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Property profile & analytics
OFF-MARKET
Estimated value
$10,330,000
Retail space
1101 Azusa Ave Covina, CA 91722-1255
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US09-7967424
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1984
Construction
WOOD
Total area
74,710 SF
Lot
3.57 ac (155,634 SF)
Zoning code
CVRTP-C4*
APN
8420-001-050
UPID
US09-7967424
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
-
Arrow Smog Test Only Sustainability Organization
-
Covina Self Storage Storage Facility
-
Hye Tech Auto Repair Auto Repair Shop
-
Citrus Brake Services Auto Repair Shop
-
Street Smart Hye Tech Transmission Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.33M
Blend (final)
Blend
$10.33M
Owner & transaction history
Covina Self Storage LLC · 7 yrs held
Covina Self Storage LLC
since 2018
7 recorded transactions
Zoning & alternative use
CVRTP-C4* · 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
RETAIL STORES
$17,150,000
Current use
Blend value · Realmo final
$10.33M
Range $9.30M – $11.36M · ±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
$138 / 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
$109,699
Tax year 2024
Assessed value
$8,269,856
Assessed 2024
Previous assessed
$8,269,856
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$4,134,928
Assessed improvement
$4,134,928
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1984
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
4
Stories
1
Total area
74,710 SF
Lot
3.57 ac (155,634 SF)
Zoning code
CVRTP-C4*
APN
8420-001-050
UPID
US09-7967424
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
CVRTP-C4* · Covina, CA
Zoning CVRTP-C4* · permitted uses
CVRTP-C4* · 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
RETAIL STORES Current
Est. value
$17.2M
RETAIL STORES Current
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
1984
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Lot
3.57 ac
Current owner
From public records · entity-resolved
Covina Self Storage LLC
Entity
Mailing address
PO BOX 5159, PASADENA, CA 91117-0159
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 16, 2018
—
Covina Self Storage LLC
Monrovia Stor All LLC
Quit Claim Deed
$5,800,000 · Miscellaneous Ins Co
Jul 18, 2017
—
Diane Cabraloff
Felikian,martin
Affidavit Of Death
—
Nov 27, 2013
$6,900,000
Monrovia Stor-all LLC
Rj Covina Investors LLC
Grant Deed
$3,500,000 · East West Bank
Oct 1, 2012
—
Rj Covina Investors LLC
—
Deed Of Trust
related
$21,000,000 · Bank Of America
Mar 6, 2007
$5,750,000
Rj Covina Investors LLC
Mardee LLC
Grant Deed
$5,325,000 · Bank Of America
Sep 30, 2002
$3,970,000
Mardee LLC
Covina Self Storage LLC
Grant Deed
—
Feb 13, 1998
—
Covina Self Storage LLC
Covina Commerce Center
Quit Claim 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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