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Property profile & analytics
OFF-MARKET
Estimated value
$1,635,000
Investment properties
108 Brand Blvd Glendale, CA 91203-2602
Individually Owned
22-yr Hold
~
Est. High Equity
Property ID
US09-6895578
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1929
Construction
TILT-UP CONCRETE
Total area
5,716 SF
Lot
0.08 ac (3,338 SF)
Zoning code
GLC3YY
APN
5642-005-032
UPID
US09-6895578
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
-
Kirakosian & Associates Law Firm
-
The Brandy Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.74M
Comparable Approach
Comparable
$1.34M
Blend (final)
Blend
$1.64M
Owner & transaction history
Kirakosian,tr · 22 yrs held
Kirakosian,tr
since 2004
7 recorded transactions
Zoning & alternative use
GLC3YY · Glendale, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.6M
+12.3%
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%
$1,885,000
6.5%
$1,740,000
7%
$1,615,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,315,000
Current use
MEDICAL BUILDING
$2,600,000
Change: +12% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,230,000
Change: -4% · Conversion: Moderate
Blend value · Realmo final
$1.64M
Range $1.47M – $1.80M · ±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
$286 / 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
$26,688
Tax year 2024
Assessed value
$2,341,765
Assessed 2024
Previous assessed
$2,341,765
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$613,316
Assessed improvement
$1,728,449
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1929
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
5,716 SF
Lot
0.08 ac (3,338 SF)
Zoning code
GLC3YY
APN
5642-005-032
UPID
US09-6895578
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
GLC3YY · Glendale, CA
Zoning GLC3YY · permitted uses
GLC3YY · 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
COMMERCIAL (GENERAL) Current
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$2.6M
INDUSTRIAL (GENERAL)
Est. value
$2.2M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
INDUSTRIAL (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
1929
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
Kirakosian,tr
Individual
Mailing address
108 N BRAND BLVD STE #201, GLENDALE, CA 91203-2679
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2004
$1,680,000
Kirakosian,tr
Wong,norman & Angela
Grant Deed
—
May 24, 2002
$1,300,000
Norman Wong
La Recovery 95 Income Fund LP
Grant Deed
$618,000 · La Recovery 95 Income Fund LP
Feb 23, 1996
$1,846,668
L A Recovery 95 Income LP
Brand Broadway Partners Ltd
Trustees Deed
related
—
Jan 19, 1996
$2,527,209
La Recovery 95 Income Fund
Brand/broadway Partners Ltd
Trustees Deed
related
—
—
—
Broadway P Brand
—
Deed Of Trust
related
$200,000 · Dorn Platz & Co
—
—
Broadway P Brand
—
Deed Of Trust
related
$47,600 · Redevelopment Agency Glendale
—
—
La Recovery 95 Income Fund
—
Deed Of Trust
related
$600,000 · Silvergate Bank
—
—
Kirakosian,l A & S B Trust
—
Loan Modification
related
$1,552,386 · Golden St Bk
—
—
Norman Wong
—
Deed Of Trust
related
$845,000 · United Commercial Bank
—
—
Kirakosian,tr
—
Deed Of Trust
related
$693,000 · Edf Resource Capital INC
—
—
Brand/broadway Partners Ltd
—
Deed Of Trust
related
$400,000 · Home Savings Of America
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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