Property profile

1241 Fairvale Ave Covina, CA 91722

OFF-MARKET
Commercial land
Property ID
US10-0340561
1,360 SF 0.15 ac lot Built 1956
Individually Owned 1-yr Hold Absentee Owner
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Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1956
Total area 1,360 SF
Lot 0.15 ac (6,480 SF)
Zoning code CVCR
APN 8406-019-140
UPID US10-0340561

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1241 Fairvale Ave Covina, CA 91722-2833
Covina metro Census 405900 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$720k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$720k

Owner & transaction history

since 2024
Last sale
$719,500
7 recorded transactions
2024
$719,500
2009
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

CVCR · Covina, CA
Top alternative use upside
Neighborhood: shopping center $830,000 +97.0%
Auto repair, garage $630,000 +49.7%
Medical building $620,000 +47.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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