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Property profile & analytics
OFF-MARKET
Estimated value
$1,275,000
Office buildings
211 Citrus Ave Covina, CA 91723-2135
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0208266
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1956
Construction
WOOD
Total area
3,822 SF
Lot
0.22 ac (9,374 SF)
Zoning code
CVTCC*
APN
8444-008-002
UPID
US10-0208266
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
-
Farmers Insurance - Jennifer Alvarez Insurance Agency
-
Golden Heart Real Estate Solutions Real Estate Agency
-
All & One Restoration and Construction Construction Company General Contractor
-
Above All Financial Services Inc Loan Service Bank
-
Guild Mortgage - Oscar Campa Consultant Mortgage Lender
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.32M
CAP Approach
CAP
$1.37M
Comparable Approach
Comparable
$1.51M
Blend (final)
Blend
$1.28M
Owner & transaction history
211 South Citrus Avenue LLC · 3 yrs held
211 South Citrus Avenue LLC
since 2023
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
CVTCC* · Covina, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.8M
+40.5%
Medical building
$1.7M
+38.1%
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
$1,285,000
ML approach
$1,320,000
CAP Approach
CAP Return
Estimation
6%
$1,485,000
6.5%
$1,370,000
7%
$1,275,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,260,000
Current use
AUTO REPAIR, GARAGE
$1,770,000
Change: +41% · Conversion: Difficult
MEDICAL BUILDING
$1,735,000
Change: +38% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,180,000
Change: -6% · Conversion: Easy
WAREHOUSE, STORAGE
$1,125,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$1.28M
Range $1.15M – $1.40M · ±10% · vs last sale $1.20M (Jul 11 2023)
Last sale anchor
$1.20M
Jul 11 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
$334 / 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
$18,154
Tax year 2024
Assessed value
$1,310,000
Assessed 2024
Previous assessed
$1,310,000
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$1,090,000
Assessed improvement
$220,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1956
Construction
WOOD
Heating
NONE
Stories
1
Total area
3,822 SF
Lot
0.22 ac (9,374 SF)
Zoning code
CVTCC*
APN
8444-008-002
UPID
US10-0208266
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
CVTCC* · Covina, CA
Zoning CVTCC* · permitted uses
CVTCC* · 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
OFFICE BUILDING Current
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$1.1M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1956
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
211 South Citrus Avenue LLC
Entity
Mailing address
100 N CITRUS ST STE #638, WEST COVINA, CA 91791-6609
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2023
$1,200,000
211 South Citrus Avenue LLC
William Brad Mcalpin
Grant Deed
$1,100,000 · William Mcalpin
Jul 11, 2023
—
William Brad Mcalpin
Carmina Maria Mcalpin
Affidavit Death Of Trustee/successor Trustee
related
—
Aug 9, 2016
—
Citrus International LLC
—
Deed
related
$1,480,000 · Opus Bank
Feb 18, 2009
—
Mcalpin W B & C Fam Trust
Mcalpin,william B & Carmina
Quit Claim Deed
related
—
Apr 14, 2006
—
William B Mcalpin
Mcalpin,carmina
Quit Claim Deed
related
—
Jan 27, 2004
—
Carmina Mcalpin
Mcalpin,william B
Quit Claim Deed
related
—
Jan 27, 2004
$400,000
Carmina Mcalpin
Mcalpin,v J
Grant Deed
related
$150,000 · V J Mcalpin
Aug 8, 1962
—
Vernell J|anderson William J Mcalpin
—
Grant Deed
related
—
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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