Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1024 Glendora Ave West Covina, CA 91790-4920
    Back to Search
    Property profile & analytics

    1024 Glendora Ave, West Covina, CA 91790-4920

    View on Map
    • Medical Office Space
    • 955 SF
    • 0.16 lot acres
    Off-Market
    Last Sale Jan 14, 2021
    $505,005
    Property ID
    US10-0373744
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $505,000
    Show details
    Cap Rate Potential
    3.1%
    Medical Office Space
    Location Intelligence

    Current Use by Public Records

    • Glendora Vine Family Dentistry / Dental Office

    Property Details for 1024 Glendora Ave

    Year built
    1949
    Construction
    WOOD
    Lot size
    0.16 lot acres
    Zone code
    WCOP*
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    8488-002-006
    APU
    8488002006

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 14, 2021 $505,000 Nexxsol Corporation Marcelo S Jimenez JR Grant Deed $379k · Bank Of America NA
    Jan 5, 2010 — Marcelo S Jimenez JR. Marcelo Jimenez First Famly LP Quit Claim Deed —
    May 13, 1992 — Marcelo Jimenez First Family Ltd — Deed Of Trust · related —
    Oct 25, 1991 — Marcelo Jimenez Marcelo Jimenez Quit Claim Deed · related $125k · Old Stone Credit Corp

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $505,000
      ML approach
      $510,000

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $435,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $580,000
      Change: +34% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $440,000
      Change: +2% Conversion: Difficult
      WAREHOUSE, STORAGE
      $365,000
      Change: -15% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    West Covina
    County
    Los Angeles
    State
    California
    Longitude
    -117.936
    Latitude
    34.0569
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $6,790
    $493,461
    $42,448
    $535,909
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $7,855,000
      39,885 SF

      1250 Sunset Ave

      MEDICAL BUILDING
      1250 Sunset Ave, West Covina, CA 91790-3961
      View Details
    • Value Estimation
      $2,665,000
      14,248 SF

      222 Sunset Ave, Unit 101

      MEDICAL BUILDING
      222 Sunset Ave, West Covina, CA 91790-2278
      View Details
    • Value Estimation
      $1,015,000
      5,884 SF

      1290 Sunset Ave

      MEDICAL BUILDING
      1290 Sunset Ave, West Covina, CA 91790-3959
      View Details
    • Value Estimation by Request
      2,901 SF

      417 Merced Ave

      MEDICAL BUILDING
      417 Merced Ave, West Covina, CA 91790-5023
      View Details
    • Value Estimation by Request
      2,203 SF

      333 Sunset Ave

      MEDICAL BUILDING
      333 Sunset Ave, West Covina, CA 91790-1651
      View Details
    • Value Estimation
      $2,610,000
      10,403 SF

      1511 Garvey N Ave

      MEDICAL BUILDING
      1511 Garvey N Ave, West Covina, CA 91790-2138
      View Details

    Similar Nearby for Sale

    • $2,249,000

      Veterinary Practice with Real Estate

      Established veterinary practice and real estate in West Covina.
      Covina, CA 91790
      View Details
    • $15,025,000

      Medical Office Building Near Hospital

      Standalone medical office near Interstate 10 and Emanate Health Hospital.
      1500 West Covina Pkwy, West Covina, CA 91790
      View Details
    • Contact for pricing

      Medical/Professional Office Suites For Lease

      Medical/professional office suites with great access and parking.
      933-935 S Sunset Ave, West Covina, CA 91790
      View Details
    • Contact for pricing
      12,380 SF

      Medical/Professional Office Near Freeway

      Medical/Professional office space for sale near Queen of the Valley Hospital.
      767 S Sunset Ave, West Covina, CA 91790
      View Details
    • Contact for pricing
      1,100 SF

      West Covina Medical Office Building

      Medical office building with suites available and ample parking.
      Covina, CA 91790
      View Details

    Similar Nearby for Lease

    • $2,885 /Mo
      1,518 SF

      West Covina Office/Medical Space

      West Covina office/medical office space for lease near freeways.
      1543 W Garvey Ave, West Covina, CA 91790
      View Details
    • Contact for pricing
      14,836 SF

      West Covina Office Space Available

      Third-floor office space for lease in West Covina, CA.
      1521 W Cameron Ave, West Covina, CA 91790
      View Details
    • Contact for pricing

      Medical/Professional Office Suites For Lease

      Medical/professional office suites for lease with great access.
      935 S Sunset Ave, West Covina, CA 91790
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1024 Glendora Ave
    West Covina, CA 91790-4920
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1024 Glendora Ave, West Covina, CA, 91790
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!