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Property profile & analytics
OFF-MARKET
Estimated value
$740,000
Auto shops
1656 San Bernardino Rd Covina, CA 91722-3410
Entity Owned
21-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-0282176
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1965
Construction
TILT-UP CONCRETE
Total area
7,000 SF
Lot
0.54 ac (23,692 SF)
Zoning code
CVM1YY
APN
8434-015-026
UPID
US10-0282176
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
Current use
Occupant on record · Public records
-
Earl Scheib Collision Center Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$740k
Owner & transaction history
Palace Properties LLC · 21 yrs held
Palace Properties LLC
since 2004
7 recorded transactions
Zoning & alternative use
CVM1YY · 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$106 / 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
$17,306
Tax year 2024
Assessed value
$1,325,568
Assessed 2024
Previous assessed
$1,325,568
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$778,944
Assessed improvement
$546,624
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1965
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
7,000 SF
Lot
0.54 ac (23,692 SF)
Zoning code
CVM1YY
APN
8434-015-026
UPID
US10-0282176
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.
Building & site characteristics
From public records
Year built
1965
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.54 ac
Current owner
From public records · entity-resolved
Palace Properties LLC
Entity
Free & Clear · 21 yrs held
Mailing address
1575 PLACENTIA AVE, NEWPORT BEACH, CA 92663-2813
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
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
Sep 21, 2004
$970,000
Palace Properties LLC
Klein Family Trust
Grant Deed
—
Jan 23, 2004
—
Klein,tr
Security F S E-sixteen INC
Grant Deed
related
—
Jul 24, 2003
—
Security F S E 16 INC
Klein,tr
Grant Deed
related
—
Jan 8, 2003
$383,500
Klein,tr
Elden Holding Group LLC
Grant Deed
—
Sep 30, 2002
—
Elden Holding Group LLC
Ferraro,tr
Grant Deed
$367,500 · First Commerce Bank
Jun 27, 2000
—
Ferraro,john Trustee
Ferraro J Trustee,
Quit Claim Deed
related
—
Nov 3, 1999
—
Ferraro John
Ferraro,j
Quit Claim Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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