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Property profile & analytics
OFF-MARKET
Estimated value
$27,560,000
Warehouses
620 Elk Ave Glendale, CA 91204-1404
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6538989
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2022
Construction
STEEL FRAME
Total area
216,460 SF
Lot
1.31 ac (57,198 SF)
Zoning code
GLM2*
APN
5696-007-045
UPID
US09-6538989
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
-
COP Communications Inc Marketing & Advertising Printing Service
-
Trojan Storage of Glendale Storage Facility
-
VJ DESIGN Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Imprenta Distribution Center
-
California Offset Printers, Inc. Marketing & Advertising Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$30.40M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$27.56M
Owner & transaction history
Rafik Gabriel · 1 yrs held
Rafik Gabriel
since 2024
7 recorded transactions
Zoning & alternative use
GLM2* · 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
by Request
CAP Approach
CAP Return
Estimation
6%
$32,935,000
6.5%
$30,400,000
7%
$28,230,000
Blend value · Realmo final
$27.56M
Range $24.80M – $30.32M · ±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
$127 / 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
$419,621
Tax year 2024
Assessed value
$37,113,091
Assessed 2024
Previous assessed
$37,113,091
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$4,593,311
Assessed improvement
$32,519,780
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2022
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
216,460 SF
Lot
1.31 ac (57,198 SF)
Zoning code
GLM2*
APN
5696-007-045
UPID
US09-6538989
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
GLM2* · Glendale, CA
Zoning GLM2* · permitted uses
GLM2* · 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
2022
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
1.31 ac
Current owner
From public records · entity-resolved
Rafik Gabriel
Individual
Mailing address
1732 AVIATION BLVD #217, REDONDO BEACH, CA 90278-2810
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 26, 2024
—
Rafik Gabriel
Rafi Gabriel
Deed
related
—
Aug 18, 2023
—
620 E Elk LLC
Gevorg Atoian
Grant Deed
—
Mar 23, 2022
—
Trojan Storage Of Glendale LLC
—
Deed
related
$129,750,000 · Aig Asset Management LLC
Apr 15, 2020
—
Trojan Storage Of Glendale LLC
—
Deed Of Trust
related
$29,500,000 · Comerica Bk
Apr 25, 2019
—
Trojan Storage Of Glendale LLC
—
Grant Deed
related
$6,250,000 · Comerica Bk
Feb 11, 2019
$9,000,000
Trojan Storage Of Glendale LLC
Ritt Industries LLC
Grant Deed
—
Dec 10, 2018
—
Ritt Industries LLC
—
Deed
related
$500,000 · Kobre Holdings LLC
Aug 3, 2018
—
Ritt Industries LLC
—
Trustees Deed
related
$7,100,000 · Private Mtg Fund
Mar 30, 2018
—
Ritt Industries LLC
—
Deed
related
$500,000 · Aso LLC
Dec 24, 2003
—
Ritt Industries LLC
—
Deed Of Trust
related
$2,905,000 · Wells Fargo Bank
Jun 30, 1999
—
Industries Ritt
Calif Offset Printers,
Grant Deed
related
—
Aug 18, 1998
$3,000,000
California Offset Printers INC
Hedlund Trust
Grant Deed
$2,595,000 · Finova Capital Corp
Feb 9, 1993
—
Hedlund John
—
Deed Of Trust
related
—
—
—
Ritt Industries LLC
—
Deed Of Trust
related
$500,000 · Kobre Holdings LLC
—
—
Ritt Industries LLC
—
Deed Of Trust
related
$8,250,000 · Us Bank NA
—
—
City Live Oak Community LLC
—
Deed Of Trust
related
$6,250,000 · Bolour Associates INC
—
—
Ritt Industries LLC
—
Deed Of Trust
related
$1,000,000 · Bolour Associates INC
—
—
Ritt Industries LLC
—
Deed Of Trust
related
$500,000 · Aso LLC
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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