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Property profile & analytics
OFF-MARKET
Estimated value
$970,000
Retail space
1540 San Bernardino Rd Covina, CA 91722-3408
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-8377287
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1957
Construction
WOOD
Total area
3,050 SF
Lot
0.36 ac (15,875 SF)
Zoning code
CVM1YY
APN
8434-015-016
UPID
US09-8377287
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
$1.04M
Comparable Approach
Comparable
$873k
Blend (final)
Blend
$970k
Owner & transaction history
Otok LLC
Otok LLC
since 2025
Last sale
$980,000
7 recorded transactions
Zoning & alternative use
CVM1YY · Covina, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.4M
+101.5%
Medical building
$1.4M
+98.0%
Office building
$955,000
+36.1%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,125,000
6.5%
$1,040,000
7%
$965,000
Alternative Use
Use
Estimation
RETAIL STORES
$700,000
Current use
AUTO REPAIR, GARAGE
$1,410,000
Change: +101% · Conversion: Difficult
MEDICAL BUILDING
$1,385,000
Change: +98% · Conversion: Difficult
OFFICE BUILDING
$955,000
Change: +36% · Conversion: Easy
COMMERCIAL (GENERAL)
$940,000
Change: +35% · Conversion: Easy
WAREHOUSE, STORAGE
$895,000
Change: +28% · Conversion: Difficult
Blend value · Realmo final
$970k
Range $873k – $1.07M · ±10% · vs last sale $980k (Jan 18 2025)
Last sale anchor
$980k
Jan 18 2025
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
$318 / 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
$9,666
Tax year 2024
Assessed value
$736,869
Assessed 2024
Previous assessed
$736,869
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$535,910
Assessed improvement
$200,959
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1957
Construction
WOOD
Heating
NONE
Stories
1
Units
2
Total area
3,050 SF
Lot
0.36 ac (15,875 SF)
Zoning code
CVM1YY
APN
8434-015-016
UPID
US09-8377287
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
RETAIL STORES Current
Est. value
$700,000
AUTO REPAIR, GARAGE
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.4M
OFFICE BUILDING
Est. value
$955,000
COMMERCIAL (GENERAL)
Est. value
$940,000
WAREHOUSE, STORAGE
Est. value
$895,000
RETAIL STORES 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
1957
Construction
WOOD
Heating
NONE
Stories
1
Units
2
Lot
0.36 ac
Current owner
From public records · entity-resolved
Otok LLC
Entity
Mailing address
251 S ELWOOD AVE, GLENDORA, CA 91741-3650
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 10, 2025
—
Otok LLC
Grbavac Family Trust
Deed
related
—
Apr 18, 2025
$980,000
Miaden Grbayac
Authors Church
Grant Deed
$490,000 · Midfirst Bank
May 22, 2006
$550,000
Faith
Ehlers Family Trust
Grant Deed
—
Jan 12, 2000
—
Ehlers Werner A
Ehlers,w A & C R Trustees
Quit Claim Deed
related
—
Sep 29, 1995
—
Ehlers,fmly Tr
Ehless,w A & C R
Quit Claim Deed
related
—
Nov 18, 1994
$45,000
Ehlers,w A
Spencer,harvey G
Trustees Deed
—
Nov 18, 1994
—
Werner A Ehler
Ehlers,w A
Quit Claim Deed
related
—
—
—
Werner A Ehlers
—
Deed Of Trust
related
$102,000 · Ehlers Trust
—
—
Ehlers Trust
—
Deed Of Trust
related
$75,000 · Community Commerce 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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