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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Warehouses
632 Elk Ave Glendale, CA 91204-1404
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US09-6538987
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1987
Construction
TILT-UP CONCRETE
Total area
2,240 SF
Lot
0.14 ac (5,984 SF)
Zoning code
GLM2YY
APN
5696-007-020
UPID
US09-6538987
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
$380k
CAP Approach
CAP
$485k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$520k
Owner & transaction history
West Elk Ave LLC · 9 yrs held
West Elk Ave LLC
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
Method
Estimation
Statistic approach
by Request
ML approach
$380,000
CAP Approach
CAP Return
Estimation
6%
$530,000
6.5%
$485,000
7%
$455,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$660,000
Current use
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$232 / 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
$13,958
Tax year 2024
Assessed value
$1,251,609
Assessed 2024
Previous assessed
$1,251,609
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$750,966
Assessed improvement
$500,643
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1987
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
2,240 SF
Lot
0.14 ac (5,984 SF)
Zoning code
GLM2YY
APN
5696-007-020
UPID
US09-6538987
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$660,000
WAREHOUSE, STORAGE Current
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
1987
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
West Elk Ave LLC
Entity
Mailing address
632 W ELK AVE, GLENDALE, CA 91204-1404
Mailing matches property
Yes
Owner-occupied
Yes
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2016
$1,100,000
West Elk Ave LLC
Ritt Industries LLC
Grant Deed
$750,000 · First Citizens Bank & Trust Co
Feb 11, 2014
—
Ritt Industries LLC
Ritt Entertainment LLC
Quit Claim Deed
—
Aug 17, 2011
$735,000
Ritt Entertainment LLC
Td Service Co
Trustees Deed
related
—
May 27, 2011
—
Global Solutions Foundation Ss
Darinyan,artur
Grant Deed
—
Mar 12, 2009
—
Artur Darbinyan
Yunona & Assocs R/e Inv Corp
Grant Deed
—
Mar 8, 2006
$250,000
Armik Assatourian
Abramian,araknazan
Grant Deed
—
Mar 8, 2006
—
Armik Assatourian
Assatourian,janet
Quit Claim Deed
related
—
Aug 1, 2005
$595,000
Araknazan Abramian
International Mgmt Ents INC
Grant Deed
$500,000 · Broutian Family Trust 006329
Feb 27, 1991
$480,000
International Ma
Akli John E
Grant Deed
—
—
—
City Live Oak Community LLC
—
Deed Of Trust
related
$6,250,000 · Bolour Associates INC
—
—
Artur Darbinyan
—
Deed Of Trust
related
$350,000 · Yunona & Assocs R/e Inv Corp
—
—
Ritt Industries LLC
—
Deed Of Trust
related
$1,000,000 · Bolour Associates INC
—
—
Ritt Ent LLC
—
Deed Of Trust
related
$800,000 · Jl Financing LLC
—
—
Ritt Entertainment LLC
—
Deed Of Trust
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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