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Property profile & analytics
FOR LEASE
Investment properties
818 N Pacific Ave Glendale, CA 91203
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6359635
For Lease
1 / 9
$33 SF/Yr
818 N Pacific Ave, Glendale, CA 91203
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1989
Construction
TILT-UP CONCRETE
Total area
15,644 SF
Lot
0.82 ac (35,830 SF)
Zoning code
GLCP
APN
5636-015-191
UPID
US09-6359635
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
-
Vartan Karimian DDS Dental Office
-
Sis Enrichment Center Tutoring Service
-
Burger Bun Restaurant Take-out & Catering
-
House of Joy Chinese Restaurant Restaurant
-
Thai Me Upp Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.77M
Comparable Approach
Comparable
$5.85M
Blend (final)
Blend
$5.01M
Owner & transaction history
Canaan Properties LLC · 10 yrs held
Canaan Properties LLC
since 2015
7 recorded transactions
Zoning & alternative use
GLCP · Glendale, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$8.1M
+27.5%
Retail stores
$8.1M
+27.3%
Auto repair, garage
$7.8M
+23.6%
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%
$5,165,000
6.5%
$4,765,000
7%
$4,425,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$6,335,000
Current use
OFFICE BUILDING
$8,070,000
Change: +27% · Conversion: Easy
RETAIL STORES
$8,060,000
Change: +27% · Conversion: Easy
AUTO REPAIR, GARAGE
$7,830,000
Change: +24% · Conversion: Difficult
MEDICAL BUILDING
$7,110,000
Change: +12% · Conversion: Easy
INDUSTRIAL (GENERAL)
$6,105,000
Change: -4% · Conversion: Moderate
Blend value · Realmo final
$5.01M
Range $4.50M – $5.51M · ±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
$320 / 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
$116,827
Tax year 2024
Assessed value
$10,560,000
Assessed 2024
Previous assessed
$10,560,000
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$6,864,000
Assessed improvement
$3,696,000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
For Lease
Year built
1989
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
2
Total area
15,644 SF
Lot
0.82 ac (35,830 SF)
Zoning code
GLCP
APN
5636-015-191
UPID
US09-6359635
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
GLCP · Glendale, CA
Zoning GLCP · permitted uses
GLCP · 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
$6.3M
OFFICE BUILDING
Est. value
$8.1M
RETAIL STORES
Est. value
$8.1M
AUTO REPAIR, GARAGE
Est. value
$7.8M
MEDICAL BUILDING
Est. value
$7.1M
INDUSTRIAL (GENERAL)
Est. value
$6.1M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
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
1989
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.82 ac
Current owner
From public records · entity-resolved
Canaan Properties LLC
Entity
Mailing address
200 S RIMPAU BLVD, LOS ANGELES, CA 90004-3733
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
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
Feb 2, 2022
—
Canaan Properties LLC
—
Deed
related
$4,400,000 · Bbcn Bank
Sep 1, 2015
—
Canaan Properties LLC
Sung Jeen Hong
Grant Deed
$5,500,000 · First Citizens Bank & Trust Co
Sep 5, 2008
—
Sung Jeen Hong
Us Kuil INC
Grant Deed
$6,000,000 · Bank Of America NA
Sep 13, 2005
$3,754,000
Us Kuil INC
Chai,mi S
Grant Deed
—
Sep 13, 2005
—
Mi S Chai
Chai,tai U
Quit Claim Deed
related
—
Aug 19, 2004
—
Mi S Chai
Chai,tai U
Quit Claim Deed
related
—
Aug 19, 2004
$6,990,000
Mi S Chai
Kim,won S & Hae S
Grant Deed
$4,295,000 · Centerbank
Aug 20, 2002
$4,750,000
Won S Kim
Soohoo,martin K
Grant Deed
$3,200,000 · Wilshire State Bank
Feb 18, 2000
$4,000,000
Martin K Soohoo
Minassian,heros & Arax
Grant Deed
$2,380,000 · Cathay Bank
Oct 14, 1997
—
Heros Minassian
—
Grant Deed
related
$145,000 · Itla Funding Corp
—
—
Us Kuil INC
—
Deed Of Trust
related
$5,900,000 · Centerbank
—
—
Us Kuil INC
—
Deed Of Trust
related
$6,375,000 · Chb America 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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