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Property profile & analytics
OFF-MARKET
Estimated value
$4,910,000
Office buildings
1906 Garvey S Ave, West Covina, CA 91790-2652
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-6978878
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1990
Construction
WOOD
Total area
19,569 SF
Lot
0.79 ac (34,315 SF)
Zoning code
WCNC*
APN
8468-007-043
UPID
US09-6978878
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
-
Associated General Contractors Association / Organization
-
Covered California Certified Agent Insurance Agency
-
Covered California Certified Agent - Herman Auyang Insurance Agency
-
Covered California Certified Agent - Lily Chang Insurance Agency
-
My Rights Law - West Covina Criminal, DUI, and Injury Lawyers Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.06M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.60M
Blend (final)
Blend
$4.91M
Owner & transaction history
Olne Mortgage INC · 3 yrs held
Olne Mortgage INC
since 2023
Last sale
$4.8M
7 recorded transactions
Zoning & alternative use
WCNC* · West Covina, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$7.5M
+10.1%
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 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
$5,075,000
ML approach
$5,060,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,830,000
Current use
WAREHOUSE, STORAGE
$7,520,000
Change: +10% · Conversion: Difficult
RETAIL STORES
$6,765,000
Change: -1% · Conversion: Moderate
COMMERCIAL (GENERAL)
$6,045,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$4.91M
Range $4.42M – $5.40M · ±10% · vs last sale $4.75M (Jun 14 2023)
Last sale anchor
$4.75M
Jun 14 2023
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
$251 / 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
$63,165
Tax year 2024
Assessed value
$4,845,000
Assessed 2024
Previous assessed
$4,845,000
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$2,550,000
Assessed improvement
$2,295,000
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
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1990
Construction
WOOD
Heating
NONE
Stories
1
Total area
19,569 SF
Lot
0.79 ac (34,315 SF)
Zoning code
WCNC*
APN
8468-007-043
UPID
US09-6978878
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
WCNC* · West Covina, CA
Zoning WCNC* · permitted uses
WCNC* · 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
OFFICE BUILDING Current
Est. value
$6.8M
WAREHOUSE, STORAGE
Est. value
$7.5M
RETAIL STORES
Est. value
$6.8M
COMMERCIAL (GENERAL)
Est. value
$6.0M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
1990
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.79 ac
Current owner
From public records · entity-resolved
Olne Mortgage INC
Entity
Mailing address
1906 W GARVEY AVE S STE #200, WEST COVINA, CA 91790-2652
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 7, 2023
—
O1ne Mortgage INC
—
Deed
related
$1,267,000 · Southland Economic Development Corporati
Jun 14, 2023
$4,750,000
Olne Mortgage INC
Tilt Up LLC
Grant Deed
$2,375,000 · First Citizens Bank & Trust Co
Jun 14, 2023
—
O1ne Mortgage INC
—
Deed
related
$1,237,000 · First Citizens Bank & Trust Co
Oct 18, 2019
—
Tilt-up LLC
—
Deed
related
$2,244,000 · Us Small Business Administrati
Feb 27, 2019
—
Tilt-up LLC
—
Deed
related
$2,244,000 · Cdc Small Busn Fin
Apr 20, 2018
—
Tilt-up LLC
—
Trustees Deed
related
$2,193,591 · Jp Morgan Chase Bk
Jul 31, 2017
$3,850,000
Tilt Up LLC
Construction Industry Advisory Grou
Grant Deed
$3,465,000 · Jpmorgan Chase Bank NA
May 21, 2004
—
Construction Industry Advisory
Maksil Investment Co LLC
Grant Deed
$2,352,000 · United Labor Bank
May 14, 1999
$1,075,000
Maksil Investment Co LLC
—
Grant Deed
related
—
May 14, 1999
—
Maksil Inv
Amresco,finl
Grant Deed
related
—
Jun 1, 1998
$999,373
Amresco Financial I INC
West Covina Constructiion Co I
Trustees Deed
related
—
—
—
Tilt-up LLC
—
Deed Of Trust
related
$2,741,990 · Jp Morgan Chase Bk
—
—
Maksil Investments Co LLC
—
Deed Of Trust
related
$1,400,000 · Sunset Life Insurance Co Ameri
—
—
Maksil Investment Co LLC
—
Deed Of Trust
related
$1,400,000 · China Trust Bank
—
—
Tilt-up LLC
—
Loan Modification
related
$2,244,000 · Us Small Business Administrati
—
—
Tilt-up LLC
—
Deed Of Trust
related
$2,244,000 · Cdc Small Busn Fin
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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