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Property profile & analytics
FOR SALE
Apartment buildings
729 Raleigh St Glendale, CA 91205
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6354399
For Sale
1 / 15
$3,999,000
729 Raleigh St, Glendale, CA 91205
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1964
Total area
11,424 SF
Lot
0.25 ac (10,782 SF)
Zoning code
GLR4YY
APN
5675-013-018
UPID
US09-6354399
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
$1.46M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.44M
Owner & transaction history
104 E Lomita LLC · 5 yrs held
104 E Lomita LLC
since 2020
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
GLR4YY · 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
$1,385,000
ML approach
$1,455,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.44M
Range $1.29M – $1.58M · ±10% · vs last sale $1.45M (Nov 13 2020)
Last sale anchor
$1.45M
Nov 13 2020
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
$126 / 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
$23,389
Tax year 2024
Assessed value
$2,021,164
Assessed 2024
Previous assessed
$2,021,164
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$1,254,518
Assessed improvement
$766,646
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
For Sale
Year built
1964
Heating
NONE
Units
12
Bathrooms
21
Total area
11,424 SF
Lot
0.25 ac (10,782 SF)
Zoning code
GLR4YY
APN
5675-013-018
UPID
US09-6354399
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
GLR4YY · Glendale, CAZoning GLR4YY · permitted uses
GLR4YY · Glendale, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1964
Heating
NONE
Units
12
Bathrooms
21
Lot
0.25 ac
Current owner
From public records · entity-resolved
104 E Lomita LLC
Entity
Mailing address
505 S LOUISE ST, GLENDALE, CA 91205-2130
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Sep 11, 2024
—
104 E Lomita LLC
—
Deed
related
$300,000 · Nejdeh Avakians
Aug 28, 2024
—
104 E Lomita LLC
—
Deed
related
$2,541,000 · Jpmorgan Chase Bank NA
Nov 24, 2020
—
Michael Blum
—
Deed
related
$300,000 · Nejdeh Avakians
Nov 13, 2020
—
104 E Lomita LLC
Michael Blum
Quit Claim Deed
—
Oct 2, 2020
—
Michael Blum
—
Deed
related
$2,440,000 · Axos Bank
Nov 20, 2017
—
Michael Blum
—
Deed
related
$2,200,000 · Bofi Federal Bank
Mar 23, 2004
$1,450,000
Michael Blum
Williams,virginia L
Grant Deed
$1,087,500 · United Commercial Bank
Oct 23, 1992
—
Virginia L Williams
—
Deed Of Trust
related
—
—
—
Michael Blum
—
Deed Of Trust
related
$400,000 · Ben Margulies
—
—
Michael Blum
—
Deed Of Trust
related
$210,000 · Vigen Tovmassian
—
—
Michael Blum
—
Deed Of Trust
related
$1,087,500 · Virginia L Williams
—
—
Michael Blum
—
Deed Of Trust
related
$300,000 · Nejdeh Avakians
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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