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Property profile & analytics
OFF-MARKET
Turn key restaurants
1052 Grand Ave Covina, CA 91724-2047
Trust Owned
19-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-8530081
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1964
Total area
2,100 SF
Lot
0.07 ac (3,126 SF)
Zoning code
LCC2BE*
APN
8404-004-062
UPID
US09-8530081
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
-
Jack in the Box Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Wheatley William R II Trust · 19 yrs held
Wheatley William R II Trust
since 2007
6 recorded transactions
Zoning & alternative use
LCC2BE* · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$724
Tax year 2024
Assessed value
$16,278
Assessed 2024
Previous assessed
$16,278
+0.0% YoY
Effective rate
4.45%
On assessed value
Assessed land
$14,150
Assessed improvement
$2,128
Applied tax rate
2.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1964
Heating
NONE
Stories
1
Total area
2,100 SF
Lot
0.07 ac (3,126 SF)
Zoning code
LCC2BE*
APN
8404-004-062
UPID
US09-8530081
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LCC2BE* · Covina, CA
Zoning LCC2BE* · permitted uses
LCC2BE* · 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.
Building & site characteristics
From public records
Year built
1964
Heating
NONE
Stories
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
Wheatley William R II Trust
Trust
Free & Clear · 19 yrs held
Mailing address
145 CORTE MARIA AVE, CHULA VISTA, CA 91910-1937
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2007
—
Wheatley William R II Trust
Wheatley,william R II
Quit Claim Deed
related
—
Mar 21, 2005
—
Wheatley Cris Trust
Wheatley,cris A
Quit Claim Deed
related
—
Jul 1, 2004
—
Wheatley,tr
Wheatley,tr
Quit Claim Deed
related
—
May 21, 2003
—
Spurgeon,tr
Spurgeon,darlene J
Quit Claim Deed
related
—
Dec 16, 2002
—
Darlene J Spurgeon
Wheatley,tr
Quit Claim Deed
related
—
Jun 4, 1964
—
—
—
Grant Deed
related
—
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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