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Property profile & analytics
FOR LEASE
Office buildings
450 Brand Blvd 600 Glendale, CA 91203
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6554541
For Lease
1 / 13
$129-$28,302/Mo
450 Brand Blvd,Unit 600, Glendale, CA 91203
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Property summary
AI-generated overview
This Class A Glendale office building, located at 450 North Brand Boulevard Suite 600, offers 22,780 square feet of premium workspace. The property, renovated in 2019, features 350 suites, with a minimum divisible space of 10 square feet and a maximum contiguous space of 1,300 square feet. Currently, 5,970 square feet are vacant. The building boasts convenient amenities including elevators and is situated in Los Angeles County, CA, zip code 91203. Tenancy is multiple, catering to diverse business needs. Options include private, fully furnished offices, customizable spaces, disaster recovery solutions, and day offices, all designed to accommodate businesses of any size. The building offers a benefits program with exclusive discounts and procurement support. Enjoy a prime location on a tree-lined boulevard, near prominent companies like DreamWorks and Walt Disney Imagineering, with easy access to restaurants, theaters, and the Museum of Neon Art. This vibrant business district location provides a collaborative and productive work environment.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1999
Construction
STEEL FRAME
Total area
220,624 SF
Lot
1.5 ac (65,437 SF)
Zoning code
GLC3-C2*
APN
5643-004-058
UPID
US09-6554541
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
-
Buildern (Bike/Boat/Book/etc) Store Corporate Office
-
Concept 33 Inc. Film Production Television Studio
-
Law Office of Edgar Poghosyan Law Firm
-
Quality Sheds, Inc. Construction Company
-
Critical Machine Logistics General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$71.24M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$59.49M
Owner & transaction history
Central Brand LLC · 2 yrs held
Central Brand LLC
since 2023
Last sale
$58.0M
4 recorded transactions
Zoning & alternative use
GLC3-C2* · 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
$50,715,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$77,175,000
6.5%
$71,240,000
7%
$66,150,000
Blend value · Realmo final
$59.49M
Range $53.54M – $65.44M · ±10% · vs last sale $58.00M (Dec 4 2023)
Last sale anchor
$58.00M
Dec 4 2023
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
$270 / 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
$1,162,241
Tax year 2024
Assessed value
$103,883,824
Assessed 2024
Previous assessed
$103,883,824
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$14,791,780
Assessed improvement
$89,092,044
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 (MULTI-STORY)
Status
For Lease
Year built
1999
Construction
STEEL FRAME
Heating
NONE
Total area
220,624 SF
Lot
1.5 ac (65,437 SF)
Zoning code
GLC3-C2*
APN
5643-004-058
UPID
US09-6554541
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
GLC3-C2* · Glendale, CA
Zoning GLC3-C2* · permitted uses
GLC3-C2* · 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
1999
Construction
STEEL FRAME
Heating
NONE
Lot
1.5 ac
Current owner
From public records · entity-resolved
Central Brand LLC
Entity
Free & Clear · 2 yrs held
Mailing address
2335 E COLORADO BLVD STE 115STE115, PASADENA, CA 91107-6833
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 19, 2025
—
Central Brand LLC
—
Deed
related
$20,000,000 · Cathay Bank
Dec 4, 2023
$58,000,000
Central Brand LLC
Kw Fund V Brand LLC
Grant Deed
—
May 24, 2017
$144,050,000
Kw Fund V Brand LLC
North Brand Property Owner LLC
Grant Deed
$94,000,000 · Jpmorgan Chase Bank NA
May 22, 2015
—
North Brand Property Owner LLC
Metropolitan Life Ins Co
Grant Deed
—
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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