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Property profile & analytics
FOR LEASE
Office buildings
315 Arden Ave Glendale, CA 91203
Trust Owned
10-yr Hold
Free & Clear
Property ID
US09-7004435
For Lease
$7,670,000
315 Arden Ave, Glendale, CA 91203
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1974
Construction
WOOD
Total area
26,560 SF
Lot
1.1 ac (47,735 SF)
Zoning code
GLC2*
APN
5636-012-065
UPID
US09-7004435
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
-
Server Support (Bike/Boat/Book/etc) Store Corporate Office
-
Speech Improvement Center Physician
-
Alliance Home Health Care Services Home Health Care Service Nursing Agency
-
Y U Save Insurance Services Inc. Insurance Agency
-
Allwest Nursing Services Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.58M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.67M
Owner & transaction history
Garikian,george Living Trust · 10 yrs held
Garikian,george Living Trust
since 2016
5 recorded transactions
Zoning & alternative use
GLC2* · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$9,290,000
6.5%
$8,575,000
7%
$7,965,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$12,075,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$7.67M
Range $6.90M – $8.44M · ±10%
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
$289 / 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
$119,902
Tax year 2024
Assessed value
$10,735,414
Assessed 2024
Previous assessed
$10,735,414
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$3,945,990
Assessed improvement
$6,789,424
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1974
Construction
WOOD
Heating
NONE
Stories
1
Total area
26,560 SF
Lot
1.1 ac (47,735 SF)
Zoning code
GLC2*
APN
5636-012-065
UPID
US09-7004435
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
GLC2* · Glendale, CA
Zoning GLC2* · permitted uses
GLC2* · 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
MEDICAL BUILDING
Est. value
$12.1M
MEDICAL BUILDING
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
1974
Construction
WOOD
Heating
NONE
Stories
1
Lot
1.1 ac
Current owner
From public records · entity-resolved
Garikian,george Living Trust
Trust
Free & Clear · 10 yrs held
Mailing address
PO BOX 831, LA CANADA, CA 91012-0831
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2016
—
Garikian,george Living Trust
Garikian D Living Trust
Quit Claim Deed
related
—
Apr 15, 2016
$9,250,000
315 Arden Ave LLC
Kareco INC
Grant Deed
$5,550,000 · Logix FCU
Aug 28, 2014
$6,925,000
Kareco INC
315 Arden LLC
Grant Deed
$4,863,000 · Logix FCU
Jul 30, 1999
$3,245,000
315 Arden
Founders,finl
Trustees Deed
—
—
—
315 Arden LLC
—
Deed Of Trust
related
$2,000,000 · Western Security 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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