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Property profile & analytics
OFF-MARKET
Estimated value
$1,450,000
Retail space
1024 Colorado St Glendale, CA 91205-1226
Trust Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0418200
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1923
Construction
TILT-UP CONCRETE
Total area
4,800 SF
Lot
0.23 ac (10,161 SF)
Zoning code
GLCM*
APN
5674-023-006
UPID
US10-0418200
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
-
High Vision Lending Group Loan Service Bank
-
CENTURY 21 Magic Real Estate Agency
-
Magic Realty Elite Real Estate Agency
-
Arman Hakobyan Magic Realty Real Estate Agency
-
Magic Realty Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.45M
Owner & transaction history
Keshishian,a & H L Trust · 7 yrs held
Keshishian,a & H L Trust
since 2018
7 recorded transactions
Zoning & alternative use
GLCM* · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,400,000
Change: -3% · Conversion: Difficult
MEDICAL BUILDING
$2,180,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$1.45M
Range $1.31M – $1.60M · ±10%
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
$302 / 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
$14,450
Tax year 2024
Assessed value
$1,267,636
Assessed 2024
Previous assessed
$1,267,636
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$422,543
Assessed improvement
$845,093
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1923
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
4,800 SF
Lot
0.23 ac (10,161 SF)
Zoning code
GLCM*
APN
5674-023-006
UPID
US10-0418200
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
GLCM* · Glendale, CA
Zoning GLCM* · permitted uses
GLCM* · 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.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$2.2M
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1923
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Keshishian,a & H L Trust
Trust
Mailing address
822 E COLORADO ST, GLENDALE, CA 91205-1222
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Jun 23, 2025
—
Keshishian Bros LLC
—
Deed
related
$700,000 · Shervin Rahim
Jun 29, 2022
—
Keshishian Bros LLC
—
Deed
related
$5,045,000 · Us Metro Bank
Jan 24, 2019
—
Keshishian Bras LLC
—
Deed
related
$770,000 · Citizens Business Bank
Nov 1, 2018
—
Keshishian,a & H L Trust
Keshishian,avetis
Quit Claim Deed
related
$3,600,000 · Citizens Busn Bk
Jul 27, 2016
—
Keshishian Bros LLC
Keshishian,avetis
Quit Claim Deed
—
May 20, 2013
—
Avetis Keshishian
Keshishian Bros LLC
Quit Claim Deed
$4,140,000 · Pacific Commerce Bank
Jul 27, 2007
—
Keshishian Bros LLC
Keshishian,avetis & Hasmik
Quit Claim Deed
—
Jan 4, 2006
$4,475,000
Avetis Keshishian
Lopez H M & J F Trust
Grant Deed
$3,000,000 · Bank Of America
Jan 4, 2006
—
Lopez Leonardo M & I A Trust
Lopez A M & C C Trust
Quit Claim Deed
related
—
Mar 2, 2004
—
Leonardo M Lopez
Lopez,victoria M
Quit Claim Deed
related
—
May 4, 1994
—
Lopez,jose G Tr Et Al
—
Deed Of Trust
related
—
—
—
Keshishian Bros LLC
—
Deed Of Trust
related
$770,000 · Citizens Busn Bk
—
—
Keshishian Bros LLC
—
Deed Of Trust
related
$3,600,000 · Citizens Busn Bk
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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