2
Lot
0.12 ac
Current owner
From public records · entity-resolved
Pacific Property LLC
Entity
Mailing address
3401 SIERRA GLN RD, GLENDALE, CA 91208-1629
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2022
—
Pacific Property LLC
—
Deed
related
$775,000 · Cdc Small Business Finance Corp
Jun 15, 2022
$1,880,000
Pacific Property LLC
Araksy Avakian
Grant Deed
$752,000 · Jpmorgan Chase Bank NA
Sep 19, 2006
—
Avakian Araksy Trust
Avakian,araksy
Quit Claim Deed
related
—
Sep 15, 2006
$980,000
Araksy Avakian
Moore Family Trust
Grant Deed
$500,000 · Moore Family Trust
Mar 1, 2006
—
Moore Family Trust
Moore,gary D & Brooke B
Quit Claim Deed
related
—
—
—
Avakian,araksy
—
Deed Of Trust
related
$500,000 · Moore Family Trust
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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