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Property profile & analytics
OFF-MARKET
Motels
1211 Garvey St Covina, CA 91724-3666
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0267824
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1980
Construction
WOOD
Total area
3,432 SF
Lot
0.63 ac (27,383 SF)
Zoning code
CVA1PCD*
APN
8447-031-045
UPID
US10-0267824
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lvgem Hotel Corp · 9 yrs held
Lvgem Hotel Corp
since 2017
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
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
$20,644
Tax year 2024
Assessed value
$1,143,514
Assessed 2024
Previous assessed
$1,143,514
+0.0% YoY
Effective rate
1.81%
On assessed value
Assessed land
$642,871
Assessed improvement
$500,643
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
2
Stories
3
Units
6
Total area
3,432 SF
Lot
0.63 ac (27,383 SF)
Zoning code
CVA1PCD*
APN
8447-031-045
UPID
US10-0267824
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
2
Units
6
Lot
0.63 ac
Current owner
From public records · entity-resolved
Lvgem Hotel Corp
Entity
Mailing address
2920 HUNTINGTON DR, SAN MARINO, CA 91108-2252
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
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
—
Sep 29, 2014
$38,000,000
Washe LLC
Crystal Waterfalls LLC
Grant Deed
—
Oct 12, 2011
$14,800,000
Crystal Waterfalls LLC
Brisam Covina LLC
Grant Deed
$7,000,000 · First Commercial Bank (usa)
Feb 8, 2007
$20,400,000
Brisam Covina LLC
Ept Covina
Grant Deed
—
Jan 20, 1998
—
Promus/felcor Hotels LLC
—
Deed Of Trust
related
$114,000,000 · Chase Manhattan Bank
—
—
Crystal Waterfalls LLC
—
Deed Of Trust
related
$1,150,000 · Huesting Holdings LLC
—
—
Crystal Waterfalls LLC
—
Deed Of Trust
related
$500,000 · Huesing Holdings LLC
—
—
Crystal Waterfalls LLC
—
Deed Of Trust
related
$1,000,000 · Huesing Holdings LLC
—
—
Crystal Waterfalls LLC
—
Deed Of Trust
related
$4,837,500 · Gl Malibu LLC
—
—
Crystal Waterfalls LLC
—
Deed Of Trust
related
$3,000,000 · Chung Y Liu
—
—
Washe LLC
—
Deed Of Trust
related
$28,500,000 · Hcl 2011 LLC
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
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