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    1560 Azusa Ave City Of Industry, CA 91748-1603
    Property profile & analytics

    1560 Azusa Ave, City Of Industry, CA 91748-1603

    View on Map
    • Super regional malls
    • 100,346 SF
    • 11.03 lot acres
    Off-Market
    Last Sale Aug 29, 2024
    $156,000,000
    Property ID
    US10-0368435
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Super regional malls

    Property Details for 1560 Azusa Ave

    Year built
    1998
    Construction
    TILT-UP CONCRETE
    Lot size
    11.03 lot acres
    Zone code
    IDC*
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    8265-004-118
    APU
    8265004118

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 29, 2024 $156,000,000 Puente Hillis Land Venture LLC Newage Phm LLC Grant Deed $115M · Hankey Capital LLC
    Aug 21, 2017 — Newage Phm LLC — Deed · related $70M · East West Bk
    Dec 18, 2014 $40,000,000 Newage Phm LLC Puente Hills Mall LLC Grant Deed —
    Dec 18, 2014 — Newage Phm LLC Puente Hilsl Mall LLC Grant Deed · related $75M · Miscellaneous Ins Co
    Jun 6, 2008 — Puente Hills Mall LLC — Deed Of Trust · related $90M · Eurohypo Ag
    Dec 30, 2005 $81,289,500 Puente Hills Mall LLC Passco Colima LLC Grant Deed —
    — — Apple So Cal LLC — Deed Of Trust · related $598M · Bank Of America
    — — Puente Hills Mall LLC — Deed Of Trust · related $60M · Midland National Life Ins
    — — Newage Phm LLC — Deed Of Trust · related $70M · East West Bk
    — — Newage Phm LLC — Deed Of Trust · related $70M · East West Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      Off market
      ML approach
      Off market

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    City Of Industry
    County
    Los Angeles
    State
    California
    Longitude
    -117.926
    Latitude
    33.9951
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $431,517
    $10,251,076
    $21,067,729
    $31,318,805
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,370,000
      4,118 SF

      1548 Azusa Ave

      REGIONAL SHOPPING CENTER, MALL
      1548 Azusa Ave, City Of Industry, CA 91748-1603
      View Details
    • Value Estimation
      $8,325,000
      6,741 SF

      1420 Azusa Ave

      REGIONAL SHOPPING CENTER, MALL
      1420 Azusa Ave, City Of Industry, CA 91748-1500
      View Details
    • Value Estimation
      $16,710,000
      73,629 SF

      17651 Colima Rd

      REGIONAL SHOPPING CENTER, MALL
      17651 Colima Rd, City Of Industry, CA 91748-5743
      View Details
    • Value Estimation
      $2,680,000
      112,694 SF

      17751 Colima Rd

      REGIONAL SHOPPING CENTER, MALL
      17751 Colima Rd, City Of Industry, CA 91748-1714
      View Details
    • Value Estimation
      $6,505,000
      20,375 SF

      17501 Colima Rd

      REGIONAL SHOPPING CENTER, MALL
      17501 Colima Rd, City Of Industry, CA 91748-1862
      View Details
    • Value Estimation
      $15,000,000
      86,004 SF

      17825 Colima Rd

      REGIONAL SHOPPING CENTER, MALL
      17825 Colima Rd, Rowland Heights, CA 91748
      View Details

    Similar Nearby for Sale

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      High-performing shopping center with diverse tenants and upside potential.
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    • $5,800,000

      Rowland Heights Retail Investment Opportunity

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      Venti Clock Tower: Rowland Heights Retail Center

      High-Yield Retail Investment, 12 Tenants
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    • Contact for pricing

      Retail Space in Canyon Point

      Retail space available in a high-traffic Rowland Heights marketplace.
      19765 Colima Rd, Rowland Heights, CA 91748
      View Details
    • $100,000

      Restaurant and Bar Opportunity

      Restaurant and bar with full kitchen and liquor license.
      2430 Fullerton Dr, Rowland Heights, CA 91748
      View Details

    Similar Nearby for Lease

    • $6,273 /Mo
      2,460 SF

      Retail Space in Canyon Point

      Retail space available in a high-traffic Rowland Heights marketplace.
      19745 Colima Rd, Rowland Heights, CA 91748
      View Details
    • $23,141

      Standalone Commercial Property For Lease

      Generously sized commercial property in a bustling shopping plaza.
      17899 Colima Rd, Rowland Heights, CA 91748
      View Details
    • $5,180 /Mo
      1,570 SF

      Retail Space in Canyon Point

      Retail space available in a high-traffic Rowland Heights marketplace.
      19745 Colima Rd, Whittier, CA 91748
      View Details
    • Contact for pricing
      5,650 SF

      Retail Space in Rowland Heights

      Retail spaces available with convenient freeway access and ample parking.
      19708-19772 Colima Rd, Rowland Heights, CA 91748
      View Details
    • $8,529 /Mo
      2,437 SF

      Prime Retail Space on Colima

      High-traffic commercial space in the heart of City of Industry.
      17525 Colima Rd, City of Industry, CA 91748
      View Details
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    City Of Industry, CA 91748-1603
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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