Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1045 Azusa Ave Covina, CA 91722-2648

    • Mobile home & RV parks
    • 0.11 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-9174612
    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.

    Current Use by Public Records

    • PC REPAIR 4U / Electronics & Wireless Store
    • Starlite mobile homes / Community Center / Advocacy Group
    • PC REPAIR 2022 / Tech Support Center / (Bike/Boat/Book/etc) Store
    • Human Expansiveness Research / Training Center
    • Starlite Mobile Estates / Campground & RV Park

    Property Details for 1045 Azusa Ave

    Year built
    1971
    Lot size
    0.11 lot acres
    Zone code
    CVRTP*
    Property type
    Mobile home & RV parks
    APN
    8420-014-061
    APU
    8420014061

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Covina
    County
    Los Angeles
    State
    California
    Longitude
    -117.909
    Latitude
    34.0963
    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
    $8,453
    $16,554
    $5,259
    $21,813
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $610,000
      3,939 SF

      1380 Citrus Ave

      MOBILE HOME PARK, TRAILER PARK • 3,939 SF
      1380 Citrus Ave, Covina, CA 91722-1737
      View Details
    • Value Estimation by Request
      544 SF

      1324 Citrus Ave

      MOBILE HOME PARK, TRAILER PARK • 544 SF
      1324 Citrus Ave, Covina, CA 91722-1750
      View Details
    • Value Estimation by Request
      1.02 Acres

      1045 Azusa Ave

      MOBILE HOME PARK, TRAILER PARK • 1.02 Acres
      1045 Azusa Ave, Covina, CA 91722-2648
      View Details
    • Value Estimation by Request
      1,248 SF

      929 Cypress St

      MOBILE HOME PARK, TRAILER PARK • 1,248 SF
      929 Cypress St, Covina, CA 91722-3127
      View Details
    • Value Estimation by Request
      1,617 SF

      945 Cypress St

      MOBILE HOME PARK, TRAILER PARK • 1,617 SF
      945 Cypress St, Covina, CA 91722
      View Details
    • Value Estimation by Request
      0.72 Acres

      1045 Azusa Ave

      MOBILE HOME PARK, TRAILER PARK • 0.72 Acres
      1045 Azusa Ave, Covina, CA 91722-2648
      View Details

    Similar Nearby for Sale

    • $119,999

      Updated Mobile Home in Covina

      Two-bedroom, two-bath mobile home with updated features and community amenities.
      1045 Asuza Ave, Covina, CA 91722
      View Details
    • $80,000

      Remodeled Home in All-Age Community

      Remodeled home with community amenities in Starlite Mobile Estates.
      1045 N Azusa Ave, Covina, CA 91722
      View Details
    • $150,000

      Covina Mobile Home with Amenities

      Well-maintained 2-bedroom mobile home with community amenities in Covina.
      1380 N Citrus D-10, Covina, CA 91722
      View Details
    • Contact for pricing
      2,000 SF

      Covina Retail Space: Double Bay Unit

      Prime Covina location, 2,000 sq ft retail space.
      1431, Covina, CA 91722
      View Details
    • Contact for pricing
      9,900 SF

      Covina Freestanding Cold Storage Building

      9,900 SF Covina building suitable for cold storage/food processing.
      783 W Front St, Covina, CA 91722
      View Details
    • $895,000
      3,025 SF

      Covina Mixed-Use Investment Opportunity

      Three-unit property, high-return potential.
      1463 Hollenbeck Ave, Covina, CA 91722
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Energy-Efficient Home in Covina

      Newer home near colleges, freeways, and downtown Covina.
      1139 Orch, Covina, CA 91722
      View Details
    • Contact for pricing

      Fully Leased Office Building

      Office building in Covina, CA, currently 100% leased.
      668 Arrow Grand Cir, Covina, CA 91722
      View Details
    • $18 SF/Yr
      14,240 SF

      Starlite Plaza: Covina Office Suites

      Prime Covina Office & Retail Space Available
      1011 Azusa Ave, Covina, CA 91722
      View Details
    • Contact for pricing

      Turnkey Restaurant & Bar Space

      Ready-to-operate restaurant and bar with minimal build-out costs.
      975 W San Bernardino Rd, Covina, CA 91722
      View Details
    • Contact for pricing

      Retail Space in Covina Center

      1,500 SF retail space in a high-traffic Covina strip center.
      128 E Arrow Hwy, Covina, CA 91722
      View Details
    • Contact for pricing
      1,000 SF

      Covina Industrial Space Available

      Industrial space for lease in well-maintained business park.
      1526-1536 W Industrial Park St, Covina, CA 91722
      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.
    1045 Azusa Ave
    Covina, CA 91722-2648
    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

    Google sign-in failed. Please try again or use another login method.