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Property profile & analytics
OFF-MARKET
Estimated value
$45,180,000
High-rise multifamily apartments
308 Central Ave Glendale, CA 91203-2216
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9943535
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Lot
0.2 ac (8,915 SF)
Zoning code
GLC3*
APN
5643-020-068
UPID
US09-9943535
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$45.18M
Owner & transaction history
300 N Central LLC · 4 yrs held
300 N Central LLC
since 2022
Last sale
$48.0M
7 recorded transactions
Zoning & alternative use
GLC3* · 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
$39,535,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$45.18M
Range $40.66M – $49.70M · ±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
—
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
$32,571
Tax year 2024
Assessed value
$2,809,080
Assessed 2024
Previous assessed
$2,809,080
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$2,809,080
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
Heating
NONE
Lot
0.2 ac (8,915 SF)
Zoning code
GLC3*
APN
5643-020-068
UPID
US09-9943535
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.
Building & site characteristics
From public records
Heating
NONE
Lot
0.2 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
10 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
—
Deed
related
$26,000,000 · Berkadia Commercial Mortgage LLC
Nov 22, 2017
—
Legendary Tower Glendale LLC
—
Deed
related
—
Jul 29, 2016
—
Legendary Tower Glendale LLC
—
Deed
related
—
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
—
May 24, 2005
—
Brittan Family Trust
Brittan,maynard M & Linda T
Quit Claim Deed
related
—
—
—
Glendale Tower Partners
—
Deed Of Trust
related
$5,200,000 · Anderson Charles B Trust
—
—
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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