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Property profile & analytics
OFF-MARKET
Estimated value
$3,625,000
Office buildings
1051 Park Vw Dr Covina, CA 91724-3700
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8611731
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Construction
TILT-UP CONCRETE
Total area
16,144 SF
Lot
0.78 ac (33,852 SF)
Zoning code
CVE5&PCD*
APN
8448-019-034
UPID
US09-8611731
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.63M
Owner & transaction history
Pswa Real Estate Holdings LLC · 6 yrs held
Pswa Real Estate Holdings LLC
since 2019
7 recorded transactions
Zoning & alternative use
CVE5&PCD* · Covina, 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 Covina submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Covina 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,045,000
Current use
COMMERCIAL (GENERAL)
$4,990,000
Change: -1% · Conversion: Easy
WAREHOUSE, STORAGE
$4,745,000
Change: -6% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,200,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$3.63M
Range $3.26M – $3.99M · ±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
$225 / 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
$53,020
Tax year 2024
Assessed value
$4,127,975
Assessed 2024
Previous assessed
$4,127,975
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$1,983,572
Assessed improvement
$2,144,403
Applied tax rate
3.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1987
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
16,144 SF
Lot
0.78 ac (33,852 SF)
Zoning code
CVE5&PCD*
APN
8448-019-034
UPID
US09-8611731
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
CVE5&PCD* · Covina, CA
Zoning CVE5&PCD* · permitted uses
CVE5&PCD* · Covina, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Covina. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$5.0M
COMMERCIAL (GENERAL)
Est. value
$5.0M
WAREHOUSE, STORAGE
Est. value
$4.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.2M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
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
1987
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.78 ac
Current owner
From public records · entity-resolved
Pswa Real Estate Holdings LLC
Entity
Mailing address
18870 DAMASCO ST, WEST COVINA, CA 91792-3035
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 26, 2020
—
Pswa Real Estate Holdings LLC
—
Deed
related
$2,073,998 · Jp Morgan Chase Bk
Dec 12, 2019
$3,850,000
Pswa Real Estate Holdings LLC
Ecom Mortgage INC
Grant Deed
$2,073,998 · Jpmorgan Chase Bank NA
May 20, 2019
—
Ecom Mtg INC
—
Trustees Deed
related
$1,000,000 · Junwei Hu
Dec 22, 2014
—
Ecom Mtg INC
1051 Parkview LLC
Quit Claim Deed
—
Jul 10, 2012
$1,675,000
1051 Parkview LLC
Central Health Group INC
Grant Deed
$866,182 · Interimlender.com
Dec 21, 2005
—
Central Health Group INC
—
Deed Of Trust
related
$3,000,000 · Hanmi Bank
Sep 14, 2005
—
Central Health Group INC
Physicians Healthways Medical
Grant Deed
$1,425,000 · East West Bank
Dec 17, 2004
—
Physicians Healthways Medical
—
Deed Of Trust
related
$2,000,000 · Hanmi Bank
Feb 15, 2002
$1,730,000
Physicians Healthways Medical
Wong,tin-chao & Agnes H
Grant Deed
$1,080,000 · East West Bank
Aug 3, 1989
$882,000
Wong Tingchao
1031 Tax Deferre
Quit Claim Deed
related
—
Aug 3, 1989
$441,000
Tsai Hauwen&chiu
Epic
Trustees Deed
related
—
—
—
1051 Parkview LLC
—
Deed Of Trust
related
$1,000,000 · First General Bank
—
—
1051 Parkview LLC
—
Deed Of Trust
related
$866,182 · Interimlender Com
—
—
Pswa Real Estate Holdings LLC
—
Deed Of Trust
related
$2,073,998 · Jp Morgan Chase Bk
—
—
Hs
—
Deed Of Trust
related
$1,400,000 · Brookside Savings & Loan
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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