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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Office buildings
1215 Central Ave Glendale, CA 91204-2503
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6546608
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Construction
WOOD
Total area
2,859 SF
Lot
0.15 ac (6,574 SF)
Zoning code
GLC3*
APN
5640-006-001
UPID
US09-6546608
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
-
Cherik Armen MD Physician Medical Clinic
-
Grigor M. Harutunian, M.D. Physician Medical Clinic
-
LA Neurology Physician Medical Clinic
-
Pet Food Express (Bike/Boat/Book/etc) Store Pet Store & Service
-
Just Food For Dogs (Bike/Boat/Book/etc) Store Pet Store & Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$370k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$521k
Blend (final)
Blend
$605k
Owner & transaction history
Vana Medical LLC · 2 yrs held
Vana Medical LLC
since 2023
7 recorded transactions
Zoning & alternative use
GLC3* · 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
$370,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$605k
Range $545k – $666k · ±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
$212 / 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
$19,892
Tax year 2024
Assessed value
$1,793,000
Assessed 2024
Previous assessed
$1,793,000
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$780,000
Assessed improvement
$1,013,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2005
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Total area
2,859 SF
Lot
0.15 ac (6,574 SF)
Zoning code
GLC3*
APN
5640-006-001
UPID
US09-6546608
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.
Building & site characteristics
From public records
Year built
2005
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Vana Medical LLC
Entity
Mailing address
3220 DORA VERDUGO DR, GLENDALE, CA 91208-1755
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2023
—
Vana Medical LLC
Armen J Cherik
Grant Deed
—
May 8, 2018
—
Armen J Cherik
—
Deed
related
$915,000 · First Citizens Bank & Trust Co
Feb 28, 2018
$2,850,000
North Central Glendale LLC
Nrg Holding LP
Grant Deed
—
Apr 25, 2008
—
Armen J Cherik
Cherik,vany
Quit Claim Deed
related
—
Apr 24, 2008
$1,640,000
Armen J Cherik
Vorperian Enterprises LLC
Grant Deed
$1,050,000 · Wells Fargo Bank NA
Nov 30, 2001
$579,000
Vorperian Enterprises LLC
Balekian Trust
Grant Deed
$483,000 · Us Bank NA
Nov 4, 1996
—
Balekian,kaloust & Ludmila Trust
Balekian,k & L
Quit Claim Deed
related
—
Jun 16, 1992
—
Kaloust Balekian
Balekian Trust
Quit Claim Deed
related
$155,000 · Ford Consumer Finance Co
Jun 5, 1991
$300,000
Balekian Trust
Titman,gladys E
Grant Deed
—
—
—
Vorperian Ents LLC
—
Deed Of Trust
related
$100,000 · Eshgian Family Trust
—
—
Vorperian Enterprises LLC
—
Deed Of Trust
related
$484,000 · Us Bank NA
—
—
Vorperian Ents LLC
—
Deed Of Trust
related
$930,000 · Professional Business 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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