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Property profile & analytics
FOR SALE
Commercial land
2235 Morning Canyon Rd Diamond Bar, CA 91765
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8395462
For Sale
1 / 13
$6,990,000
2235 Morning Canyon Rd, Diamond Bar, CA 91765
View Listing →
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1965
Total area
7,540 SF
Lot
1.76 ac (76,757 SF)
Zoning code
LCR3800012
APN
8292-009-138
UPID
US09-8395462
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
$3.42M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.60M
Blend (final)
Blend
$3.45M
Owner & transaction history
Ltg Morning Canyon LLC · 4 yrs held
Ltg Morning Canyon LLC
since 2022
Last sale
$3.8M
7 recorded transactions
Zoning & alternative use
LCR3800012 · Diamond Bar, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$4.6M
+85.5%
Office building
$3.8M
+55.4%
Medical building
$3.4M
+38.6%
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 Diamond Bar submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Diamond Bar 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
$3,350,000
ML approach
$3,420,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,475,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$4,590,000
Change: +86% · Conversion: Difficult
OFFICE BUILDING
$3,845,000
Change: +55% · Conversion: Easy
MEDICAL BUILDING
$3,430,000
Change: +39% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,410,000
Change: -3% · Conversion: Difficult
RESTAURANT
$2,315,000
Change: -6% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,165,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$3.45M
Range $3.10M – $3.79M · ±10% · vs last sale $3.80M (Mar 25 2022)
Last sale anchor
$3.80M
Mar 25 2022
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
$457 / 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
$46,233
Tax year 2024
Assessed value
$3,953,520
Assessed 2024
Previous assessed
$3,953,520
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$3,953,520
Applied tax rate
10.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
For Sale
Year built
1965
Heating
NONE
Total area
7,540 SF
Lot
1.76 ac (76,757 SF)
Zoning code
LCR3800012
APN
8292-009-138
UPID
US09-8395462
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LCR3800012 · Diamond Bar, CAZoning LCR3800012 · permitted uses
LCR3800012 · Diamond Bar, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.6M
OFFICE BUILDING
Est. value
$3.8M
MEDICAL BUILDING
Est. value
$3.4M
AUTO REPAIR, GARAGE
Est. value
$2.4M
RESTAURANT
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
1965
Heating
NONE
Lot
1.76 ac
Current owner
From public records · entity-resolved
Ltg Morning Canyon LLC
Entity
Mailing address
1414 S AZUSA AVE STE B-22, WEST COVINA, CA 91791-4084
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2022
$3,800,000
Ltg Morning Canyon LLC
Southern California Nv Conf Of Unit
Grant Deed
$1,800,000 · First General Bank
Mar 25, 2022
—
Southern California Nevada Cucc
Ltg Morning Canyon LLC
Quit Claim Deed
related
—
Jul 2, 2021
—
Southern California Nv Conf Of Unit
Southern California Nevada Confernc
Re-recorded Document
related
—
Feb 23, 2018
—
Diamond Bar United Ch Of Christ
—
Deed
related
$25,000 · United Ch/christ Corners Fund
Apr 10, 2006
—
Southern Ca Nv Conference Of Unit
Southern Ca Conference Of United
Quit Claim Deed
$200,000 · Vineyard Bank
—
—
California Congreatio Southern
—
Deed Of Trust
related
$182,000 · Vineyard National Bank
—
—
Diamond Bar United Ch Of Christ
—
Loan Modification
related
$25,000 · United Ch/christ Corners Fund
—
—
Cal Con Southern
—
Deed Of Trust
related
$100,000 · Vineyard National Bank
Jul 5, 1961
—
Conferenceof So Cali Congregational
—
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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