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Property profile & analytics
OFF-MARKET
Estimated value
$1,610,000
Medical Office Space
1451 Chevy Chase Dr Glendale, CA 91206-4056
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7004766
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1962
Construction
TILT-UP CONCRETE
Total area
7,690 SF
Lot
0.21 ac (8,972 SF)
Zoning code
GLC3*
APN
5661-005-019
UPID
US09-7004766
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
-
Vahe Akopian MD Physician Medical Clinic
-
Axon Neurology Medical Clinic
-
Dr. Artin Minaeian, MD Physician Medical Clinic
-
SoCal Vision Center - Mireille P. Hamparian, MD Ophthalmologist
-
Mireille Partamian Hamparian Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.91M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.61M
Owner & transaction history
1451 Chevychase LLC · 11 yrs held
1451 Chevychase LLC
since 2015
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
by Request
CAP Approach
CAP Return
Estimation
6%
$2,070,000
6.5%
$1,910,000
7%
$1,775,000
Blend value · Realmo final
$1.61M
Range $1.45M – $1.77M · ±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
$209 / 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
$30,932
Tax year 2024
Assessed value
$2,768,960
Assessed 2024
Previous assessed
$2,768,960
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$1,767,422
Assessed improvement
$1,001,538
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1962
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
OTHER
Stories
1
Total area
7,690 SF
Lot
0.21 ac (8,972 SF)
Zoning code
GLC3*
APN
5661-005-019
UPID
US09-7004766
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
1962
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
1451 Chevychase LLC
Entity
Mailing address
950 ARDEN RD, PASADENA, CA 91106-4002
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2025
—
1451chevychase LLC
—
Deed
related
$1,017,000 · Everbank NA
May 13, 2016
—
1451chevychase LLC
—
Deed
related
$1,143,000 · Bay Area Employment Dev
Mar 6, 2015
$2,350,000
1451 Chevychase LLC
Lilystream Exchange Company LLC
Grant Deed
$1,110,000 · Mufg Union Bank NA
Feb 4, 2015
—
Lilystream Exchange Co LLC
1451 E Chevy Chase Drive LLC
Quit Claim Deed
—
Sep 10, 1998
$600,000
1451 E Chevy Chase Dr LLC
Glendale Federal Bank
Grant Deed
$450,000 · Glendale Federal Bank
Apr 22, 1998
$550,000
Glendale Federal Bank
Saradjian,khachik Z
Trustees Deed
related
—
Nov 15, 1989
$440,000
Saradjian Khachi
Verdugo Exchange
Trustees Deed
$564,000 · Glendale Federal Bank
Nov 15, 1989
$1,029,000
Blue Fmly Tr&
Sines Jeffrey M
Trustees Deed
related
—
Nov 15, 1989
$411,500
Verdugo Exchange
Blue Fmly Tr&
Trustees Deed
related
—
—
—
1451chevychase LLC
—
Deed Of Trust
related
$1,143,000 · Bay Area Employment Dev
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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