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Property profile & analytics
OFF-MARKET
Estimated value
$2,320,000
Office buildings
154 Aspan Ave Azusa, CA 91702-4224
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US09-8006683
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Construction
WOOD
Total area
8,325 SF
Lot
0.91 ac (39,507 SF)
Zoning code
AZM1YY
APN
8615-018-015
UPID
US09-8006683
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
$2.99M
Comparable Approach
Comparable
$2.31M
Blend (final)
Blend
$2.32M
Owner & transaction history
Digi Tech LLC · 8 yrs held
Digi Tech LLC
since 2018
4 recorded transactions
Zoning & alternative use
AZM1YY · Azusa, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
ZoningMap2023
Top alternative use upside
Medical building
$3.8M
+77.2%
Restaurant
$3.7M
+75.1%
Auto repair, garage
$2.8M
+32.0%
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 Azusa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Azusa 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,235,000
6.5%
$2,985,000
7%
$2,775,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,135,000
Current use
MEDICAL BUILDING
$3,785,000
Change: +77% · Conversion: Easy
RESTAURANT
$3,740,000
Change: +75% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,820,000
Change: +32% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,570,000
Change: +20% · Conversion: Easy
RETAIL STORES
$2,505,000
Change: +17% · Conversion: Moderate
Blend value · Realmo final
$2.32M
Range $2.09M – $2.55M · ±10%
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
$279 / 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
$26,916
Tax year 2024
Assessed value
$2,005,634
Assessed 2024
Previous assessed
$2,005,634
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$1,115,517
Assessed improvement
$890,117
Applied tax rate
8.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1987
Construction
WOOD
Heating
NONE
Stories
2
Total area
8,325 SF
Lot
0.91 ac (39,507 SF)
Zoning code
AZM1YY
APN
8615-018-015
UPID
US09-8006683
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
AZM1YY · Azusa, CAZoning AZM1YY · permitted uses
AZM1YY · Azusa, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
ZoningMap2023
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$3.8M
RESTAURANT
Est. value
$3.7M
AUTO REPAIR, GARAGE
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$2.6M
RETAIL STORES
Est. value
$2.5M
OFFICE BUILDING Current
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
1987
Construction
WOOD
Heating
NONE
Stories
2
Lot
0.91 ac
Current owner
From public records · entity-resolved
Digi Tech LLC
Entity
Mailing address
154 N ASPAN AVE, AZUSA, CA 91702-4224
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 2, 2022
—
Ap Wireless Investments I LLC
—
Deed
related
$165,000,000 · Deutsche Bank Trust Co Americas
Feb 1, 2018
$1,760,000
Digi Tech LLC
Peter W Berger
Grant Deed
$1,100,000 · East West Bank
Apr 19, 2013
—
Gretchen A Berger
Paul F Berger JR
Affidavit Death Of Trustee/successor Trustee
related
$862,000 · Allstar Financial Services INC
Mar 20, 2013
—
Ap Wireless Investments I LLC
—
Deed Of Trust
related
$250,000,000 · Deutsche Bank Trust Co 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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