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Property profile & analytics
OFF-MARKET
Estimated value
$11,975,000
Motels
1211 Garvey St Covina, CA 91724-3666
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8742740
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1980
Construction
WOOD
Total area
94,446 SF
Lot
4.97 ac (216,501 SF)
Zoning code
CVA1PCD*
APN
8447-031-053
UPID
US09-8742740
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
-
Moonlake Gifts (Bike/Boat/Book/etc) Store
-
Vanllee Hotel & Suites LVGEM Hotel & Motel
-
Hamilton's Steak House Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.06M
Comparable Approach
Comparable
$8.85M
Blend (final)
Blend
$11.98M
Owner & transaction history
Vanllee Hospitality LLC · 1 yrs held
Vanllee Hospitality LLC
since 2025
Last sale
$15.0M
7 recorded transactions
Zoning & alternative use
CVA1PCD* · 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%
$9,815,000
6.5%
$9,060,000
7%
$8,410,000
Blend value · Realmo final
$11.98M
Range $10.78M – $13.17M · ±10% · vs last sale $15.00M (Dec 28 2024)
Last sale anchor
$15.00M
Dec 28 2024
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
$127 / 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
$445,150
Tax year 2024
Assessed value
$33,383,439
Assessed 2024
Previous assessed
$33,383,439
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$6,753,016
Assessed improvement
$26,630,423
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1980
Construction
WOOD
Heating
NONE
Buildings
5
Stories
3
Units
167
Total area
94,446 SF
Lot
4.97 ac (216,501 SF)
Zoning code
CVA1PCD*
APN
8447-031-053
UPID
US09-8742740
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
CVA1PCD* · Covina, CA
Zoning CVA1PCD* · permitted uses
CVA1PCD* · 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
1980
Construction
WOOD
Heating
NONE
Stories
3
Buildings
5
Units
167
Lot
4.97 ac
Current owner
From public records · entity-resolved
Vanllee Hospitality LLC
Entity
Mailing address
2920 HUNTINGTON DR, SAN MARINO, CA 91108-2252
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2025
$15,000,000
Vanllee Hospitality LLC
Lvgem Hotel Corporation
Grant Deed
$14,000,000 · Axos Bank
Jul 17, 2019
—
Lyvgem Hotel Corp
—
Grant Deed
related
$25,000,000 · United Overseas Bk
Jan 24, 2017
$21,024,000
Lvgem Hotel Corp
Crystal Waterfalls LLC
Grant Deed
—
Dec 5, 2014
—
Washe LLC
—
Grant Deed
related
$28,500,000 · Hcl 2011 LLC
Sep 29, 2014
$38,000,000
Washe LLC
Crystal Waterfalls LLC
Grant Deed
—
May 1, 2012
—
Crystal Waterfalls LLC
—
Deed Of Trust
related
$4,837,500 · Gl Malibu LLC
Oct 12, 2011
$14,800,000
Crystal Waterfalls LLC
Brisam Covina LLC
Grant Deed
$7,000,000 · First Commercial Bank (usa)
Jan 20, 1998
—
Promus/felcor Hotels LLC
—
Deed Of Trust
related
$114,000,000 · Chase Manhattan Bank
Jul 10, 1996
—
Ept Covina LP
—
Deed Of Trust
related
$28,244,275 · Bank Of New York
—
—
Crystal Waterfalls LLC
—
Deed Of Trust
related
$1,150,000 · Huesting Holdings LLC
—
—
Crystal Waterfalls LLC
—
Deed Of Trust
related
$1,000,000 · Huesing Holdings LLC
—
—
Crystal Waterfalls LLC
—
Deed Of Trust
related
$500,000 · Huesing Holdings LLC
—
—
Crystal Waterfalls LLC
—
Deed Of Trust
related
$3,000,000 · Chung Y Liu
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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