New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,345,000
Investment properties
515 Glendale Ave Glendale, CA 91205-2272
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6352412
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1949
Total area
4,858 SF
Lot
0.25 ac (11,098 SF)
Zoning code
GLC3*
APN
5641-005-027
UPID
US09-6352412
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
-
Karina's Cake House Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.48M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.35M
Owner & transaction history
515 S Glendale LLC · 4 yrs held
515 S Glendale LLC
since 2022
7 recorded transactions
Zoning & alternative use
GLC3* · Glendale, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.2M
+12.3%
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%
$1,605,000
6.5%
$1,480,000
7%
$1,375,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,965,000
Current use
MEDICAL BUILDING
$2,210,000
Change: +12% · Conversion: Easy
Blend value · Realmo final
$1.35M
Range $1.21M – $1.48M · ±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
$277 / 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
$32,351
Tax year 2024
Assessed value
$2,913,120
Assessed 2024
Previous assessed
$2,913,120
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$2,080,800
Assessed improvement
$832,320
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1949
Heating
NONE
Cooling
YES
Buildings
2
Units
3
Total area
4,858 SF
Lot
0.25 ac (11,098 SF)
Zoning code
GLC3*
APN
5641-005-027
UPID
US09-6352412
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$2.2M
COMMERCIAL (GENERAL) Current
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
1949
Heating
NONE
Cooling
Yes
Buildings
2
Units
3
Lot
0.25 ac
Current owner
From public records · entity-resolved
515 S Glendale LLC
Entity
Mailing address
1163 SWEETBRIAR DR, GLENDALE, CA 91206-1532
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
21 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2022
—
515 S Glendale LLC
Karine Tashkaplyan
Grant Deed
—
May 3, 2019
—
Tashkaplyan Trust
—
Deed
related
$482,000 · Bank Of America
Jan 31, 2019
—
Tashkaplyan Trust
—
Deed
related
$1,400,000 · Bank Of America
Jun 25, 2018
—
Tashkaplyan Trust
Tashkaplyan,karine
Quit Claim Deed
related
—
Aug 8, 2002
—
Karine Tashkaplyan
Tashkaplyan,g
Quit Claim Deed
related
—
Aug 8, 2002
$825,000
Karine Tashkaplyan
Shokrian,tr
Grant Deed
$530,000 · Quaker City Bank
Oct 9, 2001
—
Shokrian,lotfollah & Helen Tr
Shokrian,l & H
Quit Claim Deed
related
—
Mar 26, 1999
—
Lotfollah Shokrian
Shokrian,h
Quit Claim Deed
related
—
Mar 26, 1999
$520,000
Shokrian,lotfollah
Sharifov,alexander
Trustees Deed
$17,150 · Metropolition Investors Corp
Aug 28, 1998
—
Sharifov,alexander
Ghouliance Trust
Trustees Deed
$30,000 · Seller
Dec 22, 1993
—
Ghouliance,moussa&ella M Trust
Ghouliance,m M&e
Quit Claim Deed
related
—
Dec 3, 1993
—
M M Ghouliance
Rostamian,o D
Quit Claim Deed
related
—
May 13, 1992
—
Ghouliance Moussa M
—
Deed Of Trust
related
—
—
—
Tashkaplyan,karine
—
Deed Of Trust
related
$300,000 · Bank Of America
—
—
Karine Tashkaplyan
—
Deed Of Trust
related
$300,000 · Serop J & Joyce A Ayvazi
—
—
Lotfollah Shokrian
—
Deed Of Trust
related
$350,000 · First Credit Bank
—
—
Karine Tashkaplyan
—
Deed Of Trust
related
$100,000 · 721 Virginia LP
—
—
Moussa M Ghouliance
—
Deed Of Trust
related
$250,000 · Individual
—
—
Alexander Sharfov
—
Deed Of Trust
related
$51,400 · Individual
—
—
Tashkaplyan Trust
—
Deed Of Trust
related
$482,000 · Bank Of America
—
—
Tashkaplyan Trust
—
Deed Of Trust
related
$1,400,000 · Bank Of America
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?”
You own 515 Glendale Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
