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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Commercial kitchens
523 Central Ave Glendale, CA 91203-1901
Entity Owned
~
Est. High Equity
Property ID
US09-6918704
Property profile
Verified
Property type
Commercial kitchens
Use group
TAKE-OUT RESTAURANT
Year built
1993
Construction
WOOD
Total area
3,438 SF
Lot
0.38 ac (16,383 SF)
Zoning code
GLC3 *
APN
5637-003-053
UPID
US09-6918704
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$590k
Owner & transaction history
City Of Glendale
City Of Glendale
since 2025
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$172 / 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
$44,129
Tax year 2024
Assessed value
$3,736,987
Assessed 2024
Previous assessed
$3,736,987
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$3,736,987
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
Commercial kitchens
Use group
TAKE-OUT RESTAURANT
Status
Off-Market
Year built
1993
Construction
WOOD
Heating
NONE
Cooling
OTHER
Stories
1
Total area
3,438 SF
Lot
0.38 ac (16,383 SF)
Zoning code
GLC3 *
APN
5637-003-053
UPID
US09-6918704
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
1993
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.38 ac
Current owner
From public records · entity-resolved
City Of Glendale
Entity
Mailing address
PO BOX 250250, GLENDALE, CA 91225-0250
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2025
—
City Of Glendale
Vk Central LLC
Deed
—
Feb 23, 2018
$8,500,000
Vk Central LLC
Stevenson Robert & S Trust
Grant Deed
—
Feb 6, 2015
—
Stevenson,r & S Family Trust
Stevenson R W 1968 Trust
Quit Claim Deed
related
—
Jan 8, 2015
—
Stevenson,robert W 1968 Trust
Stevenson Robert W Trust
Quit Claim Deed
related
—
Jan 16, 2008
$2,500,000
Stevenson Robert W Trust
Parks Family Trust
Grant Deed
$2,500,000 · Parks Family Trust
Sep 15, 1993
$500,000
Raymond C Parks
Lytle,john J & M
Grant Deed
$403,271 · Seller
Jul 28, 1971
—
—
—
Grant Deed
related
—
—
—
Stevenson,robert W Trust
—
Deed Of Trust
related
$2,224,804 · Parks Family Trust (pt)
—
—
Stevenson Trust
—
Deed Of Trust
related
$405,000 · American Pacific State Bank
—
—
Stevenson Robert W Trust
—
Deed Of Trust
related
$2,492,629 · Parks Family Trust
—
—
Parks Family Trust
—
Deed Of Trust
related
$900,000 · Citizens Business Bank
—
—
Robert W Stevenson
—
Deed Of Trust
related
$952,475 · Sterling 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.
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