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Property profile & analytics
OFF-MARKET
Estimated value
$5,235,000
Office buildings
412 Broadway Glendale, CA 91204-4117
Entity Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6360678
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1983
Total area
22,368 SF
Lot
0.42 ac (18,237 SF)
Zoning code
GLC3*
APN
5695-004-084
UPID
US09-6360678
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
-
Extraordinary Movers Moving Company Storage Facility
-
Airmid Home Health Care Home Health Care Service
-
Miracle Plumber Plumbing Service General Contractor
-
St-Luke Home Health Care Home Health Care Service
-
Hagop Jwal Bartanian: Primerica - Financial Services Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.22M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.24M
Owner & transaction history
Ohanian Building LLC · 20 yrs held
Ohanian Building LLC
since 2005
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$7,825,000
6.5%
$7,220,000
7%
$6,705,000
Blend value · Realmo final
$5.24M
Range $4.71M – $5.76M · ±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
$234 / 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
$66,971
Tax year 2024
Assessed value
$5,974,391
Assessed 2024
Previous assessed
$5,974,391
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$2,172,502
Assessed improvement
$3,801,889
Applied tax rate
11.0000
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 (MULTI-STORY)
Status
Off-Market
Year built
1983
Heating
NONE
Stories
3
Total area
22,368 SF
Lot
0.42 ac (18,237 SF)
Zoning code
GLC3*
APN
5695-004-084
UPID
US09-6360678
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
Year built
1983
Heating
NONE
Stories
3
Lot
0.42 ac
Current owner
From public records · entity-resolved
Ohanian Building LLC
Entity
Mailing address
1041 KILDONAN DR, GLENDALE, CA 91207-1103
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
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
Nov 8, 2016
—
Ohanian Building LLC
—
Deed
related
$2,000,000 · Jpmorgan Chase Bank NA
Sep 30, 2005
—
Ohanian Building LLC
Ohanian Garnik Trust
Quit Claim Deed
$1,450,000 · Citibank West Fsb
Apr 8, 2002
$4,125,000
Ohanian Trust
Younan,zaya S & Sherry S
Grant Deed
$2,875,000 · Telesis Community Cu
Feb 26, 1998
$2,735,000
Zaya S Younan
Sterpa Trust
Grant Deed
$2,400,000 · Seller
Jan 22, 1997
$500
Sebastiano Sterpa
Vitale Trust
Grant Deed
related
—
Dec 29, 1995
$500
Vitale Trust
Onloch Property Associates
Grant Deed
related
—
—
—
Onloch Property Associates
—
Deed Of Trust
related
$103,000 · Us Small Business Admn
—
—
Onioc
—
Deed Of Trust
related
$2,600,000 · Lincoln National Bank
—
—
Zaya S Younan
—
Deed Of Trust
related
$3,000,000 · Telesis Community Cu
—
—
Zaya S Younan
—
Deed Of Trust
related
$2,590,000 · Valencia Bank & Trust
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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