Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1623 Victory Blvd Glendale, CA 91201-2912

    • Apartment buildings
    • 13,786 SF
    • 0.27 lot acres
    OFF-MARKET
    Last Sale
    May 23, 2025
    $4,950,000
    Value Estimations
    $4,850,000
    Show details
    Cap Rate Potential
    5.5%
    Apartment buildings
    Location Intelligence
    Property ID
    US09-7000266
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Paula Muro / Counselor
    • Ciera Properties LLC / Property Management Company

    Property Details for 1623 Victory Blvd

    Year built
    1963
    Construction
    WOOD
    Lot size
    0.27 lot acres
    Property size
    13,786 SF
    Zone code
    GLC3YY
    Property type
    Apartment buildings
    APN
    5626-017-034
    APU
    5626017034

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,745,000
      ML approach
      $4,750,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,325,000
      6.5%
      $3,990,000
      7%
      $3,705,000

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $3,575,000
      Current use
      OFFICE BUILDING
      $7,115,000
      Change: +99% Conversion: Moderate
      RETAIL STORES
      $7,100,000
      Change: +99% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $6,900,000
      Change: +93% Conversion: Difficult
      MEDICAL BUILDING
      $6,265,000
      Change: +75% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $5,580,000
      Change: +56% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Glendale
    County
    Los Angeles
    State
    California
    Longitude
    -118.299
    Latitude
    34.1605
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $6,957
    $122,068
    $336,500
    $458,568
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,120,000
      5,664 SF

      1133 Linden Ave

      APARTMENT HOUSE (5+ UNITS) • 5,664 SF
      1133 Linden Ave, Glendale, CA 91201-1572
      View Details
    • Value Estimation
      $2,245,000
      15,475 SF

      1142 Linden Ave

      APARTMENT HOUSE (5+ UNITS) • 15,475 SF
      1142 Linden Ave, Glendale, CA 91201-3346
      View Details
    • Value Estimation
      $2,570,000
      13,419 SF

      1059 Elm Ave

      APARTMENT HOUSE (5+ UNITS) • 13,419 SF
      1059 Elm Ave, Glendale, CA 91201-1698
      View Details
    • Value Estimation
      $980,000
      6,988 SF

      1057 Justin Ave

      APARTMENT HOUSE (5+ UNITS) • 6,988 SF
      1057 Justin Ave, Glendale, CA 91201-2149
      View Details
    • Value Estimation
      $1,105,000
      7,690 SF

      1160 Justin Ave

      APARTMENT HOUSE (5+ UNITS) • 7,690 SF
      1160 Justin Ave, Glendale, CA 91201-1863
      View Details
    • Value Estimation
      $1,230,000
      9,191 SF

      1055 Ruberta Ave

      APARTMENT HOUSE (5+ UNITS) • 9,191 SF
      1055 Ruberta Ave, Glendale, CA 91201-2194
      View Details

    Similar Nearby for Sale

    • $4,995,000

      Glendale Multifamily Property For Sale

      Multifamily property in Glendale, CA, with ADU potential.
      1142 Western Ave, Glendale, CA 91201
      View Details
    • $1,800,000
      3,748 SF

      Glendale Retail Purchase Opportunity

      Glendale Retail Purchase Opportunity
      1532 Riverside Dr, Glendale, CA 91201
      View Details
    • $1,399,993
      Pending

      Glendale Commercial Property with Dual Parcels

      Two adjacent buildings offer flexibility for business or investment purposes.
      1812 Victory Blvd, Glendale, CA 91201
      View Details
    • $2,699,000
      6,740 SF

      Glendale Commercial Multifamily Investment

      Six-unit multifamily, prime Glendale location.
      339 Irving Ave, Glendale, CA 91201
      View Details
    • $1,200,000

      Glendale Restaurant/Retail Opportunity

      Restaurant/Retail property in high-traffic Glendale location.
      6514 San Fernando Rd, Glendale, CA 91201
      View Details
    • $1,200,000

      Glendale Restaurant Opportunity

      Restaurant building with walk-in freezer and extra parking for sale.
      6514 San Fernando Rd, Glendale, CA 91201
      View Details

    Similar Nearby for Lease

    • $2 SF/Yr
      1,493 SF

      Glendale Office Suite For Rent

      Office suite featuring private offices and open area.
      1314 W Glenoaks Blvd, Glendale, CA 91201
      View Details
    • $42 SF/Yr
      12,558 SF

      Glendale Executive Office Space

      12,558 SF Office/Retail, 24 Parking Spaces
      1630-32 Flower St, Glendale, CA 91201
      View Details
    • $3 SF/Yr
      1,886 SF

      Retail Space Available For Lease

      Retail space for lease, no food use allowed.
      1427 W Glenoaks Blvd, Glendale, CA 91201
      View Details
    • Contact for pricing

      Glendale Office Space For Rent

      Private office space in Northwest Glendale near transportation and entertainment.
      1243 West Glenoaks Blvd, Glendale, CA 91201
      View Details
    • $3 SF/Yr
      42,353 SF

      Glendale Office Space For Rent

      First floor office space available for rent in Glendale.
      1840 Victory Blvd, Glendale, CA 91201
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1623 Victory Blvd
    Glendale, CA 91201-2912
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.