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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Investment properties
744 Salem St Glendale, CA 91203-2498
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9540414
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1947
Construction
TILT-UP CONCRETE
Total area
2,108 SF
Lot
0.16 ac (7,160 SF)
Zoning code
GLM2YY
APN
5638-007-046
UPID
US09-9540414
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
by Request
CAP Approach
CAP
$640k
Comparable Approach
Comparable
$491k
Blend (final)
Blend
$650k
Owner & transaction history
Salem Three LLC · 9 yrs held
Salem Three LLC
since 2016
7 recorded transactions
Zoning & alternative use
GLM2YY · Glendale, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+23.6%
Medical building
$960,000
+12.3%
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%
$695,000
6.5%
$640,000
7%
$595,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$855,000
Current use
AUTO REPAIR, GARAGE
$1,055,000
Change: +24% · Conversion: Difficult
MEDICAL BUILDING
$960,000
Change: +12% · Conversion: Easy
Blend value · Realmo final
$650k
Range $585k – $715k · ±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
$308 / 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
$9,747
Tax year 2024
Assessed value
$859,626
Assessed 2024
Previous assessed
$859,626
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$518,279
Assessed improvement
$341,347
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1947
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Bathrooms
1
Total area
2,108 SF
Lot
0.16 ac (7,160 SF)
Zoning code
GLM2YY
APN
5638-007-046
UPID
US09-9540414
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
COMMERCIAL (GENERAL) Current
Est. value
$855,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$960,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1947
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Bathrooms
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Salem Three LLC
Entity
Mailing address
11812 SAN VICENTE BLVD4THFL, LOS ANGELES, CA 90049-5022
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2016
$4,895,500
Salem Three LLC
Raisin Bob LLC
Grant Deed
—
Dec 28, 2005
$1,800,000
Raisin Bob LLC
Mullin Lumber
Grant Deed
—
May 18, 2000
$1,498,000
Mullin Lumber Co
Greywestinc
Grant Deed
—
Mar 24, 1998
$630,000
Greywest INC
Seidel,bruce K
Grant Deed
—
Apr 25, 1996
—
Bruce K Seidel
Seidel,s Y
Quit Claim Deed
related
—
Jun 20, 1988
—
Richard Leboeuf
Leboe
Quit Claim Deed
related
—
—
—
Raisin Bob LLC
—
Deed Of Trust
related
$1,260,000 · Citizens Business Bank
—
—
Raisin Bob LLC
—
Deed Of Trust
related
$360,000 · Citizens Business Bank
—
—
Bruce K Seidel
—
Deed Of Trust
related
$70,000 · One Central 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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