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Property profile & analytics
OFF-MARKET
Estimated value
$1,935,000
Office buildings
721 Glendale Ave Glendale, CA 91205-2317
Entity Owned
24-yr Hold
~
Est. High Equity
Property ID
US09-7010578
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1961
Construction
WOOD
Total area
10,257 SF
Lot
0.36 ac (15,585 SF)
Zoning code
GLC3*
APN
5641-011-015
UPID
US09-7010578
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
-
Ararat Adult Day Health Care Center Adult Day Care
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.94M
Owner & transaction history
Kym Enterprises LLC · 24 yrs held
Kym Enterprises LLC
since 2002
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
$189 / 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
$20,442
Tax year 2024
Assessed value
$1,768,653
Assessed 2024
Previous assessed
$1,768,653
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$1,448,329
Assessed improvement
$320,324
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1961
Construction
WOOD
Heating
NONE
Stories
1
Total area
10,257 SF
Lot
0.36 ac (15,585 SF)
Zoning code
GLC3*
APN
5641-011-015
UPID
US09-7010578
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
1961
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
Kym Enterprises LLC
Entity
Mailing address
721 S GLENDALE AVE, GLENDALE, CA 91205-2317
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2002
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
Apr 30, 2002
—
Kym Enterprises LLC
Armenian Cultural Foundation
Grant Deed
$960,000 · Western Security Bank
Mar 15, 1995
—
Welsh,robert J & Beverly J Trust
Welsh,r J & B J
Quit Claim Deed
related
—
Jun 20, 1994
—
Welsh David
—
Deed Of Trust
related
—
Mar 25, 1992
—
Robert J Welsh
—
Deed Of Trust
related
—
Jul 20, 1989
—
Palandjian K B
Grigo
Quit Claim Deed
related
—
—
—
Kym Ents LLC
—
Deed Of Trust
related
$1,050,000 · California Bk&tr
—
—
Welsh Living Tr
—
Deed Of Trust
related
$536,000 · Western Federal Savings & Loan
—
—
Welsh Living Tr
—
Deed Of Trust
related
$3,500,000 · Sun Life Assur C
—
—
Kym Ents LLC
—
Deed Of Trust
related
$500,000 · California Bk&tr
—
—
Welsh Trust
—
Deed Of Trust
related
$5,000,000 · Community Bank NA
—
—
Kym Ents LLC
—
Deed Of Trust
related
$300,000 · Professional Business Bank
—
—
Kym Enterprises LLC
—
Deed Of Trust
related
$100,000 · Armenian Cultural Foundation
—
—
Welsh Living Tr
—
Deed Of Trust
related
$3,500,000 · Community Bank NA
—
—
Kym Ents LLC
—
Deed Of Trust
related
$1,210,000 · Citizens Business 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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