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    Property profile & analytics

    531 1st Ave Covina, CA 91723-1651

    • Warehouses
    • 2,976 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimation
    $1,085,000
    Last Sale
    Dec 22, 2022
    $1,050,010
    Location Intelligence
    Property ID
    US09-8377654
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Detroit Auto Body / Auto Body Shop
    • Detroit Auto Body Sales Office / Auto Repair Shop

    Property Details for 531 1st Ave

    Year built
    2004
    Construction
    TILT-UP CONCRETE
    Lot size
    0.17 lot acres
    Property size
    2,976 SF
    Zone code
    CVM1YY
    Property type
    Warehouses
    APN
    8430-022-003
    APU
    8430022003

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,085,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,135,000
      6.5%
      $995,000
      7%
      $1,100,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,230,000
      Geo Method
      $1,255,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,040,000
      Retail
      $1,160,000
      Mixed-Use
      $1,235,000
      Hospitality
      $1,040,000
      Educational
      $1,050,000
      Residential Income
      $995,000
      Energy
      $1,225,000
      Income-Based Land
      $955,000
      Food Service
      $1,025,000

    Location Insight

    • Map
    • Local Demand
    City
    Covina
    County
    Los Angeles
    State
    California
    Longitude
    -117.886
    Latitude
    34.0913
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $13,340
    $683,400
    $387,600
    $1,071,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $310,000
      3,575 SF

      175 Frnt St

      WAREHOUSE, STORAGE • 3,575 SF
      175 Frnt St, Covina, CA 91723-1600
      View Details
    • Value Estimation
      $405,000
      2,989 SF

      507 Howard Ave

      WAREHOUSE, STORAGE • 2,989 SF
      507 Howard Ave, Covina, CA 91723-1618
      View Details
    • Value Estimation by Request
      17,693 SF

      425 Front St

      Distribution properties • 17,693 SF
      425 Front St, Covina, CA 91723
      View Details
    • Value Estimation by Request
      8,775 SF

      425 Front St

      Distribution properties • 8,775 SF
      425 Front St, Covina, CA 91723
      View Details
    • Value Estimation by Request
      7,419 SF

      723 San Bernardino Rd

      WAREHOUSE, STORAGE • 7,419 SF
      723 San Bernardino Rd, Covina, CA 91723-1415
      View Details
    • Value Estimation by Request
      9,880 SF

      621 Citrus Ave

      WAREHOUSE, STORAGE • 9,880 SF
      621 Citrus Ave, Covina, CA 91723-1113
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,276 SF

      Covina Industrial Property For Sale

      Two Warehouses, High-Power, Great Location
      841 San Bernardino Rd, Covina, CA 91723
      View Details
    • $940,000
      2,800 SF

      Mixed-Use Building with Office/Warehouse

      Mixed-use building suitable for retail, office, or light industrial.
      569 E San Bernardino Rd, Covina, CA 91723
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    • $725,000

      Security & Manufacturing Business Opportunity

      Thriving security and manufacturing business for sale in Covina, CA.
      841 E San Bernardino Rd, Covina, CA 91723
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    • $990,000
      2,976 SF

      Remodeled Freestanding Building For Sale

      Freestanding, remodeled building with office and flex space.
      578-580 E San Bernardino Rd, Covina, CA 91723
      View Details
    • $2,750,000

      Covina Industrial Property for Sale

      Industrial property available for purchase in Covina, California.
      723 E San Bernardino Rd, Covina, CA 91723
      View Details
    • Contact for pricing
      13,920 SF

      Medical/Dental Suite For Sale

      Medical/Dental suite available, near freeways and Emanent Hospital.
      246 W College St, Covina, CA 91723
      View Details

    Similar Nearby for Lease

    • $1.35 SF/Yr
      4,200 SF

      Industrial Space with Street Frontage

      Industrial space with great access and street frontage available for rent.
      718 E Edna Pl, Covina, CA 91723
      View Details
    • $18 SF/Yr
      62,000 SF

      Covina Industrial Park: Prime Space Available

      Flexible Industrial Space, Newly Renovated
      545 Edna Pl, Covina, CA 91723
      View Details
    • $1.35 SF/Yr
      10,000 SF

      Secured Warehouse with Fenced Yard

      20,000 SF warehouse with new security features and ample parking.
      575-577 E Edna Pl, Covina, CA 91723
      View Details
    • $1.45 SF/Yr
      5,000 SF

      Covina Industrial Space For Lease

      Industrial space available for lease in Covina, California.
      541-555 E Edna Pl, Covina, CA 91723
      View Details
    • $1.50 SF/Yr
      1,200 SF

      Covina Flex Space Available

      Flex space in multi-tenant building, centrally located with ample parking.
      727-751 N Grandview Ave, Covina, CA 91723
      View Details
    • $1.50 SF/Yr
      609 SF

      Covina Office Space For Rent

      Second floor office space available for lease in Covina.
      271 E Workman St, Covina, CA 91723
      View Details
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    Covina, CA 91723-1651
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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