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240 Jackson St Glendale, CA 91206-4357

OFF-MARKET Apartment buildings Google Maps
5,240 SF 0.17 ac lot Built 1948
Entity Owned Absentee Owner ~ Est. High Equity
Estimated value (blended)
$255k
Range $230k – $281k (±10%)
Property ID US09-7006161

Property summary

AI-generated overview

This exceptional 3,191 square foot office suite is located on the top floor of a three-story building at 240 S Jackson St, Glendale, CA 91205. The property, built in 2010, is a Class B office building situated on a 0.59-acre lot and features a total of 11 parking spaces in a gated subterranean garage. The suite itself boasts a sophisticated design with high ceilings, gray wood plank flooring, and floor-to-ceiling windows throughout. It includes seven high-quality private offices, each with ample natural light, a welcoming reception area and lobby, a luxurious conference room with a marble table and seating for eight, a fully equipped kitchen with stainless steel appliances and quartz countertops, and three large balconies. Additional amenities include a dedicated copier room, file room, and storage room. The suite is zoned for both traditional and medical office use, offering multiple entrances and elevator access. Its prime downtown Glendale location offers easy access to freeways (2 and 134), and is within walking distance of Brand Boulevard's retail and restaurants, The Americana at Brand, Glendale Galleria, City Hall, the Courthouse, and the Civic Center. Nearby medical facilities include ProHealth Urgent Care, Glendale Urgent Care, Adventist Health Glendale, and Dignity Health - Glendale Memorial Hospital. The zoning designation is DSP/EB, and the APN is 5642-009-064. The lease price is $6,950 per month, plus $500 per month for the 11 reserved parking spaces.

Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1948
Construction WOOD
Total area 5,240 SF
Lot 0.17 ac (7,510 SF)
Zoning code GLR4YY
APN 5642-018-041
UPID US09-7006161

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Home Health Care Service
  • Home Health Care Service
  • Medical Clinic
  • Hair Salon Nail Salon

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

since 2025
5 recorded transactions
2025
$2.1M
2004
Price N/A
1997
Price N/A
1996
Price N/A
1969
Price N/A

Zoning & alternative use

GLR4YY · Glendale, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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