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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Apartment buildings
500 Parker Dr Glendora, CA 91741-4267
Trust Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8383438
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1957
Construction
WOOD
Total area
3,570 SF
Lot
0.24 ac (10,516 SF)
Zoning code
GDR3
APN
8639-027-008
UPID
US09-8383438
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
$885k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$660k
Owner & transaction history
Choy P P & G M Living Trust · 14 yrs held
Choy P P & G M Living Trust
since 2012
7 recorded transactions
Zoning & alternative use
GDR3 · Glendora, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.1M
+10.2%
Office building
$1.0M
+7.9%
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 Glendora submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glendora 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%
$955,000
6.5%
$885,000
7%
$820,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$950,000
Current use
WAREHOUSE, STORAGE
$1,050,000
Change: +10% · Conversion: Difficult
OFFICE BUILDING
$1,025,000
Change: +8% · Conversion: Moderate
Blend value · Realmo final
$660k
Range $594k – $726k · ±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
$185 / 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
$12,184
Tax year 2024
Assessed value
$910,630
Assessed 2024
Previous assessed
$910,630
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$628,023
Assessed improvement
$282,607
Applied tax rate
4.0000
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
1957
Construction
WOOD
Heating
NONE
Cooling
YES
Units
5
Bathrooms
5
Total area
3,570 SF
Lot
0.24 ac (10,516 SF)
Zoning code
GDR3
APN
8639-027-008
UPID
US09-8383438
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
GDR3 · Glendora, CAZoning GDR3 · permitted uses
GDR3 · Glendora, 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$950,000
WAREHOUSE, STORAGE
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS) Current
WAREHOUSE, STORAGE
OFFICE BUILDING
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
1957
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
5
Bathrooms
5
Lot
0.24 ac
Current owner
From public records · entity-resolved
Choy P P & G M Living Trust
Trust
Mailing address
416 W LONGDEN AVE, ARCADIA, CA 91007-8127
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
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
Jan 18, 2012
—
Choy P P & G M Living Trust
Choy,peter P & Gloria
Quit Claim Deed
related
—
Apr 5, 2011
—
Peter P Choy
J2 & C2 Investment LLC
Grant Deed
—
Mar 23, 2010
—
J2 & C2 Investment LLC
Choy,gloria
Grant Deed
—
Jun 29, 2007
$660,000
Gloria Choy
Bates Living Trust
Grant Deed
$260,000 · Eric G & Sharon D Bates
Jun 29, 2007
—
Gloria Choy
Choy,peter P
Quit Claim Deed
related
—
Nov 7, 2005
—
Bates Trust
Bates,eric & Sharon
Quit Claim Deed
related
—
Mar 31, 2000
$335,000
Eric Bates
Chan,henry K & Esther L
Grant Deed
$220,000 · East West Bank
Nov 8, 1991
$360,000
Henry K Chan
Rinehart,terrell
Grant Deed
$250,000 · Home Savings Of America
—
—
Henry K Chan
—
Deed Of Trust
related
$45,000 · Security Factors
—
—
Terrell Rinehart
—
Deed Of Trust
related
$75,000 · Badham Fmly Tr&
—
—
Eric Bates
—
Deed Of Trust
related
$229,000 · East West Bank
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
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