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Property profile & analytics
OFF-MARKET
Estimated value
$28,675,000
High-rise multifamily apartments
111 Louise St Glendale, CA 91206-4251
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6895635
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2018
Construction
CONCRETE
Total area
77,084 SF
Lot
0.57 ac (24,871 SF)
Zoning code
GLC3*
APN
5642-005-097
UPID
US09-6895635
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
-
TenTen Glendale Apartments Apartment Complex
-
AB MEDIA USA Advertising Agency Marketing & Advertising
-
CHESTER HEIGHTS CATERERS Take-out & Catering Catering Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$22.32M
Comparable Approach
Comparable
$25.38M
Blend (final)
Blend
$28.68M
Owner & transaction history
111 Nl Investment LLC · 1 yrs held
111 Nl Investment LLC
since 2025
Last sale
$33.5M
7 recorded transactions
Zoning & alternative use
GLC3* · Glendale, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$46.9M
+144.2%
Office building
$39.8M
+107.1%
Retail stores
$39.7M
+106.7%
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%
$24,180,000
6.5%
$22,320,000
7%
$20,725,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$19,210,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$46,915,000
Change: +144% · Conversion: Difficult
OFFICE BUILDING
$39,770,000
Change: +107% · Conversion: Moderate
RETAIL STORES
$39,710,000
Change: +107% · Conversion: Difficult
AUTO REPAIR, GARAGE
$38,570,000
Change: +101% · Conversion: Difficult
MEDICAL BUILDING
$35,040,000
Change: +82% · Conversion: Moderate
COMMERCIAL (GENERAL)
$31,205,000
Change: +62% · Conversion: Moderate
Blend value · Realmo final
$28.68M
Range $25.81M – $31.54M · ±10% · vs last sale $33.50M (Jul 14 2025)
Last sale anchor
$33.50M
Jul 14 2025
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
$372 / 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
$372,867
Tax year 2024
Assessed value
$33,697,530
Assessed 2024
Previous assessed
$33,697,530
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$5,304,291
Assessed improvement
$28,393,239
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2018
Construction
CONCRETE
Heating
NONE
Cooling
YES
Units
65
Bathrooms
80
Total area
77,084 SF
Lot
0.57 ac (24,871 SF)
Zoning code
GLC3*
APN
5642-005-097
UPID
US09-6895635
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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$19.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$46.9M
OFFICE BUILDING
Est. value
$39.8M
RETAIL STORES
Est. value
$39.7M
AUTO REPAIR, GARAGE
Est. value
$38.6M
MEDICAL BUILDING
Est. value
$35.0M
COMMERCIAL (GENERAL)
Est. value
$31.2M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (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
2018
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Units
65
Bathrooms
80
Lot
0.57 ac
Current owner
From public records · entity-resolved
111 Nl Investment LLC
Entity
Mailing address
370 CONVENTION WAY, REDWOOD CITY, CA 94063-1405
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2025
$33,500,000
111 Nl Investment LLC
111 N Louise Glendale LLC
Grant Deed
$22,700,000 · Poedf Levered A LLC
Aug 31, 2018
—
111 N Louise Glendale LLC
—
Grant Deed
related
$22,400,000 · Bank Of East Asia
Sep 16, 2015
—
225 Broadway Glendale LLC
225 Broadway Glendale LLC
Quit Claim Deed
$17,300,000 · East West Bank
Feb 11, 2008
—
225 Broadway Glendale LLC
Rafik Bakijan
Quit Claim Deed
$2,083,000 · East West Bank
Jun 6, 2003
—
Montrose Properties LP
Bakijan,rafik
Grant Deed
$910,000 · Washington Mutual Fsb
Dec 22, 2000
—
Rafik Bakijan
Bakijan,g
Quit Claim Deed
related
—
Dec 22, 2000
$680,000
Bakijan,rafik
Bell,nora J
Trustees Deed
$544,000 · Wilshire State Bank
Oct 25, 1994
—
Nora J Bell
Douglass,j M & S N
Grant Deed
related
—
—
—
John M Douglass
—
Deed Of Trust
related
$24,550 · American Intl Co
—
—
Nora J Bell
—
Deed Of Trust
related
$195,800 · Us Small Business Admn
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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