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Property profile & analytics
OFF-MARKET
Estimated value
$6,050,000
Apartment buildings
1535 San Bernardino Rd West Covina, CA 91790
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7872371
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1959
Construction
WOOD
Total area
163,472 SF
Lot
8.4 ac (365,961 SF)
Zoning code
WCR3-MF20*
APN
8435-014-013
UPID
US09-7872371
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.05M
Owner & transaction history
3845 E Third Street #196 LLC · 12 yrs held
3845 E Third Street #196 LLC
since 2013
7 recorded transactions
Zoning & alternative use
WCR3-MF20* · West 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 West Covina submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West 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
$37 / 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
$453,445
Tax year 2024
Assessed value
$33,814,898
Assessed 2024
Previous assessed
$33,814,898
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$13,220,092
Assessed improvement
$20,594,806
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
1959
Construction
WOOD
Heating
NONE
Cooling
YES
Units
196
Bathrooms
99
Total area
163,472 SF
Lot
8.4 ac (365,961 SF)
Zoning code
WCR3-MF20*
APN
8435-014-013
UPID
US09-7872371
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
WCR3-MF20* · West Covina, CA
Zoning WCR3-MF20* · permitted uses
WCR3-MF20* · West Covina, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Covina. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1959
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
196
Bathrooms
99
Lot
8.4 ac
Current owner
From public records · entity-resolved
3845 E Third Street #196 LLC
Entity
Mailing address
10100 CULVER BLVD STE D, CULVER CITY, CA 90232-3174
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
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
Dec 5, 2013
—
3845 E Third Street #196 LLC
Ca 1513 West San Bernardino Road Ll
Grant Deed
$19,110,000 · Jpmorgan Chase Bank NA
Sep 21, 2012
$19,750,000
1513 West San Bernardino Ca
Beacon Default Mgmt INC
Trustees Deed
related
—
Jan 2, 2007
$28,000,000
Serrano Apartments LLC
Kw-msk West Covina LLC
Grant Deed
$19,250,000 · Lehman Ali INC
Mar 30, 2004
—
Kw-msk West Covina LLC
F & F West Covina Assoc LP
Grant Deed
$16,643,000 · Berkshire Mortgage Finance Co
Oct 20, 1998
—
West Covina Apartments
—
Deed Of Trust
related
—
May 31, 1972
—
—
—
Grant Deed
related
—
—
—
West Covina Apartments
—
Deed Of Trust
related
$5,600,000 · Wells Fargo Bank
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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