Realmo Analytics

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Property profile

1506 S Glendale Ave Glendale, CA 91205

FOR LEASE
Office buildings
Property ID
US10-0409749
4,551 SF 0.38 ac lot Built 2011
Last sale Jan 2023 · $2,850,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon
1506 S Glendale Ave, Glendale, CA 91205 For Lease
$2,755,000 4,551 SF available
1506 S Glendale Ave, Glendale, CA 91205
View Listing

Property summary

AI-generated overview

This exceptional 2,400 square foot executive office building, located at 1506 S Glendale Ave in Glendale, California (zip code 91205), presents a unique leasing opportunity. The entire two-story building is currently vacant and ready for immediate occupancy. The property boasts a highly desirable location in Los Angeles County, offering convenient access to major transportation routes and local amenities. The building features ample parking with 5 spaces provided free of charge to tenants. …

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$32k
Tax billed · 2024
Assessed value$2.91M
Assessed land$1.48M
Assessed improvement$1.42M
Effective rate1.11%

Value estimate

· Oct 2026
$2.76M
$2.48M – $3.03M
AI approach$2.74M
Submarket $/SF estimate$3.38M
NOI build-up
Gross scheduled income$150k
Vacancy & credit loss−$31k
Operating expenses−$30k
NOI · 2,558,485.71% cap applied$90k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$516/SF
Submarket average, outlier-cleaned · 69 recorded sales of this use type
Observed band · Q1–Q3$284 – $743
Qualifying comparables3

Cap rate analysis

How does the asset earn?
2,558,485.71%
$90k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
GLC3-R4*
JurisdictionLOS ANGELES

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm16.6
Parking Facility11.2
Tattoo & Piercing Shop9.2

Location

1506 S Glendale Ave Glendale, CA 91205
County assessor Recorded deeds · 7 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
217 Kenwood, Glendale, CA 91205-1634 $3,950,000 Jul 2024 5,592 SF
225 Glendale, Glendale, CA 91205-1738 $301,000 Jun 2023 4,275 SF
1535 Colorado, Glendale, CA 91205-1513 $2,200,000 May 2022 4,295 SF
407 Colorado, Glendale, CA 91205-1604 $290,000 Sep 2021 5,600 SF
306 Harvard, Glendale, CA 91205 $1,675,000 Jun 2020 6,883 SF
825 Colorado, Glendale, CA 91205-1221 $2,600,026 Feb 2019 5,240 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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