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Property profile & analytics
OFF-MARKET
Estimated value
$1,675,000
Apartment buildings
209 Barranca Ave Covina, CA 91723-2714
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7891938
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1959
Construction
WOOD
Total area
4,776 SF
Lot
0.22 ac (9,477 SF)
Zoning code
CVR3-RD150
APN
8445-014-022
UPID
US09-7891938
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.70M
CAP Approach
CAP
$1.18M
Comparable Approach
Comparable
$1.58M
Blend (final)
Blend
$1.68M
Owner & transaction history
Bethany Square Apartments LLC · 3 yrs held
Bethany Square Apartments LLC
since 2023
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
CVR3-RD150 · Covina, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.2M
+85.6%
Medical building
$2.2M
+82.4%
Office building
$1.6M
+32.1%
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 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
Method
Estimation
Statistic approach
$1,650,000
ML approach
$1,700,000
CAP Approach
CAP Return
Estimation
6%
$1,280,000
6.5%
$1,180,000
7%
$1,100,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,190,000
Current use
AUTO REPAIR, GARAGE
$2,210,000
Change: +86% · Conversion: Difficult
MEDICAL BUILDING
$2,170,000
Change: +82% · Conversion: Moderate
OFFICE BUILDING
$1,570,000
Change: +32% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,475,000
Change: +24% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,405,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$1,095,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$1.68M
Range $1.51M – $1.84M · ±10% · vs last sale $1.73M (Jun 27 2023)
Last sale anchor
$1.73M
Jun 27 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
$351 / 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
$22,838
Tax year 2024
Assessed value
$1,759,500
Assessed 2024
Previous assessed
$1,759,500
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$1,122,000
Assessed improvement
$637,500
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1959
Construction
WOOD
Heating
NONE
Units
6
Bathrooms
6
Total area
4,776 SF
Lot
0.22 ac (9,477 SF)
Zoning code
CVR3-RD150
APN
8445-014-022
UPID
US09-7891938
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
CVR3-RD150 · Covina, CA
Zoning CVR3-RD150 · permitted uses
CVR3-RD150 · 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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$2.2M
OFFICE BUILDING
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.4M
RETAIL STORES
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1959
Construction
WOOD
Heating
NONE
Units
6
Bathrooms
6
Lot
0.22 ac
Current owner
From public records · entity-resolved
Bethany Square Apartments LLC
Entity
Mailing address
118 W ORANGE ST, COVINA, CA 91723-2014
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2023
$1,725,000
Bethany Square Apartments LLC
Pi Properties LLC
Grant Deed
—
Oct 1, 2019
—
Pi Properties LLC
Pi Properties LLC
Grant Deed
related
—
Jul 30, 2018
$1,290,000
Pi Properties LLC
Triple M Ents LP
Grant Deed
—
May 9, 2013
—
Triple M Ents LP
Fuerst,marc
Quit Claim Deed
related
—
Dec 19, 2011
—
Covina Investment Partners LLC
Fuerst Family Trust
Grant Deed
—
Sep 29, 2010
—
Sandee C Repp
Glock,lance P
Quit Claim Deed
related
—
Sep 23, 2010
$660,000
Fuerst Family Trust
Repp,sandee C
Grant Deed
—
Sep 22, 2006
—
Sandee C Repp
Repp,sandee C
Quit Claim Deed
related
$598,000 · World Savings
Aug 14, 2003
—
Sandee C Repp
D Johnson Family Partnership
Quit Claim Deed
related
—
Nov 10, 1992
—
Johnson Dorothy L Tr
—
Deed Of Trust
related
—
Sep 15, 1971
$65,000
Johnson,dorothy L|t & D Johnson Trust
—
Grant Deed
related
—
—
—
Fuerst Family Trust
—
Deed Of Trust
related
$350,000 · Citizens Business Bank
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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