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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Apartment buildings
1344 Broadway Glendale, CA 91205-1497
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6883743
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1982
Construction
WOOD
Total area
4,236 SF
Lot
0.18 ac (8,050 SF)
Zoning code
GLR4YY
APN
5680-002-031
UPID
US09-6883743
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
$625k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$665k
Owner & transaction history
Evropa Investment LLC · 1 yrs held
Evropa Investment LLC
since 2025
Last sale
$685,000
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
Method
Estimation
Statistic approach
$655,000
ML approach
$625,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,090,000
Current use
Blend value · Realmo final
$665k
Range $599k – $732k · ±10% · vs last sale $685k (May 7 2025)
Last sale anchor
$685k
May 7 2025
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
$157 / 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
$25,922
Tax year 2024
Assessed value
$2,315,952
Assessed 2024
Previous assessed
$2,315,952
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$1,372,417
Assessed improvement
$943,535
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
1982
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
2
Units
8
Bathrooms
4
Total area
4,236 SF
Lot
0.18 ac (8,050 SF)
Zoning code
GLR4YY
APN
5680-002-031
UPID
US09-6883743
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
$1.1M
APARTMENT HOUSE (5+ UNITS) Current
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
1982
Construction
WOOD
Heating
NONE
Cooling
Yes
Buildings
2
Units
8
Bathrooms
4
Lot
0.18 ac
Current owner
From public records · entity-resolved
Evropa Investment LLC
Entity
Mailing address
758 RDG DR, GLENDALE, CA 91206-1751
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
24 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 7, 2025
—
Evropa Investment LLC
Armkar Entertainment INC
Quitclaim Deed
related
—
Jun 1, 2022
—
Armkar Entertainment INC
—
Deed
related
$300,000 · Konstantin Chilian Trust
Jan 28, 2022
—
Armkkar Entertainment INC
—
Deed
related
$185,000 · Garo Mardigian
Aug 18, 2021
—
Armkar Entertainment INC
—
Deed
related
$260,000 · Forbix Capital Corp
Feb 4, 2021
—
Armkar Entertainment INC
—
Deed
related
$1,722,500 · Luther Burbank Savings
Dec 29, 2020
—
Armen Ayvazyan
—
Deed
related
$1,350,000 · Evergreen Advantage LLC
Dec 16, 2019
—
Armkar Entertainment INC
—
Deed
related
$300,000 · Forbix Cap
Nov 18, 2019
—
Armkar Entertainment INC
—
Deed
related
$100,000 · Forbix Cap
Sep 25, 2019
—
Armkar Entertainment INC
Aivazian,armen
Quit Claim Deed
—
Aug 28, 2019
—
Armen Ayvazyan
—
Deed
related
$1,350,000 · Evergreen Advantage LLC
Jun 14, 2019
—
Armen Ayvazyan
—
Deed
related
$950,000 · Schaefer Financial Services INC
Apr 9, 2019
—
Armen Ayvazyan
Huff Family Trust
Correction Deed
related
—
Nov 26, 2018
—
Armen Ayvazyan
—
Trustees Deed
related
$120,000 · Aiaa Home Holdings LLC
Nov 21, 2018
—
Martiros Martirosyan
—
Trustees Deed
related
$75,000 · Alice Melik
Jun 21, 2018
$685,000
Armen Ayvazyan
Huff Family Trust
Grant Deed
$34,250 · Nsa Realty Group INC
Mar 1, 2018
—
Huff,agnes Family Trust
Huff Family Trust
Quit Claim Deed
related
—
May 12, 2015
—
Huff Family Trust
Huff Richard B
Affidavit Of Death
related
—
Jul 31, 2007
—
Huff Family Trust
Huff,agnes J
Quit Claim Deed
related
—
Jul 19, 2006
—
Agnes Huff
Karsa,gisella
Grant Deed
related
—
—
—
Armkar Entertainment INC
—
Deed Of Trust
related
$300,000 · Forbix Cap
—
—
Armkar Entertainment INC
—
Deed Of Trust
related
$100,000 · Forbix Cap
—
—
Joseph A Karsa
—
Deed Of Trust
related
$175,000 · Budget Finance Co
—
—
Armen Ayvazyan
—
Loan Modification
related
$1,350,000 · Evergreen Advantage LLC
—
—
Joseph A Karsa
—
Deed Of Trust
related
$325,000 · Budget Finance Co
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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