Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1938 Rock Ln La Verne, CA 91750-2657

    • Apartment buildings
    • 104,676 SF
    • 7.92 lot acres
    OFF-MARKET
    Value Estimations
    $18,770,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6718450
    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.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 1938 Rock Ln

    Year built
    1973
    Construction
    WOOD
    Lot size
    7.92 lot acres
    Property size
    104,676 SF
    Zone code
    LVPR15A*
    Property type
    Apartment buildings
    APN
    8666-014-052
    APU
    8666014052

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $28,070,000
      6.5%
      $25,915,000
      7%
      $24,060,000

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $27,610,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    La Verne
    County
    Los Angeles
    State
    California
    Longitude
    -117.77
    Latitude
    34.1172
    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
    $404,395
    $7,219,017
    $26,164,445
    $33,383,462
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $22,465,000
      125,388 SF

      2421 Foothill Blvd

      APARTMENT HOUSE (5+ UNITS) • 125,388 SF
      2421 Foothill Blvd, La Verne, CA 91750-3001
      View Details
    • Value Estimation
      $755,000
      5,308 SF

      2147 3rd St

      APARTMENT HOUSE (5+ UNITS) • 5,308 SF
      2147 3rd St, La Verne, CA 91750-4902
      View Details
    • Value Estimation
      $1,170,000
      5,280 SF

      2307 Magnolia Ave

      APARTMENT HOUSE (5+ UNITS) • 5,280 SF
      2307 Magnolia Ave, La Verne, CA 91750-4834
      View Details
    • Value Estimation
      $1,120,000
      7,512 SF

      2586 Hayes Dr

      APARTMENT HOUSE (5+ UNITS) • 7,512 SF
      2586 Hayes Dr, La Verne, CA 91750-3706
      View Details
    • Value Estimation
      $5,775,000
      6,508 SF

      1452 3rd St

      APARTMENT HOUSE (5+ UNITS) • 6,508 SF
      1452 3rd St, La Verne, CA 91750-5205
      View Details
    • Value Estimation
      $9,775,000
      90,342 SF

      3475 D St

      APARTMENT HOUSE (5+ UNITS) • 90,342 SF
      3475 D St, La Verne, CA 91750-3510
      View Details

    Similar Nearby for Sale

    • $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
    • $135,000

      Immaculate Mobile Home in Family Park

      Move-in ready, 2 bed, 2 bath mobile home with pool.
      2755 Arrow 150, La Verne, CA 91750
      View Details
    • $1,400,000
      3,262 SF

      La Verne Investment Opportunity

      Spacious La Verne home with strong rental income and ADU.
      2356 Bonita Ave, La Verne, CA 91750
      View Details
    • $324,900

      La Verne 55+ Community Home

      Turn-key 2-bedroom, 2-bathroom home in a desirable 55+ community.
      4095 Fruit St, La Verne, CA 91750
      View Details
    • $1,200,000
      5,300 SF

      La Verne Retail Development Opportunity

      Prime Downtown Location, High-Density Zoning
      2224 E St, La Verne, CA 91750
      View Details
    • $1,899,000
      Pending

      Spacious Land Parcel Ready Development

      Expansive 19.44-acre lot in La Verne, primed for development.
      2516 Baseline Rd, La Verne, CA 91750
      View Details

    Similar Nearby for Lease

    • $1.60 SF/Yr
      1,674 SF

      La Verne Commerce Center Space

      Professional business park with easy freeway access.
      1518 Arrow Hwy, La Verne, CA 91750
      View Details
    • $1.20 SF/Yr
      15,000 SF

      Industrial Building with Gated Yard

      43,281 SF industrial building with gated shared yard.
      1736 Wright Ave, La Verne, CA 91750
      View Details
    • $15 SF/Yr
      20,609 SF

      La Verne Industrial/Office Space

      10,000 SF Available, High Visibility
      1330 Arrow Hwy, La Verne, CA 91750
      View Details
    • $1.60 SF/Yr
      1,655 SF

      La Verne Commerce Center Space

      Flex/industrial space with excellent freeway access and Arrow Highway frontage.
      1588 Arrow Hwy, La Verne, CA 91750
      View Details
    • $0.85 SF/Yr
      10,000 SF

      Industrial Space with Arrow Highway Frontage

      Industrial property featuring office space, parking, and highway access.
      1324-1330 Arrow Hwy, La Verne, CA 91750
      View Details
    • $0.85 SF/Yr
      10,000 SF

      La Verne Flex Space Available

      Flex space with office, dock loading, and highway frontage signage.
      1330 Arrow Hwy, 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.
    1938 Rock Ln
    La Verne, CA 91750-2657
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.