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Property profile & analytics
OFF-MARKET
Office buildings
2220 3rd St, La Verne, CA 91750-4917
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6357807
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1956
Construction
TILT-UP CONCRETE
Total area
2,776 SF
Lot
0.21 ac (9,103 SF)
Zoning code
LVPR15A*
APN
8377-016-025
UPID
US09-6357807
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Gerard Lucero Perry · 2 yrs held
Gerard Lucero Perry
since 2024
Last sale
$400,000
7 recorded transactions
Zoning & alternative use
LVPR15A* · La Verne, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 La Verne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs La Verne 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$10,154
Tax year 2024
Assessed value
$803,856
Assessed 2024
Previous assessed
$803,856
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$368,434
Assessed improvement
$435,422
Applied tax rate
5.0000
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
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1956
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
OTHER
Stories
1
Total area
2,776 SF
Lot
0.21 ac (9,103 SF)
Zoning code
LVPR15A*
APN
8377-016-025
UPID
US09-6357807
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LVPR15A* · La Verne, CA
Zoning LVPR15A* · permitted uses
LVPR15A* · La Verne, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
La Verne. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1956
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
Gerard Lucero Perry
Individual
Free & Clear · 2 yrs held
Mailing address
2219 N 4TH AVE, UPLAND, CA 91784-8401
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
May 21, 2024
—
Gerard Lucero Perry
Perry Lucero
Intrafamily Transfer
related
—
Nov 6, 2020
—
Perry G Lucero
—
Deed
related
$700,000 · Farmers & Merchants Bank Of Long Beach
Nov 1, 2005
$400,000
Perry Lucero
Burns Family Trust
Grant Deed
$399,000 · Burns Marsha K (te)
Nov 1, 2005
—
Burns Marsha K Tr
Burns,robert W
Affidavit Of Death
related
—
Jul 11, 2000
—
Burns Robert W
Burns,r W & M K
Quit Claim Deed
related
—
May 31, 1991
—
Burns Robert W
Burns,robert W
Quit Claim Deed
related
$235,000 · National Bank Southern Ca
Feb 23, 1989
—
Robert W Burns
Burns
Quit Claim Deed
related
—
—
—
Perry Lucero
—
Deed Of Trust
related
$399,000 · Burns Marsha K (te)
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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