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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Medical Office Space
511 Western Ave Glendale, CA 91201-2870
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US10-0406796
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1939
Construction
WOOD
Total area
2,652 SF
Lot
0.23 ac (10,212 SF)
Zoning code
GLC1*
APN
5626-001-002
UPID
US10-0406796
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
-
Dr. Razmik Ohanjanian, MD Physician
-
Western Multi Speciality Group Physician
-
Vartzar Robert DC Alternative Medicine Practice
-
Nare Arshakyan Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$375k
CAP Approach
CAP
$660k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$545k
Owner & transaction history
Renee Arakelian
Renee Arakelian
since 2026
6 recorded transactions
Zoning & alternative use
GLC1* · 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
$375,000
CAP Approach
CAP Return
Estimation
6%
$715,000
6.5%
$660,000
7%
$610,000
Blend value · Realmo final
$545k
Range $491k – $600k · ±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
$206 / 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
$9,170
Tax year 2024
Assessed value
$804,839
Assessed 2024
Previous assessed
$804,839
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$643,876
Assessed improvement
$160,963
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1939
Construction
WOOD
Heating
NONE
Cooling
OTHER
Stories
1
Total area
2,652 SF
Lot
0.23 ac (10,212 SF)
Zoning code
GLC1*
APN
5626-001-002
UPID
US10-0406796
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
GLC1* · Glendale, CA
Zoning GLC1* · permitted uses
GLC1* · 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
1939
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Renee Arakelian
Individual
Mailing address
3604 SAN FERNANDO RD, GLENDALE, CA 91204-2917
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2026
—
Renee Arakelian
Youredjian Family Trust
Deed
related
—
Jun 6, 2017
—
Toluca Lake Investments LLC
—
Deed
related
$1,000,000 · City Nat'l Bk/colorado Cty
Jul 6, 2007
$1,200,000
Toluca Lake Investments LLC
Thomas R W & M A Fam Trust
Grant Deed
$1,000,000 · Thomas Rex W & M A Fam Trust
Dec 18, 2006
—
Rex W Thomas
Thomas Martha M Trust
Quit Claim Deed
related
—
—
—
Toluca Lake Investments LLC
—
Deed Of Trust
related
$1,000,000 · City Nat'l Bk/colorado Cty
Oct 29, 1958
—
—
—
Grant Deed
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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