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Property profile & analytics
OFF-MARKET
Estimated value
$32,375,000
Apartment buildings
1375 San Bernardino Rd Covina, CA 91722-3403
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6461998
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1971
Construction
WOOD
Total area
104,253 SF
Lot
2.88 ac (125,377 SF)
Zoning code
CVRD2000*
APN
8434-012-019
UPID
US09-6461998
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
-
Mountainview Venture Apartments Apartment Complex
-
Andress Piano Studio Vocational School Training Center
-
JJ's Mobile Boba Inc. Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$25.81M
Comparable Approach
Comparable
$36.33M
Blend (final)
Blend
$32.38M
Owner & transaction history
Mv Covina Investor 1 LLC · 4 yrs held
Mv Covina Investor 1 LLC
since 2022
Last sale
$38.5M
7 recorded transactions
Zoning & alternative use
CVRD2000* · Covina, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$48.2M
+77.9%
Medical building
$47.4M
+74.8%
Office building
$32.6M
+20.1%
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
$31,870,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$27,960,000
6.5%
$25,810,000
7%
$23,965,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$27,110,000
Current use
AUTO REPAIR, GARAGE
$48,220,000
Change: +78% · Conversion: Difficult
MEDICAL BUILDING
$47,390,000
Change: +75% · Conversion: Moderate
OFFICE BUILDING
$32,565,000
Change: +20% · Conversion: Moderate
COMMERCIAL (GENERAL)
$32,210,000
Change: +19% · Conversion: Moderate
WAREHOUSE, STORAGE
$30,630,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$32.38M
Range $29.14M – $35.61M · ±10% · vs last sale $38.50M (Jun 21 2022)
Last sale anchor
$38.50M
Jun 21 2022
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
$311 / 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
$511,275
Tax year 2024
Assessed value
$40,124,500
Assessed 2024
Previous assessed
$40,124,500
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$19,247,400
Assessed improvement
$20,877,100
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1971
Construction
WOOD
Heating
NONE
Units
139
Total area
104,253 SF
Lot
2.88 ac (125,377 SF)
Zoning code
CVRD2000*
APN
8434-012-019
UPID
US09-6461998
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
CVRD2000* · Covina, CA
Zoning CVRD2000* · permitted uses
CVRD2000* · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$27.1M
AUTO REPAIR, GARAGE
Est. value
$48.2M
MEDICAL BUILDING
Est. value
$47.4M
OFFICE BUILDING
Est. value
$32.6M
COMMERCIAL (GENERAL)
Est. value
$32.2M
WAREHOUSE, STORAGE
Est. value
$30.6M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1971
Construction
WOOD
Heating
NONE
Units
139
Lot
2.88 ac
Current owner
From public records · entity-resolved
Mv Covina Investor 1 LLC
Entity
Mailing address
610 N SANTA ANITA AVE, ARCADIA, CA 91006-2722
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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 17, 2024
—
Mv Covina Investors 1 LLC
—
Deed
related
$16,690,000 · Everbank NA
Jun 21, 2022
$38,500,000
Mv Covina Investor 1 LLC
Covina Mountain View Venture
Grant Deed
$25,700,000 · Umpqua Bank
Mar 23, 1990
$807,272
Covina Mountain View Venture
Unknown
Grant Deed
—
—
—
Covina Mountain View Venture
—
Deed Of Trust
related
$4,460,000 · Home Savings Of America
—
—
Covina Mountain View Venture
—
Deed Of Trust
related
$22,000 · Us Small Business Admn
—
—
Covina Mountain View Venture
—
Deed Of Trust
related
$7,650,000 · Walker & Dunlop
—
—
Covina Mountain View Venture
—
Deed Of Trust
related
$114,600 · Us Small Business Admn
—
—
Covina Mountain View Venture
—
Deed Of Trust
related
$7,500,000 · Citibank West Fsb
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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