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Property profile & analytics
OFF-MARKET
Estimated value
$1,210,000
Auto shops
1202 Azusa Ave Covina, CA 91722-1247
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-8766789
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1970
Construction
WOOD
Total area
3,920 SF
Lot
0.41 ac (17,737 SF)
Zoning code
CVC4*
APN
8408-022-007
UPID
US09-8766789
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
-
Horizon Automotive Auto Repair Shop Vehicle Inspection Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.22M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.21M
Owner & transaction history
Jack Alfred Nalbandian · 3 yrs held
Jack Alfred Nalbandian
since 2023
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
CVC4* · 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
$1,230,000
ML approach
$1,215,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,815,000
Current use
MEDICAL BUILDING
$1,780,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$1.21M
Range $1.09M – $1.33M · ±10% · vs last sale $1.20M (Mar 1 2023)
Last sale anchor
$1.20M
Mar 1 2023
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
$309 / 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
$17,344
Tax year 2024
Assessed value
$1,365,391
Assessed 2024
Previous assessed
$1,365,391
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$739,587
Assessed improvement
$625,804
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1970
Construction
WOOD
Heating
NONE
Stories
1
Total area
3,920 SF
Lot
0.41 ac (17,737 SF)
Zoning code
CVC4*
APN
8408-022-007
UPID
US09-8766789
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
CVC4* · Covina, CA
Zoning CVC4* · permitted uses
CVC4* · 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
AUTO REPAIR, GARAGE Current
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.8M
AUTO REPAIR, GARAGE Current
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
1970
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
Jack Alfred Nalbandian
Individual
Mailing address
1202 N AZUSA AVE, COVINA, CA 91722-1247
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
Mar 1, 2023
—
Jack Alfred Nalbandian
Jack Alfred Nalbandian
Intrafamily Transfer
related
—
Apr 18, 2017
$1,200,000
Jack A Nalbandian
Homes,richard T
Grant Deed
$1,237,000 · Bank Of Hope
Apr 18, 2017
—
Jack A Nalbandian
Nalbandian,diala
Quit Claim Deed
related
—
Oct 28, 1993
$425,000
Richard T Holmes
Bedrossian,sarki
Grant Deed
$382,500 · Garfield Bank
Feb 24, 1989
$350,000
Gen Deferred Exc
Sera
Trustees Deed
$227,500 · Countrywide Thrift & Loan
—
—
Wu
—
Deed Of Trust
related
$136,500 · Imco Realty Services INC
—
—
Richard T Holmes
—
Deed Of Trust
related
$342,408 · Wells Fargo Bank
—
—
Richard T Holmes
—
Deed Of Trust
related
$1,500,000 · First Bank
—
—
Richard T Holmes
—
Deed Of Trust
related
$620,000 · Bank Of America
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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