New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,875,000
Investment properties
1626 Central Ave Glendale, CA 91204-2702
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6881755
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1964
Construction
TILT-UP CONCRETE
Total area
4,050 SF
Lot
0.16 ac (6,960 SF)
Zoning code
GLM1A*
APN
5640-029-010
UPID
US09-6881755
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
-
Glendale House Cooling Masters HVAC Service General Contractor
-
EZ Trans Non-Emergency Medical Transportation Services Handicapped Transportation Service Ambulance Service
-
Timoteo/Cellblock 13 Corporate Office
-
Law Offices of Norayr Ohanessian Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.91M
CAP Approach
CAP
$1.24M
Comparable Approach
Comparable
$2.28M
Blend (final)
Blend
$1.88M
Owner & transaction history
Timoteo Ocampo · 3 yrs held
Timoteo Ocampo
since 2023
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
GLM1A* · Glendale, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.5M
+50.3%
Office building
$2.1M
+27.5%
Retail stores
$2.1M
+27.3%
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
$1,900,000
ML approach
$1,905,000
CAP Approach
CAP Return
Estimation
6%
$1,335,000
6.5%
$1,235,000
7%
$1,145,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,640,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,465,000
Change: +50% · Conversion: Difficult
OFFICE BUILDING
$2,090,000
Change: +27% · Conversion: Easy
RETAIL STORES
$2,085,000
Change: +27% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,025,000
Change: +24% · Conversion: Difficult
MEDICAL BUILDING
$1,840,000
Change: +12% · Conversion: Easy
Blend value · Realmo final
$1.88M
Range $1.69M – $2.06M · ±10% · vs last sale $1.85M (Apr 28 2023)
Last sale anchor
$1.85M
Apr 28 2023
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
$463 / 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
$22,070
Tax year 2024
Assessed value
$1,983,571
Assessed 2024
Previous assessed
$1,983,571
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,608,302
Assessed improvement
$375,269
Applied tax rate
11.0000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1964
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
4,050 SF
Lot
0.16 ac (6,960 SF)
Zoning code
GLM1A*
APN
5640-029-010
UPID
US09-6881755
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
GLM1A* · Glendale, CA
Zoning GLM1A* · permitted uses
GLM1A* · 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
COMMERCIAL (GENERAL) Current
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.5M
OFFICE BUILDING
Est. value
$2.1M
RETAIL STORES
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.8M
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1964
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Timoteo Ocampo
Individual
Mailing address
931 FORTUNE WAY, LOS ANGELES, CA 90042-1524
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2023
—
Timoteo Ocampo
Timoteo Ocampo
Intrafamily Transfer
related
—
Nov 15, 2019
$1,850,000
Timoteo Ocampo
Ohanessian S & Nikolia Trust
Grant Deed
$1,520,200 · Bank Of The West
Aug 31, 2018
—
S Ohanessian
—
Deed
related
$616,553 · Wells Fargo Bk
Aug 29, 2018
—
Rouben Nikolian
—
Deed
related
$103,200 · Wells Fargo Bank NA
Jul 1, 2011
—
Ohanessian S Fam
Ohanessian,seda
Quit Claim Deed
related
—
Oct 1, 2008
$1,180,000
Seda Ohanessian
Renman,waldemar O
Grant Deed
$944,000 · Bank Of America
Mar 17, 1999
—
Renman,irene L Tr
—
Deed Of Trust
related
—
Jan 5, 1999
—
Irene L Renman
Renman I L Trustee,
Quit Claim Deed
related
—
Jan 5, 1999
$1,000,000
Renman Trust
Renman,irene L
Trustees Deed
related
—
—
—
S Ohanessian
—
Deed Of Trust
related
$616,553 · Wells Fargo Bk
—
—
S Ohanessian
—
Deed Of Trust
related
$108,000 · California Statewide Certified
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1626 Central Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
