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Property profile & analytics
OFF-MARKET
Estimated value
$9,130,000
Hotels
2748 Garvey S Ave, West Covina, CA 91791-2114
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0359103
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1990
Construction
WOOD
Total area
29,984 SF
Lot
1.25 ac (54,313 SF)
Zoning code
WCC2*
APN
8480-016-023
UPID
US10-0359103
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
-
BIC Shalom (Bethel International Church) Church
-
Five Star Inn Hotel & Motel Bed & Breakfast
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.57M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.13M
Owner & transaction history
Thakorji 1 INC · 3 yrs held
Thakorji 1 INC
since 2022
Last sale
$9.7M
7 recorded transactions
Zoning & alternative use
WCC2* · West Covina, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$13.9M
+9.9%
Medical building
$13.6M
+8.0%
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 West Covina submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West 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
$8,545,000
ML approach
$8,565,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$12,625,000
Current use
AUTO REPAIR, GARAGE
$13,870,000
Change: +10% · Conversion: Difficult
MEDICAL BUILDING
$13,630,000
Change: +8% · Conversion: Difficult
WAREHOUSE, STORAGE
$11,520,000
Change: -9% · Conversion: Difficult
OFFICE BUILDING
$10,465,000
Change: -17% · Conversion: Difficult
RETAIL STORES
$10,365,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$9.13M
Range $8.22M – $10.04M · ±10% · vs last sale $9.70M (Dec 29 2022)
Last sale anchor
$9.70M
Dec 29 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
$304 / 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
$127,576
Tax year 2024
Assessed value
$9,776,700
Assessed 2024
Previous assessed
$9,776,700
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$3,100,800
Assessed improvement
$6,675,900
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
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1990
Construction
WOOD
Heating
NONE
Stories
1
Units
80
Total area
29,984 SF
Lot
1.25 ac (54,313 SF)
Zoning code
WCC2*
APN
8480-016-023
UPID
US10-0359103
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
WCC2* · West Covina, CA
Zoning WCC2* · permitted uses
WCC2* · West Covina, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Covina. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$12.6M
AUTO REPAIR, GARAGE
Est. value
$13.9M
MEDICAL BUILDING
Est. value
$13.6M
WAREHOUSE, STORAGE
Est. value
$11.5M
OFFICE BUILDING
Est. value
$10.5M
RETAIL STORES
Est. value
$10.4M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
WAREHOUSE, STORAGE
OFFICE BUILDING
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
1990
Construction
WOOD
Heating
NONE
Stories
1
Units
80
Lot
1.25 ac
Current owner
From public records · entity-resolved
Thakorji 1 INC
Entity
Mailing address
354 POMELLO DR, CLAREMONT, CA 91711-1972
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2023
—
Thakorji 1 INC
—
Deed
related
$6,000,000 · Peter Hui
Dec 29, 2022
$9,700,000
Thakorji 1 INC
Five Star Inn One LLC
Grant Deed
—
Oct 29, 2021
—
Five Star Inn One LLC
—
Deed
related
$5,565,000 · Bay Commercial Bank
Jul 21, 2021
$10,000,000
Five Star Inn One LLC
Bright Morning Star LLC
Grant Deed
$5,500,000 · The Evergreen Advantage LLC
Oct 5, 2016
—
Bright Morning Star LLC
—
Deed
related
—
Nov 13, 2013
$4,800,000
Bright Morning Star LLC
2748 East Garvey LLC
Grant Deed
$3,200,000 · Kuo Family Trust (rt)
Feb 14, 2008
—
2748 East Garvey LLC
Kuo Family Trust
Grant Deed
related
—
Aug 3, 2007
—
Kuo Family Trust A
Kuo Family Trust
Quit Claim Deed
related
—
Dec 7, 1992
—
Kuo Chen L
—
Deed Of Trust
related
—
May 12, 1989
—
Kuo
—
Grant Deed
related
$1,840,000 · Guardian Savings & Loan
—
—
Chen L Kuo
—
Deed Of Trust
related
$1,840,000 · Guardian Savings & Loan
—
—
Kuo Family Trust A
—
Deed Of Trust
related
$1,200,000 · Los Angeles National Bank
—
—
Kuo Trust
—
Deed Of Trust
related
$1,000,000 · Los Angeles National Bank
—
—
Bright Morning Star LLC
—
Deed Of Trust
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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