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Property profile & analytics
OFF-MARKET
Estimated value
$4,585,000
Manufacturing properties
1517 Industrial Park St Covina, CA 91722-3416
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6415867
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1960
Construction
TILT-UP CONCRETE
Total area
24,000 SF
Lot
1.25 ac (54,253 SF)
Zoning code
CVM1YY
APN
8434-020-044
UPID
US09-6415867
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
$5.02M
CAP Approach
CAP
$4.32M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.59M
Owner & transaction history
Composites Horizons LLC · 6 yrs held
Composites Horizons LLC
since 2020
Last sale
$4.3M
7 recorded transactions
Zoning & alternative use
CVM1YY · Covina, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$7.5M
+49.7%
Commercial (general)
$7.4M
+48.1%
Warehouse, storage
$7.1M
+40.8%
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
$4,955,000
ML approach
$5,015,000
CAP Approach
CAP Return
Estimation
6%
$4,675,000
6.5%
$4,315,000
7%
$4,005,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,005,000
Current use
OFFICE BUILDING
$7,495,000
Change: +50% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,415,000
Change: +48% · Conversion: Difficult
WAREHOUSE, STORAGE
$7,050,000
Change: +41% · Conversion: Easy
Blend value · Realmo final
$4.59M
Range $4.13M – $5.04M · ±10% · vs last sale $4.32M (Jan 7 2020)
Last sale anchor
$4.32M
Jan 7 2020
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
$191 / 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
$70,847
Tax year 2024
Assessed value
$4,631,910
Assessed 2024
Previous assessed
$4,631,910
+0.0% YoY
Effective rate
1.53%
On assessed value
Assessed land
$2,277,356
Assessed improvement
$2,354,554
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1960
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
24,000 SF
Lot
1.25 ac (54,253 SF)
Zoning code
CVM1YY
APN
8434-020-044
UPID
US09-6415867
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
CVM1YY · Covina, CA
Zoning CVM1YY · permitted uses
CVM1YY · 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
INDUSTRIAL (GENERAL) Current
Est. value
$5.0M
OFFICE BUILDING
Est. value
$7.5M
COMMERCIAL (GENERAL)
Est. value
$7.4M
WAREHOUSE, STORAGE
Est. value
$7.1M
INDUSTRIAL (GENERAL) Current
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
1960
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
1.25 ac
Current owner
From public records · entity-resolved
Composites Horizons LLC
Entity
Mailing address
1471 W INDUSTRIAL PARK ST, COVINA, CA 91722-3414
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 7, 2020
$4,320,000
Composites Horizons LLC
1517 Building LLC
Grant Deed
—
Aug 1, 2000
—
Shakollah Khakshooy
Khakshooy,j
Quit Claim Deed
related
—
Aug 1, 2000
$1,200,000
1517 Building LLC
Khakshooy,marcel & Parvis
Trustees Deed
—
Dec 27, 1989
—
Marcel Khakshooy
Christina Plasti
Quit Claim Deed
related
—
Aug 11, 1988
$1,215,000
Christina Plasti
Arrpp
Trustees Deed
—
—
—
1517 Building LLC
—
Deed Of Trust
related
$690,000 · Bank Of America
—
—
1517 Building LLC
—
Deed Of Trust
related
$810,000 · Bank Of America
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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