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Property profile & analytics
OFF-MARKET
Estimated value
$2,690,000
Apartment buildings
1157 Justin Ave Glendale, CA 91201-1832
Entity Owned
Absentee Owner
Free & Clear
Property ID
US09-7903846
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1963
Construction
WOOD
Total area
7,089 SF
Lot
0.18 ac (7,981 SF)
Zoning code
GLR4YY
APN
5623-012-005
UPID
US09-7903846
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.06M
Comparable Approach
Comparable
$2.61M
Blend (final)
Blend
$2.69M
Owner & transaction history
Atnt Justin LLC
Atnt Justin LLC
since 2026
Last sale
$3.1M
7 recorded transactions
Zoning & alternative use
GLR4YY · Glendale, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$4.3M
+134.7%
Office building
$3.7M
+99.0%
Retail stores
$3.7M
+98.7%
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%
$2,225,000
6.5%
$2,055,000
7%
$1,905,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,840,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$4,315,000
Change: +135% · Conversion: Difficult
OFFICE BUILDING
$3,660,000
Change: +99% · Conversion: Moderate
RETAIL STORES
$3,650,000
Change: +99% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,545,000
Change: +93% · Conversion: Difficult
MEDICAL BUILDING
$3,225,000
Change: +75% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,870,000
Change: +56% · Conversion: Moderate
Blend value · Realmo final
$2.69M
Range $2.42M – $2.96M · ±10% · vs last sale $3.05M (Feb 26 2026)
Last sale anchor
$3.05M
Feb 26 2026
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
$379 / 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
$32,636
Tax year 2024
Assessed value
$2,904,344
Assessed 2024
Previous assessed
$2,904,344
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$1,160,137
Assessed improvement
$1,744,207
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1963
Construction
WOOD
Heating
NONE
Units
8
Bathrooms
11
Total area
7,089 SF
Lot
0.18 ac (7,981 SF)
Zoning code
GLR4YY
APN
5623-012-005
UPID
US09-7903846
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
GLR4YY · Glendale, CA
Zoning GLR4YY · permitted uses
GLR4YY · 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
$1.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.3M
OFFICE BUILDING
Est. value
$3.7M
RETAIL STORES
Est. value
$3.7M
AUTO REPAIR, GARAGE
Est. value
$3.5M
MEDICAL BUILDING
Est. value
$3.2M
COMMERCIAL (GENERAL)
Est. value
$2.9M
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
1963
Construction
WOOD
Heating
NONE
Units
8
Bathrooms
11
Lot
0.18 ac
Current owner
From public records · entity-resolved
Atnt Justin LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1858 VLY VW CRES, BURBANK, CA 91504-1925
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2026
$3,050,000
Atnt Justin LLC
Aaa Apartments LLC
Grant Deed
—
Mar 16, 2023
—
Aaa Apartments LLC
—
Deed
related
$1,340,000 · Cathay Bank
Feb 27, 2018
—
Aaa Apartments LLC
Khodaverdian,masis & Anait
Quit Claim Deed
—
Jan 26, 2018
$2,383,000
Masis Khodaverdian
Teresa Keifer
Grant Deed
$1,490,000 · Homestreet Bank
Jan 27, 2014
—
Marks,marilyn J Living Trust
Marks,marilyn J
Quit Claim Deed
related
—
Nov 8, 1989
—
Marilyn J Marks
Full Mgnt Revoca
Grant Deed
related
—
—
—
Marilyn J Marks
—
Deed Of Trust
related
$28,500 · Individual
—
—
Marilyn J Marks
—
Deed Of Trust
related
$40,000 · Individual
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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