Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1871 Wright Ave La Verne, CA 91750-5817
    Back to Search
    Property profile & analytics

    1871 Wright Ave, La Verne, CA 91750-5817

    View on Map
    • Warehouses
    • 20,456 SF
    • 1.25 lot acres
    Off-Market
    Last Sale Jun 4, 2024
    Property ID
    US09-6322885
    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
    $2,930,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Relaxor InSeat Massage / Importer / Massage Therapist

    Property Details for 1871 Wright Ave

    Year built
    1994
    Construction
    TILT-UP CONCRETE
    Lot size
    1.25 lot acres
    Zone code
    LVPID*
    Property type
    Warehouses
    APN
    8378-013-069
    APU
    8378013069

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 4, 2024 — Agg International LLC Algo Technology INC Intrafamily Transfer · related —
    May 31, 2024 — A Good Gift LLC Agg International LLC Lease $3.7M · First Citizens Bank & Trust Co
    May 31, 2024 $7,400,000 Agg International LLC Algo Technology INC Grant Deed $3M · California Statewide Certified Deve
    Nov 9, 2023 — Liu At La Verne LLC — Deed · related $4.9M · Tony Sedler Investments LP
    Jul 21, 2023 — Liu At La Verne LLC — Deed · related $3.8M · Rediger Investment Mortgage Fund
    Apr 14, 2023 — Liu At La Verne LLC — Deed · related $800k · Granville Properties LLC
    Apr 16, 2013 $2,670,000 Liu At La Verne LLC Wen Jackson & S 2002 Trust Grant Deed $1.4M · Wfb NA
    Apr 16, 2013 — Liu At La Verne LLC — Deed Of Trust · related $1.1M · Cdc Small Business Finance Co
    Sep 12, 2002 — Wen,jackson J & Sophia L Tr Wen,j J & S L Quit Claim Deed · related —
    Jun 21, 2001 $15,000,000 Jie J Wen Chen,sung-tsei & Lina Grant Deed $1M · Bank Of America
    — — Jie J Wen — Deed Of Trust · related $1.8M · Julie Choi
    — — Liu At La Verne LLC — Deed Of Trust · related $1.4M · Wells Fargo Bank
    — — Wen Jackson & S 2002 Trust — Deed Of Trust · related $2.3M · Cathay Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,435,000
      6.5%
      $4,095,000
      7%
      $3,800,000

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

    Location Insight

    • Map
    • Local Demand
    City
    La Verne
    County
    Los Angeles
    State
    California
    Longitude
    -117.777
    Latitude
    34.0957
    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
    $60,390
    $1,328,005
    $1,925,450
    $3,253,455
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,500,000
      12,252 SF

      1786 Curtiss Ct

      WAREHOUSE, STORAGE
      1786 Curtiss Ct, La Verne, CA 91750-5851
      View Details
    • Value Estimation
      $5,705,000
      46,290 SF

      1661 Fairplex Dr

      WAREHOUSE, STORAGE
      1661 Fairplex Dr, La Verne, CA 91750-5871
      View Details
    • Value Estimation
      $5,375,000
      41,302 SF

      1861 Puddingstone Dr

      WAREHOUSE, STORAGE
      1861 Puddingstone Dr, La Verne, CA 91750-5825
      View Details
    • Value Estimation
      $3,485,000
      33,060 SF

      2083 Puddingstone Dr

      WAREHOUSE, STORAGE
      2083 Puddingstone Dr, La Verne, CA 91750-5864
      View Details
    • Value Estimation
      $1,785,000
      11,032 SF

      1980 Wright Ave

      WAREHOUSE, STORAGE
      1980 Wright Ave, La Verne, CA 91750-5819
      View Details
    • Value Estimation
      $3,230,000
      21,086 SF

      1813 Yeager Ave

      WAREHOUSE, STORAGE
      1813 Yeager Ave, La Verne, CA 91750-5858
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      19,248 SF

      Industrial Building in Business Park

      High-image industrial building with multiple loading doors.
      1721 Yeager Ave, La Verne, CA 91750
      View Details
    • Contact for pricing
      5,906 SF

      Land Adjacent to Foothill Gold

      Commercial land near University of La Verne and LA County Fairgrounds.
      2282 Arrow Hwy, La Verne, CA 91750
      View Details
    • $75,000

      Established Beauty Salon For Sale

      La Verne beauty salon in a busy shopping center.
      2084 Foothill Blvd, La Verne, CA 91750
      View Details
    • Contact for pricing

      Land Parcel in Prime Location

      Highly visible land parcel near University and Fairplex.
      1828 Arrow Hwy, La Verne, CA 91750
      View Details
    • $139,999

      Affordable Mobile Home in La Verne

      Spacious 2 bed, 2 bath mobile home in La Verne.
      2755 Arrow 108, La Verne, CA 91750
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      27,968 SF

      La Verne Business Park Office

      Deluxe office space in La Verne business park.
      1889 Wheeler Ave, La Verne, CA 91750
      View Details
    • $15,800 /Mo

      Industrial Warehouse and Office Space

      10,000 SF industrial warehouse and office space for lease.
      920 Palomares St, La Verne, CA 91750
      View Details
    • $15,800 /Mo
      10,000 SF

      La Verne Warehouse/Office Space

      10,000 SF industrial warehouse and office space for lease.
      920 Palomares St, La Verne, CA 91750
      View Details
    • $0.85 SF/Yr

      La Verne Flex Space Available

      Flex space with office, dock loading, and highway frontage signage.
      1330 Arrow Hwy, La Verne, CA 91750
      View Details
    • $15,010 /Mo
      9,500 SF

      La Verne Warehouse with Office

      9,500 SF industrial warehouse with two-story office space.
      932 Palomares St, La Verne, CA 91750
      View Details
    • $15,010 /Mo

      Industrial Warehouse with Premium Office

      9,500 SF industrial warehouse with two-story office space.
      932 Palomares St, La Verne, CA 91750
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1871 Wright Ave
    La Verne, CA 91750-5817
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1871 Wright Ave, La Verne, CA, 91750
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!