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Property profile & analytics
OFF-MARKET
Estimated value
$1,225,000
Office buildings
1222 Glendale Ave Glendale, CA 91205-3297
Individually Owned
16-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7004632
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1963
Construction
WOOD
Total area
6,256 SF
Lot
0.19 ac (8,324 SF)
Zoning code
GLC3*
APN
5676-029-026
UPID
US09-7004632
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
-
Azizian Dental Dental Office
-
Glendale & Simi Womens Center Medical Clinic
-
Glendale Dental Center Dental Office
-
Glendale Psychology Center Crisis Center Medical Clinic
-
Chartouni John D DC Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.23M
Owner & transaction history
Seda G Azizian · 16 yrs held
Seda G Azizian
since 2010
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$196 / 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
$13,010
Tax year 2024
Assessed value
$1,130,118
Assessed 2024
Previous assessed
$1,130,118
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$602,732
Assessed improvement
$527,386
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
1963
Construction
WOOD
Heating
NONE
Stories
1
Total area
6,256 SF
Lot
0.19 ac (8,324 SF)
Zoning code
GLC3*
APN
5676-029-026
UPID
US09-7004632
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
1963
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
Seda G Azizian
Individual
Mailing address
609 E PALM AVE UNIT #202, BURBANK, CA 91501-2822
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
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
May 18, 2010
—
Seda G Azizian
Westlake Island Properties LLC
Grant Deed
—
Aug 4, 1999
—
Westlake Island Propertie
Azizian,s G
Grant Deed
related
—
Jun 30, 1999
—
Seda G Azizian
Azizian,v T & S G Trustees
Quit Claim Deed
related
—
Aug 2, 1994
—
Azizian,vahe T & Seda G Trustees
Azizian,v & S
Quit Claim Deed
related
—
Oct 6, 1989
$30,000
Vahe Azizian
Azizian Vahe&sed
Grant Deed
related
—
Mar 14, 1989
$150,500
Azizian Vahe&sed
Beato
Trustees Deed
—
Mar 14, 1989
$123,500
Azizian Vahe&sed
Benne
Trustees Deed
$378,000 · Sterling National Bank
Mar 14, 1989
$233,000
Vahe Azizian
Beato
Grant Deed
—
—
—
Azizian Trust
—
Deed Of Trust
related
$350,000 · Capitol Thrift & Loan
—
—
Westlake Island Properties LLC
—
Deed Of Trust
related
$250,000 · Wells Fargo Bank
—
—
Vahe Azizian
—
Deed Of Trust
related
$34,375 · Bennett Trust
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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