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Property profile & analytics
OFF-MARKET
Estimated value
$7,745,000
Apartment buildings
1303 Central Ave Glendale, CA 91202-1837
Entity Owned
22-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6354436
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1957
Construction
WOOD
Total area
67,871 SF
Lot
1.96 ac (85,293 SF)
Zoning code
GLR3YY
APN
5633-006-014
UPID
US09-6354436
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
-
Glendale Garden Homes Apartment Building
-
Quality One Heating & AC Repair Glendale HVAC Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.62M
Blend (final)
Blend
$7.75M
Owner & transaction history
Central Bwb LLC · 22 yrs held
Central Bwb LLC
since 2004
7 recorded transactions
Zoning & alternative use
GLR3YY · 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.75M
Range $6.97M – $8.52M · ±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
$114 / 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
$83,255
Tax year 2024
Assessed value
$6,989,260
Assessed 2024
Previous assessed
$6,989,260
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$5,080,773
Assessed improvement
$1,908,487
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
1957
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Units
37
Bathrooms
37
Total area
67,871 SF
Lot
1.96 ac (85,293 SF)
Zoning code
GLR3YY
APN
5633-006-014
UPID
US09-6354436
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
GLR3YY · Glendale, CA
Zoning GLR3YY · permitted uses
GLR3YY · 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
1957
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
37
Bathrooms
37
Lot
1.96 ac
Current owner
From public records · entity-resolved
Central Bwb LLC
Entity
Mailing address
14140 MOORPARK ST APT #400, SHERMAN OAKS, CA 91423-2798
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
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
Jan 15, 2004
—
Central Bwb LLC
Central Gf LLC
Quit Claim Deed
related
—
Jan 2, 2003
—
Central Bwb LLC
1303 Central LLC
Quit Claim Deed
related
—
Feb 13, 1997
—
Kenneth Mortensen
Mortensen,s L
Quit Claim Deed
related
—
Feb 13, 1997
$3,200,000
1303 Central LLC
Rhodes,frank A
Trustees Deed
$2,400,000 · Home Savings Of America
Oct 23, 1996
—
Fred L Mortensen
Mortensen,f L
Quit Claim Deed
related
—
Aug 30, 1996
—
Fred L Mortensen
Mortensen F L Trustee,
Quit Claim Deed
related
—
Jun 13, 1996
—
Green,robert L Trustee
Green,j T
Quit Claim Deed
related
—
Jun 4, 1996
—
Jon T Green
Green,v N
Quit Claim Deed
related
—
Jan 19, 1993
—
Causey,june H Tr Et Al
—
Deed Of Trust
related
—
—
—
1303 Central LLC
—
Deed Of Trust
related
$4,950,000 · Washington Mutual Fsb
—
—
1303 Central LLC
—
Deed Of Trust
related
$3,400,000 · Washington Mutual Fsb
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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