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Property profile & analytics
OFF-MARKET
Estimated value
$3,410,000
Apartment buildings
3119 Montrose Ave Glendale, CA 91214
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7823198
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1962
Total area
23,803 SF
Lot
0.75 ac (32,591 SF)
Zoning code
GLR3R*
APN
5610-001-016
UPID
US09-7823198
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
$3.41M
Owner & transaction history
C B & P Anderson Family LLC · 10 yrs held
C B & P Anderson Family LLC
since 2015
7 recorded transactions
Zoning & alternative use
GLR3R* · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$143 / 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
$55,906
Tax year 2024
Assessed value
$4,807,398
Assessed 2024
Previous assessed
$4,807,398
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$1,488,792
Assessed improvement
$3,318,606
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
1962
Heating
NONE
Buildings
2
Units
21
Bathrooms
12
Total area
23,803 SF
Lot
0.75 ac (32,591 SF)
Zoning code
GLR3R*
APN
5610-001-016
UPID
US09-7823198
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
GLR3R* · Glendale, CA
Zoning GLR3R* · permitted uses
GLR3R* · 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
1962
Heating
NONE
Buildings
2
Units
21
Bathrooms
12
Lot
0.75 ac
Current owner
From public records · entity-resolved
C B & P Anderson Family LLC
Entity
Mailing address
2852 FOOTHILL BLVD, LA CRESCENTA, CA 91214-3404
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2015
—
C B & P Anderson Family LLC
Anderson,bradford H
Quit Claim Deed
related
—
Sep 23, 2015
—
Bradford H Anderson
Anderson Trust No 1
Quit Claim Deed
related
—
Mar 28, 2013
—
Patricia H Anderson
Anderson,blair F
Affidavit Of Death
related
—
Jan 10, 2013
—
Anderson Gifting Trust No 1
Anderson B F & P H Trust
Quit Claim Deed
related
—
Nov 14, 2003
—
Blain F Anderson
Web Service Co INC
Quit Claim Deed
related
$1,315,000 · Washington Mutual Fsb
Jul 26, 1991
—
Anderson Trust
Anderson Trust
Quit Claim Deed
related
$609,000 · American Savings Bank
—
—
Anderson Trust
—
Deed Of Trust
related
$920,000 · American Savings Bank
—
—
Anderson Trust
—
Deed Of Trust
related
$1,310,000 · Washington Mutual Fsb
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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