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Property profile & analytics
OFF-MARKET
Estimated value
$2,235,000
Apartment buildings
512 Phillips Blvd Pomona, CA 91766-4541
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7574481
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1961
Construction
WOOD
Total area
22,500 SF
Lot
1.13 ac (49,159 SF)
Zoning code
POR31000*
APN
8328-005-026
UPID
US09-7574481
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.24M
Owner & transaction history
Rec Phillips 512 LLC · 2 yrs held
Rec Phillips 512 LLC
since 2024
7 recorded transactions
Zoning & alternative use
POR31000* · Pomona, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Pomona submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pomona 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$99 / 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
$47,877
Tax year 2024
Assessed value
$3,328,126
Assessed 2024
Previous assessed
$3,328,126
+0.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$867,540
Assessed improvement
$2,460,586
Applied tax rate
7.0000
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
1961
Construction
WOOD
Heating
NONE
Buildings
2
Units
36
Bathrooms
14
Total area
22,500 SF
Lot
1.13 ac (49,159 SF)
Zoning code
POR31000*
APN
8328-005-026
UPID
US09-7574481
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
POR31000* · Pomona, CA
Zoning POR31000* · permitted uses
POR31000* · Pomona, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pomona. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1961
Construction
WOOD
Heating
NONE
Buildings
2
Units
36
Bathrooms
14
Lot
1.13 ac
Current owner
From public records · entity-resolved
Rec Phillips 512 LLC
Entity
Mailing address
1833 PECK RD APT #3, MONROVIA, CA 91016-4771
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2024
—
Rec Phillips 512 LLC
Robert Cornejo
Grant Deed
—
May 25, 2022
—
Robert Comejo
—
Deed
related
$2,340,000 · Orange Countys Cu
Dec 28, 2012
—
Cornejo Robert & E 2008 Trust
Cornejo,robert & Eileen
Quit Claim Deed
related
—
Aug 18, 2008
—
Cornejo R & E Living Trust
Cornejo,robert & Eileen
Quit Claim Deed
related
—
Jun 11, 2003
$2,300,000
Thomas M Cornejo
Lin,kuan-jung
Grant Deed
$1,661,000 · Imperial Capital Bank
Apr 28, 2000
$1,100,000
Kuan-jung Lin
Scruggs Trust
Grant Deed
$825,000 · Highland Federal Bank
Jul 1, 1997
—
Scruggs,patricia A Co-trustee
Scruggs P A Trustee,
Quit Claim Deed
related
—
—
—
Kuan-jung Lin
—
Deed Of Trust
related
$980,000 · Evertrust 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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