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Property profile & analytics
OFF-MARKET
Estimated value
$20,240,000
Apartment buildings
1829 Workman Ave, West Covina, CA 91791-1452
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-6561945
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1963
Construction
WOOD
Total area
78,852 SF
Lot
2.28 ac (99,464 SF)
Zoning code
WCR3-MF20*
APN
8454-016-017
UPID
US09-6561945
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
-
Langdon Park at West Covina Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$20.24M
Owner & transaction history
Advanced Zx LLC
Advanced Zx LLC
since 2025
Last sale
$19.9M
7 recorded transactions
Zoning & alternative use
WCR3-MF20* · West Covina, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$30.3M
+25.6%
Office building
$27.5M
+14.0%
Retail stores
$27.3M
+13.0%
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 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$24,125,000
Current use
WAREHOUSE, STORAGE
$30,295,000
Change: +26% · Conversion: Difficult
OFFICE BUILDING
$27,515,000
Change: +14% · Conversion: Moderate
RETAIL STORES
$27,255,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$20.24M
Range $18.22M – $22.26M · ±10% · vs last sale $19.86M (Jul 27 2025)
Last sale anchor
$19.86M
Jul 27 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
$257 / 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
$315,719
Tax year 2024
Assessed value
$25,112,822
Assessed 2024
Previous assessed
$25,112,822
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$17,340,000
Assessed improvement
$7,772,822
Applied tax rate
12.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1963
Construction
WOOD
Heating
NONE
Buildings
2
Units
72
Bathrooms
118
Total area
78,852 SF
Lot
2.28 ac (99,464 SF)
Zoning code
WCR3-MF20*
APN
8454-016-017
UPID
US09-6561945
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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$24.1M
WAREHOUSE, STORAGE
Est. value
$30.3M
OFFICE BUILDING
Est. value
$27.5M
RETAIL STORES
Est. value
$27.3M
APARTMENT HOUSE (5+ UNITS) Current
WAREHOUSE, STORAGE
OFFICE BUILDING
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
1963
Construction
WOOD
Heating
NONE
Buildings
2
Units
72
Bathrooms
118
Lot
2.28 ac
Current owner
From public records · entity-resolved
Advanced Zx LLC
Entity
Mailing address
5788 W ADAMS BLVD #3, LOS ANGELES, CA 90016-2459
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2025
$19,858,000
Advanced Zx LLC
Lpc 1829 E Workman Ave LLC
Grant Deed
—
Aug 11, 2022
$48,600,000
Lpc 1829 E Workman Ave LLC
Amfpiv Atrium LLC
Grant Deed
$21,142,000 · M&t Realty Capital Corporation
Nov 1, 2018
—
Amfp IV Atrium LLC
—
Grant Deed
related
$22,298,000 · Holliday Fenoglio Fowler
Oct 2, 2018
$33,850,000
Amfp IV Atrium LLC
Mg Evergreen Atrium LP
Grant Deed
—
Dec 1, 2011
—
Mg Evergreen Atrium LP
Mg Evergreen Apartments LP
Grant Deed
$13,860,000 · Cwcapital LLC
Nov 30, 2004
$18,350,000
Ppc Avf III Pacific LLC
Colton General
Grant Deed
$13,750,000 · Washington Mutual Fsb
—
—
Colton
—
Deed Of Trust
related
$6,450,000 · General Electric Capital Corp
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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