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Property profile & analytics
OFF-MARKET
Estimated value
$63,350,000
Apartment buildings
200 Broadway Glendale, CA 91205-1049
Entity Owned
~
Est. High Equity
Property ID
US09-6352446
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2013
Construction
WOOD
Total area
154,216 SF
Lot
0.81 ac (35,264 SF)
Zoning code
GLC3*
APN
5642-004-047
UPID
US09-6352446
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
-
Bergere School of Music High School Vocational School
-
Eleve Lofts and Skydeck Apartments Apartment Building Apartment Complex
-
Elev`e - Broadway Lofts Apartment Building
-
HitTrax Batting Cage Arcade & Gaming Center Sports Field & Court
-
Elevate Homes Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$44.66M
Comparable Approach
Comparable
$56.75M
Blend (final)
Blend
$63.35M
Owner & transaction history
Eleve Glendale LLC
Eleve Glendale LLC
since 2025
Last sale
$76.0M
7 recorded transactions
Zoning & alternative use
GLC3* · Glendale, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$102.0M
+157.1%
Neighborhood: shopping center
$93.9M
+136.6%
Office building
$79.6M
+100.6%
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%
$48,375,000
6.5%
$44,655,000
7%
$41,465,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$39,665,000
Current use
RESTAURANT
$101,980,000
Change: +157% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$93,855,000
Change: +137% · Conversion: Difficult
OFFICE BUILDING
$79,570,000
Change: +101% · Conversion: Moderate
RETAIL STORES
$79,445,000
Change: +100% · Conversion: Difficult
AUTO REPAIR, GARAGE
$77,165,000
Change: +95% · Conversion: Difficult
MEDICAL BUILDING
$70,105,000
Change: +77% · Conversion: Moderate
COMMERCIAL (GENERAL)
$62,430,000
Change: +57% · Conversion: Moderate
Blend value · Realmo final
$63.35M
Range $57.02M – $69.69M · ±10% · vs last sale $76.00M (Jul 30 2025)
Last sale anchor
$76.00M
Jul 30 2025
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
$411 / 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
$945,313
Tax year 2024
Assessed value
$84,873,124
Assessed 2024
Previous assessed
$84,873,124
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$12,018,266
Assessed improvement
$72,854,858
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2013
Construction
WOOD
Heating
NONE
Cooling
YES
Units
208
Bathrooms
99
Total area
154,216 SF
Lot
0.81 ac (35,264 SF)
Zoning code
GLC3*
APN
5642-004-047
UPID
US09-6352446
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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$39.7M
RESTAURANT
Est. value
$102.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$93.9M
OFFICE BUILDING
Est. value
$79.6M
RETAIL STORES
Est. value
$79.4M
AUTO REPAIR, GARAGE
Est. value
$77.2M
MEDICAL BUILDING
Est. value
$70.1M
COMMERCIAL (GENERAL)
Est. value
$62.4M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
2013
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
208
Bathrooms
99
Lot
0.81 ac
Current owner
From public records · entity-resolved
Eleve Glendale LLC
Entity
Mailing address
PO BOX 87407, CHICAGO, IL 60680-0407
Ownership since
2025
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
Oct 30, 2025
$76,000,000
Eleve Glendale LLC
Eqr Eleve LP
Grant Deed
$19,000,000 · Berkadia Commercial Mortgage LLC
Feb 3, 2025
—
Eqr Eleve LP
—
Deed
related
$288,120,000 · Wells Fargo Bank NA
Nov 4, 2020
—
Broadway & Central LLC
—
Deed
related
$52,300,000 · Jp Morgan Chase Bk
Feb 25, 2019
—
Eqr Eleve LP
—
Deed
related
$288,120 · Wells Fargo Bank NA
Jul 11, 2017
—
Broadway & Central LLC
—
Deed
related
$52,300 · Jpmorgan Chase Bank NA
Jun 20, 2014
$70,500,000
Eqr-eleve LP
Broadway Lofts Owner LLC
Grant Deed
—
Oct 5, 2011
—
Broadway Lofts Owner LLC
—
Trustees Deed
related
$31,100,000 · Bank Of America
Dec 29, 2010
$7,000,000
Broadway Lofts Owner LLC
Alameda Associates
Grant Deed
—
Mar 19, 1999
$8,500,000
Alameda Associates
—
Grant Deed
related
—
Nov 25, 1998
—
Glendale Cc
—
Deed Of Trust
related
—
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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