New search
Property profile & analytics
OFF-MARKET
Estimated value
$3,620,000
Auto shops
345 Citrus Ave Covina, CA 91723-2644
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7586274
Property summary
AI-generated overview
This exceptional 2.05-acre commercial land parcel, located at 345 S Citrus Ave in Covina, California (zip code 91723), presents a unique investment opportunity. Situated in Los Angeles County, this property boasts a highly desirable MUOD/C-3A Mixed Use/commercial zoning designation (verification with the City of Covina is recommended). The expansive lot size, approximately 89,172 square feet, offers significant development potential. This is the last major undeveloped land parcel available off Citrus Avenue, making it a truly rare find. The location benefits from exceptional visibility and accessibility, with an average daily traffic count of approximately 24,275 vehicles. This prime location offers unparalleled exposure for a wide range of commercial developments. The asking price for this remarkable property is $13,200,000. Serious inquiries only. Don't miss this chance to acquire a significant piece of Covina's commercial landscape. The property's coordinates are 34.0767495 latitude and -117.8911201 longitude.
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1970
Construction
TILT-UP CONCRETE
Total area
4,185 SF
Lot
2.05 ac (89,172 SF)
Zoning code
CVTCC*
APN
8444-009-010
UPID
US09-7586274
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
$3.88M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.56M
Blend (final)
Blend
$3.62M
Owner & transaction history
Draneb Properties 6 LLC · 5 yrs held
Draneb Properties 6 LLC
since 2021
Last sale
$3.6M
2 recorded transactions
Zoning & alternative use
CVTCC* · Covina, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.5M
+31.6%
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 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
$3,450,000
ML approach
$3,880,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,545,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$3.62M
Range $3.26M – $3.98M · ±10% · vs last sale $3.60M (Apr 23 2021)
Last sale anchor
$3.60M
Apr 23 2021
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
$865 / 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
$48,147
Tax year 2024
Assessed value
$3,820,348
Assessed 2024
Previous assessed
$3,820,348
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$3,714,228
Assessed improvement
$106,120
Applied tax rate
17.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1970
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
4,185 SF
Lot
2.05 ac (89,172 SF)
Zoning code
CVTCC*
APN
8444-009-010
UPID
US09-7586274
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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER
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
1970
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
2.05 ac
Current owner
From public records · entity-resolved
Draneb Properties 6 LLC
Entity
Mailing address
21307 ANDALUCIA LN, HUNTINGTON BEACH, CA 92648-5745
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 23, 2021
$3,600,000
Draneb Properties 6 LLC
La Land LLC
Grant Deed
$2,520,000 · Comerica Bank
Jun 19, 2014
—
La Land LLC
La Land Co
Quit Claim 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 345 Citrus Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
