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Property profile & analytics
OFF-MARKET
Estimated value
$1,685,000
Office buildings
5406 San Fernando Rd Glendale, CA 91203-2857
Trust Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6359566
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1929
Construction
WOOD
Total area
8,044 SF
Lot
0.1 ac (4,486 SF)
Zoning code
GLM2YY
APN
5638-018-028
UPID
US09-6359566
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
-
Intera Dental Designs Dental Office
-
Sofa Interiors Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.69M
Owner & transaction history
Parsekhian,rasmik & J Trust · 10 yrs held
Parsekhian,rasmik & J Trust
since 2016
7 recorded transactions
Zoning & alternative use
GLM2YY · 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
$209 / 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
$19,924
Tax year 2024
Assessed value
$1,767,419
Assessed 2024
Previous assessed
$1,767,419
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$706,967
Assessed improvement
$1,060,452
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
Status
Off-Market
Year built
1929
Construction
WOOD
Heating
NONE
Stories
1
Total area
8,044 SF
Lot
0.1 ac (4,486 SF)
Zoning code
GLM2YY
APN
5638-018-028
UPID
US09-6359566
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
GLM2YY · Glendale, CA
Zoning GLM2YY · permitted uses
GLM2YY · 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
1929
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
Parsekhian,rasmik & J Trust
Trust
Mailing address
2014 DUBLIN DR, GLENDALE, CA 91206-1005
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2019
—
Parsekhian,r & J Fam Trust
—
Grant Deed
related
$1,500,000 · Eastern Int'l Bk
May 16, 2016
—
Parsekhian,rasmik & J Trust
Parsekhian,ramik & Jasik
Quit Claim Deed
related
—
Oct 16, 2014
—
Rasmik Parsekhian
Scott Hazarian
Grant Deed
$1,100,000 · Eastern International Bank
Oct 31, 2002
$2,000,000
Scott Hazarian
Khalaj,melina
Grant Deed
$700,000 · National Bank California
Feb 28, 2001
—
Melina Khalaj
—
Grant Deed
related
$470,000 · National Bank California
Mar 2, 2000
$275,000
Gem A Golden
—
Grant Deed
related
—
Apr 19, 1991
$450,000
Plexacraft Products INC
Unknown
Grant Deed
—
—
—
Melina Khalej
—
Deed Of Trust
related
$530,000 · National Bank California
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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