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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Apartment buildings
116 Elk Ave Glendale, CA 91204-1778
Trust Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6359917
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1924
Construction
TILT-UP CONCRETE
Total area
14,500 SF
Lot
0.34 ac (14,755 SF)
Zoning code
GLR4YY
APN
5641-002-005
UPID
US09-6359917
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$800k
Owner & transaction history
Collins W B & J 2008 Trust · 13 yrs held
Collins W B & J 2008 Trust
since 2012
7 recorded transactions
Zoning & alternative use
GLR4YY · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$55 / 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
$16,489
Tax year 2024
Assessed value
$1,349,295
Assessed 2024
Previous assessed
$1,349,295
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$1,303,497
Assessed improvement
$45,798
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
1924
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Units
22
Bathrooms
22
Total area
14,500 SF
Lot
0.34 ac (14,755 SF)
Zoning code
GLR4YY
APN
5641-002-005
UPID
US09-6359917
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.
Building & site characteristics
From public records
Year built
1924
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Units
22
Bathrooms
22
Lot
0.34 ac
Current owner
From public records · entity-resolved
Collins W B & J 2008 Trust
Trust
Mailing address
10449 SARAH ST, TOLUCA LAKE, CA 91602-1511
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2021
—
Jana Collins
—
Deed
related
$1,500,000 · Malaga Bank Fsb
Jun 13, 2018
—
B,w & Collins J 2008 Trust
—
Grant Deed
related
$1,275,000 · Luther Burbank Svgs
Nov 29, 2012
—
Collins W B & J 2008 Trust
Collins W B & J 2008 Trust
Quit Claim Deed
related
—
Aug 23, 2012
—
Collins W B & J 2008 Trust
Olson J F 2008 Living Trust
Quit Claim Deed
related
—
Jun 21, 2011
—
Collins W B & J 2008 Trust
Olson J F 2008 Living Trust
Quit Claim Deed
related
—
May 19, 2011
—
Joan F Olson
William B Collins
Grant Deed
$1,250,000 · Jpmorgan Chase Bank NA
Apr 4, 2008
—
William B Collins
Jana Collins
Intrafamily Transfer
related
$1,300,000 · Citibank NA
Mar 12, 2008
—
Collins W B & J 2008 Trust
Collins,jana
Quit Claim Deed
related
—
Aug 29, 2001
$1,375,000
Jana Collins
Gupta,sarla
Grant Deed
$900,000 · Washington Mutual Fsb
Jul 19, 1996
$680,000
Om P Gupta
Pacific Crest Inv & Loan
Grant Deed
$476,000 · Highland Federal Bank
Jun 18, 1996
$55,471
Pacific Crest Inv
Grafs Court Ltd
Trustees Deed
related
—
—
—
Jana Collins
—
Deed Of Trust
related
$1,075,300 · Abn Amro Mortgage Group INC
—
—
Grafs Court Ltd
—
Deed Of Trust
related
$518,000 · Foothill Thrift & Loan
—
—
Om P Gupta
—
Deed Of Trust
related
$630,000 · Highland Federal Bank
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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