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Property profile & analytics
OFF-MARKET
Estimated value
$40,485,000
High-rise multifamily apartments
300 Central Ave Glendale, CA 91203-3159
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9943536
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2016
Construction
WOOD
Total area
102,722 SF
Lot
0.42 ac (18,283 SF)
Zoning code
GLC3*
APN
5643-020-069
UPID
US09-9943536
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
-
HDE Group Consultants Marketing & Advertising
-
Legendary Glendale Apartments Apartment Complex Apartment Building
-
GLE Wood Floor Replace General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$29.75M
Comparable Approach
Comparable
$37.15M
Blend (final)
Blend
$40.49M
Owner & transaction history
300 N Central LLC · 4 yrs held
300 N Central LLC
since 2022
Last sale
$48.0M
6 recorded transactions
Zoning & alternative use
GLC3* · Glendale, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$62.5M
+130.2%
Office building
$53.0M
+95.2%
Retail stores
$52.9M
+94.9%
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
$39,535,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$32,225,000
6.5%
$29,745,000
7%
$27,620,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$27,155,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$62,515,000
Change: +130% · Conversion: Difficult
OFFICE BUILDING
$53,000,000
Change: +95% · Conversion: Moderate
RETAIL STORES
$52,920,000
Change: +95% · Conversion: Difficult
AUTO REPAIR, GARAGE
$51,400,000
Change: +89% · Conversion: Difficult
MEDICAL BUILDING
$46,695,000
Change: +72% · Conversion: Moderate
COMMERCIAL (GENERAL)
$41,585,000
Change: +53% · Conversion: Moderate
Blend value · Realmo final
$40.49M
Range $36.44M – $44.53M · ±10% · vs last sale $48.00M (Jun 2 2022)
Last sale anchor
$48.00M
Jun 2 2022
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
$394 / 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
$522,306
Tax year 2024
Assessed value
$47,130,120
Assessed 2024
Previous assessed
$47,130,120
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$5,722,200
Assessed improvement
$41,407,920
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2016
Construction
WOOD
Heating
NONE
Units
80
Bathrooms
99
Total area
102,722 SF
Lot
0.42 ac (18,283 SF)
Zoning code
GLC3*
APN
5643-020-069
UPID
US09-9943536
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
$27.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$62.5M
OFFICE BUILDING
Est. value
$53.0M
RETAIL STORES
Est. value
$52.9M
AUTO REPAIR, GARAGE
Est. value
$51.4M
MEDICAL BUILDING
Est. value
$46.7M
COMMERCIAL (GENERAL)
Est. value
$41.6M
APARTMENT HOUSE (5+ UNITS) Current
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
2016
Construction
WOOD
Heating
NONE
Units
80
Bathrooms
99
Lot
0.42 ac
Current owner
From public records · entity-resolved
300 N Central LLC
Entity
Mailing address
380 WEATHERLY CIR, WESTLAKE VILLAGE, CA 91361
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2022
$48,000,000
300 N Central LLC
Legendary Tower Glendale LLC
Grant Deed
$26,000,000 · 300 N Central LLC
Sep 27, 2018
—
Legendary Tower Glendale LLC
—
Grant Deed
related
$26,000,000 · Berkadia Com'l Mtg
Nov 29, 2012
—
Legendary Tower Glendale LLC
—
Grant Deed
related
$19,500,000 · Us Bk
Jun 17, 2005
$4,100,000
Glendale Tower Partners
Brittan Family Trust
Grant Deed
—
—
—
Legendary Tower Glendale LLC
—
Loan Modification
related
—
—
—
Legendary Tower Glendale LLC
—
Loan Modification
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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