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Property profile & analytics
OFF-MARKET
Estimated value
$3,160,000
Parking lots & garages
528 Citrus Ave Covina, CA 91723-2929
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-8351712
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1990
Construction
TILT-UP CONCRETE
Total area
26,570 SF
Lot
0.61 ac (26,650 SF)
Zoning code
CVR17500*
APN
8445-021-037
UPID
US09-8351712
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
Current use
Occupant on record · Public records
-
Covina Volkswagen Service & Parts Auto Repair Shop Vehicle Inspection Center
-
Covina Volkswagen Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.18M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.63M
Blend (final)
Blend
$3.16M
Owner & transaction history
Sherman-osborn LP · 5 yrs held
Sherman-osborn LP
since 2020
Last sale
$3.5M
7 recorded transactions
Zoning & alternative use
CVR17500* · Covina, 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 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
$3,015,000
ML approach
$3,175,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.16M
Range $2.84M – $3.48M · ±10% · vs last sale $3.49M (Dec 22 2020)
Last sale anchor
$3.49M
Dec 22 2020
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
$119 / 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
$27,612
Tax year 2024
Assessed value
$2,302,821
Assessed 2024
Previous assessed
$2,302,821
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$2,281,597
Assessed improvement
$21,224
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1990
Construction
TILT-UP CONCRETE
Heating
NONE
Units
1
Total area
26,570 SF
Lot
0.61 ac (26,650 SF)
Zoning code
CVR17500*
APN
8445-021-037
UPID
US09-8351712
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
CVR17500* · Covina, CAZoning CVR17500* · permitted uses
CVR17500* · Covina, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1990
Construction
TILT-UP CONCRETE
Heating
NONE
Units
1
Lot
0.61 ac
Current owner
From public records · entity-resolved
Sherman-osborn LP
Entity
Free & Clear · 5 yrs held
Mailing address
1300 AUTO CTR DR, ONTARIO, CA 91761-2210
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2020
$3,490,000
Sherman-osborn LP
Properties LP Pry
Grant Deed
—
Jun 17, 2019
$2,220,000
Pry Properties LP
Successor Agcy To The Covina R
Grant Deed
—
Dec 5, 1996
—
Harry Hill Volkswagen INC Lessee
—
Trustees Deed
related
—
—
—
Properties LP Pry
—
Deed Of Trust
related
$1,327,500 · Us Bank NA
—
—
Properties LP Pry
—
Deed Of Trust
related
$1,327,500 · Us Bank NA
—
—
Properties LP Pry
—
Deed Of Trust
related
$1,000,000 · Comerica Bank California
—
—
Properties LP Pry
—
Deed Of Trust
related
$1,350,000 · Vw Credit INC
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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