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Property profile & analytics
OFF-MARKET
Estimated value
$2,125,000
Apartment buildings
440 San Jose Ave Covina, CA 91723-3058
Individually Owned
Absentee Owner
Free & Clear
Property ID
US09-7509813
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1925
Construction
WOOD
Total area
11,658 SF
Lot
0.89 ac (38,763 SF)
Zoning code
CVR3-RD200
APN
8445-023-017
UPID
US09-7509813
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
$2.89M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.13M
Owner & transaction history
The Stephanie A Van Deepen Family T
The Stephanie A Van Deepen Family T
since 2025
7 recorded transactions
Zoning & alternative use
CVR3-RD200 · Covina, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$3.4M
+17.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,125,000
6.5%
$2,885,000
7%
$2,680,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,905,000
Current use
WAREHOUSE, STORAGE
$3,425,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$2.13M
Range $1.91M – $2.34M · ±10%
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
$182 / 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
$52,681
Tax year 2024
Assessed value
$3,962,287
Assessed 2024
Previous assessed
$3,962,287
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$3,056,509
Assessed improvement
$905,778
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1925
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Buildings
5
Units
20
Bathrooms
4
Total area
11,658 SF
Lot
0.89 ac (38,763 SF)
Zoning code
CVR3-RD200
APN
8445-023-017
UPID
US09-7509813
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
CVR3-RD200 · Covina, CA
Zoning CVR3-RD200 · permitted uses
CVR3-RD200 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.9M
WAREHOUSE, STORAGE
Est. value
$3.4M
APARTMENT HOUSE (5+ UNITS) Current
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
1925
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Buildings
5
Units
20
Bathrooms
4
Lot
0.89 ac
Current owner
From public records · entity-resolved
The Stephanie A Van Deepen Family T
Individual
Free & Clear · 0 yrs held
Mailing address
26803 4TH RD, PALOS VERDES ESTATES, CA 90274
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 2025
—
The Stephanie A Van Deepen Family T
Stephanie A Van Diepen
Deed
related
—
May 15, 2025
—
Elizabeth M Van Diepen
Elizabeth M Van Diepen
Deed
related
—
Oct 17, 2023
—
Matthew A Van Diepen
Matthew A Van Diepen
Intrafamily Transfer
related
—
Feb 26, 2021
—
Stephanie Felenstein
Teresa M Turner
Deed
—
Aug 14, 2020
—
Turner,teresa M Trust
Teresa M Turner
Quit Claim Deed
related
—
May 29, 2020
—
Teresa M Turner
Turner Trust
Quit Claim Deed
related
—
Dec 19, 2002
$1,214,727
Turner,tr
Watts,j D & Carole H
Grant Deed
$825,000 · Washington Mutual Fsb
Feb 7, 1997
—
Watts J D
Sanjose,
Grant Deed
related
—
Dec 20, 1996
$67,500
San Jose Ltd
Gammariello Trust
Grant Deed
—
Feb 8, 1989
$183,500
Jose Gammariello
San
Grant Deed
related
$977,500 · San Jose
Oct 13, 1988
—
Sj
Sj
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.
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