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Property profile & analytics
OFF-MARKET
Estimated value
$785,000
Turn key restaurants
211 Broadway Glendale, CA 91205-1008
Trust Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6903952
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1922
Construction
TILT-UP CONCRETE
Total area
3,014 SF
Lot
0.16 ac (6,799 SF)
Zoning code
GLCBD*
APN
5642-005-044
UPID
US09-6903952
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
-
Raffi's Place Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$860k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$785k
Owner & transaction history
Bakijan,r & G 2020 Fam Trust · 6 yrs held
Bakijan,r & G 2020 Fam Trust
since 2020
Last sale
$750,000
7 recorded transactions
Zoning & alternative use
GLCBD* · 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
Method
Estimation
Statistic approach
$790,000
ML approach
$860,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$785k
Range $707k – $864k · ±10% · vs last sale $750k (May 4 2020)
Last sale anchor
$750k
May 4 2020
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
$260 / 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
$14,044
Tax year 2024
Assessed value
$1,174,076
Assessed 2024
Previous assessed
$1,174,076
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$939,269
Assessed improvement
$234,807
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1922
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
OTHER
Stories
1
Units
1
Total area
3,014 SF
Lot
0.16 ac (6,799 SF)
Zoning code
GLCBD*
APN
5642-005-044
UPID
US09-6903952
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
GLCBD* · Glendale, CA
Zoning GLCBD* · permitted uses
GLCBD* · 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
1922
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Bakijan,r & G 2020 Fam Trust
Trust
Mailing address
1125 MOUNTBATTEN DR, GLENDALE, CA 91207-1143
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2020
—
Bakijan,r & G 2020 Fam Trust
Rafik Bakijan
Quit Claim Deed
related
—
Nov 29, 2004
—
Rafik Bakijan
Bakijan Family Trust
Quit Claim Deed
related
$1,036,750 · East West Bank
Sep 24, 2004
—
Bakijan Family Trust
Bakijan,rafik & Goharik
Quit Claim Deed
related
—
Jun 6, 2003
—
Rafik Bakijan
Raffts Plce
Quit Claim Deed
related
—
Apr 1, 1998
$750,000
Rafik Bakijan
211 E Broadway Partnership
Grant Deed
$675,000 · Hanmi Bank
Nov 9, 1994
—
Andrew Feola
Deenihan,j G
Quit Claim Deed
related
—
May 3, 1990
$75,000
Kathleen Crow
Holderness Billy
Grant Deed
related
—
Mar 28, 1988
$75,000
Roger N Edwards
Holde
Grant Deed
related
—
—
—
Lr
—
Deed Of Trust
related
$11,500,000 · Bank Leumi Le-israel
—
—
East Broadway 211
—
Deed Of Trust
related
$120,000 · Sterling National Bank
—
—
Rafik Bakijan
—
Deed Of Trust
related
$544,000 · Wilshire State Bank
—
—
Goharik B Saki
—
Deed Of Trust
related
$650,000 · Wells Fargo Bank
—
—
Rafik Bakijan
—
Deed Of Trust
related
$200,000 · East West Bank
—
—
Rafik Bakijan
—
Deed Of Trust
related
$600,000 · East West Bank
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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