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Financial
Distress signals
Property profile

500 1st Ave Covina, CA 91723

OFF-MARKET
Other apartment buildings
Property ID
US09-7837543
4,798 SF 0.36 ac lot Built 1954
Individually Owned Owner of record is an individual. 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

An eight-unit apartment building located in Covina on a 0.366-acre lot, totaling approximately 4,798 square feet. The unit mix consists of two 2-bedroom, 1-bath units and six 1-bedroom, 1-bath units. Each apartment includes a private yard, and two units also have spacious balconies. The property provides eight covered carports, each with storage cabinets, along with a shared on-site laundry facility. Building updates include upgraded electrical service, fresh exterior paint, and newer windows,…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$5k
Tax billed · 2024
Assessed value$193k
Assessed land$68k
Assessed improvement$126k
Effective rate2.79%

Value estimate

· Oct 2026
$300k
$270k – $330k
Submarket $/SF estimate$754k

Realmo valuation models over county records and 21 qualifying comparable sales.

Recently sold

What actually traded nearby?
$249/SF
ZIP average, outlier-cleaned · 48 recorded sales of this use type
Observed band · Q1–Q3$157 – $331
Qualifying comparables21

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
CVR3-RD125
JurisdictionLOS ANGELES

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility11.3
Smoke and Vape Shop8.7
Butcher8.5

Location

500 1st Ave Covina, CA 91723-3159
County assessor Recorded deeds · 2 transfers 21 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 11 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
219 Ctr, Covina, CA 91723-2556 $1,575,000 Jan 2025 4,486 SF
238 4th, Covina, CA 91723-2521 $1,540,000 Sep 2024 5,010 SF
637 Ruddock, Covina, CA 91723-1714 $1,312,500 Jul 2024 5,102 SF
316 Orlando, Covina, CA 91723-3037 $1,635,000 Jun 2024 4,692 SF
533 Eremland, Covina, CA 91723-3108 $4,000,000 Mar 2024 4,888 SF
502 Hurst, Covina, CA 91723-1322 $1,200,000 Oct 2023 4,550 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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