Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$9,420,000
Apartment buildings
109 Fairway Ln West Covina, CA 91791-1705
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6978749
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1959
Construction
WOOD
Total area
12,928 SF
Lot
0.54 ac (23,351 SF)
Zoning code
WCR3-MF20*
APN
8451-015-019
UPID
US09-6978749
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
-
Fairmont Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.71M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.42M
Owner & transaction history
Fairmont Apartment Company LP · 4 yrs held
Fairmont Apartment Company LP
since 2021
Last sale
$10.0M
7 recorded transactions
Zoning & alternative use
WCR3-MF20* · West Covina, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.4M
+112.8%
Neighborhood: shopping center
$7.9M
+98.9%
Auto repair, garage
$6.0M
+51.2%
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 West Covina submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West 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
$9,070,000
ML approach
$8,705,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$8,420,000
Change: +113% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,870,000
Change: +99% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,980,000
Change: +51% · Conversion: Difficult
MEDICAL BUILDING
$5,875,000
Change: +49% · Conversion: Moderate
Blend value · Realmo final
$9.42M
Range $8.48M – $10.36M · ±10% · vs last sale $9.95M (Dec 17 2021)
Last sale anchor
$9.95M
Dec 17 2021
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
$729 / 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
$66,889
Tax year 2024
Assessed value
$5,255,020
Assessed 2024
Previous assessed
$5,255,020
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$4,057,560
Assessed improvement
$1,197,460
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1959
Construction
WOOD
Heating
NONE
Cooling
YES
Units
18
Bathrooms
18
Total area
12,928 SF
Lot
0.54 ac (23,351 SF)
Zoning code
WCR3-MF20*
APN
8451-015-019
UPID
US09-6978749
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
WCR3-MF20* · West Covina, CA
Zoning WCR3-MF20* · permitted uses
WCR3-MF20* · West Covina, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Covina. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$8.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.9M
AUTO REPAIR, GARAGE
Est. value
$6.0M
MEDICAL BUILDING
Est. value
$5.9M
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1959
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
18
Bathrooms
18
Lot
0.54 ac
Current owner
From public records · entity-resolved
Fairmont Apartment Company LP
Entity
Mailing address
8141 2ND ST STE #300, DOWNEY, CA 90241-3612
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2021
$9,950,000
Fairmont Apartment Company LP
Covina Gardens LLC
Grant Deed
$5,725,000 · Jpmorgan Chase Bank NA
Apr 22, 2021
—
John D Domke
John D Domke
Intrafamily Transfer
related
—
Sep 18, 2018
—
Young 9 LLC
Young,brenton R SR & Kenneth D
Quit Claim Deed
related
—
Nov 17, 2017
—
Christine K Van Norden
Young George A Trust
Quit Claim Deed
—
Feb 24, 2016
—
Young,george A Trust
Young,george A
Quit Claim Deed
related
—
Feb 1, 2016
$1,375,000
Covina Gardens LLC
Domke,howard I
Grant Deed
—
Feb 1, 2016
—
Howard J Domke
Domke,judith
Quit Claim Deed
related
—
Jan 14, 2016
—
Howard J Domke
Domke,howard J
Quit Claim Deed
related
—
Mar 10, 1989
$121,000
Domke,howard J Tr
Unknown
Grant Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 109 Fairway Ln?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
