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Property profile & analytics
OFF-MARKET
Estimated value
$2,565,000
Office buildings
1540 Glenoaks Blvd Glendale, CA 91201-1930
Individually Owned
31-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-7903881
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1981
Construction
WOOD
Total area
15,403 SF
Lot
0.4 ac (17,535 SF)
Zoning code
GLC3*
APN
5623-027-041
UPID
US09-7903881
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
-
Power Plus Los Angeles Electricians Services Plumbing Service General Contractor
-
Farmers Insurance Insurance Agency
-
Farmers Insurance - Angela Farsakyan Insurance Agency
-
ANS Billing Services Accounting Firm Tax Preparation
-
Law Office of Henrik Mosesi Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.57M
Owner & transaction history
Babayan · 31 yrs held
Babayan
since 1995
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
$167 / 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
$17,670
Tax year 2024
Assessed value
$1,482,088
Assessed 2024
Previous assessed
$1,482,088
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$823,383
Assessed improvement
$658,705
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
1981
Construction
WOOD
Heating
NONE
Stories
1
Units
12
Total area
15,403 SF
Lot
0.4 ac (17,535 SF)
Zoning code
GLC3*
APN
5623-027-041
UPID
US09-7903881
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
1981
Construction
WOOD
Heating
NONE
Stories
1
Units
12
Lot
0.4 ac
Current owner
From public records · entity-resolved
Babayan
Individual
Free & Clear · 31 yrs held
Mailing address
6561 RADCLIFF CIR, HUNTINGTON BEACH, CA 92648-6628
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1995
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 1995
—
Babayan
Itt,coml Fin
Grant Deed
related
—
Oct 8, 1992
$1,351,000
Itt Commercial Finance Corp
Itt Fed Bank
Grant Deed
related
—
Jun 30, 1992
—
Itt Federal Bank
—
Deed Of Trust
related
—
Apr 6, 1992
—
Itt Federal Bank
—
Deed Of Trust
related
—
Apr 26, 1990
—
Alisi
Diog
Quit Claim Deed
related
$1,681,000 · Itt Federal Bank Fsb
—
—
Alisi Partnershi
—
Deed Of Trust
related
$200,000 · Individual
—
—
Albert Babayan
—
Deed Of Trust
related
$82,000 · Babayan Family Partnership
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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