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Property profile & analytics
OFF-MARKET
Estimated value
$720,000
Commercial land
1241 Fairvale Ave Covina, CA 91722-2833
Individually Owned
1-yr Hold
Absentee Owner
Property ID
US10-0340561
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
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
Yanbin Chen · 1 yrs held
Yanbin Chen
since 2024
Last sale
$719,500
7 recorded transactions
Zoning & alternative use
CVCR · Covina, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$830,000
+97.0%
Auto repair, garage
$630,000
+49.7%
Medical building
$620,000
+47.1%
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
$720,000
ML approach
$720,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$830,000
Change: +97% · Conversion: Difficult
AUTO REPAIR, GARAGE
$630,000
Change: +50% · Conversion: Difficult
MEDICAL BUILDING
$620,000
Change: +47% · Conversion: Easy
Blend value · Realmo final
$720k
Range $720k – $735k · vs last sale $720k (Sep 3 2024)
Last sale anchor
$720k
Sep 3 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
$529 / 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
$2,282
Tax year 2024
Assessed value
$131,354
Assessed 2024
Previous assessed
$131,354
+0.0% YoY
Effective rate
1.74%
On assessed value
Assessed land
$131,354
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1956
Heating
CENTRAL
Stories
1
Rooms
7
Bathrooms
2
Total area
1,360 SF
Lot
0.15 ac (6,480 SF)
Zoning code
CVCR
APN
8406-019-140
UPID
US10-0340561
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
CVCR · Covina, CA
Zoning CVCR · permitted uses
CVCR · 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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$830,000
AUTO REPAIR, GARAGE
Est. value
$630,000
MEDICAL BUILDING
Est. value
$620,000
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1956
Heating
CENTRAL
Stories
1
Rooms
7
Bathrooms
2
Lot
0.15 ac
Current owner
From public records · entity-resolved
Yanbin Chen
Individual
Mailing address
20835 N SONOITA DR, WALNUT, CA 91789-1354
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2024
$719,500
Yanbin Chen
Century Communities Of California L
Grant Deed
—
Apr 23, 2009
—
Cheryl L Miller
John R Miller
Affidavit Of Death Of Joint Tenant
related
$525,000 · Financial Freedom Senior Funding Corp
—
—
John Miller
—
Deed Of Trust
related
$200,000 · Bank Of America
—
—
John R An Miller
—
Deed Of Trust
related
$125,200 · NA Bancorp Mortgage
—
—
John R Miller
—
Deed Of Trust
related
$44,000 · Bank Of America
—
—
John R Miller
—
Deed Of Trust
related
$200,000 · Bank Of America
—
—
John R Miller
—
Deed Of Trust
related
$24,000 · Individual
Aug 3, 1964
$18,500
—
—
Grant 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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