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Property profile & analytics
OFF-MARKET
Estimated value
$2,310,000
Medical Office Space
535 2nd Ave Covina, CA 91723-3013
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8351720
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Construction
TILT-UP CONCRETE
Total area
15,600 SF
Lot
0.86 ac (37,392 SF)
Zoning code
CVC3A*
APN
8445-029-012
UPID
US09-8351720
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
-
Dr. Maribel Gonzalez, MD Physician Medical Clinic
-
Dr. Imtiaz S. Basrai, MD Physician
-
Carlos Mauriz, MSW Foster Care Service Social Service Agency
-
Forough A. Eftekhari, MFTI Physician
-
Michael D. Olsen, MA Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.31M
Owner & transaction history
Altamed Health Services Corp · 10 yrs held
Altamed Health Services Corp
since 2015
7 recorded transactions
Zoning & alternative use
CVC3A* · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$148 / 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
$5,078
Tax year 2024
Assessed value
$2,166,588
Assessed 2024
Previous assessed
$2,166,588
+0.0% YoY
Effective rate
0.23%
On assessed value
Assessed land
$754,100
Assessed improvement
$1,412,488
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
OTHER
Stories
1
Total area
15,600 SF
Lot
0.86 ac (37,392 SF)
Zoning code
CVC3A*
APN
8445-029-012
UPID
US09-8351720
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
CVC3A* · Covina, CA
Zoning CVC3A* · permitted uses
CVC3A* · Covina, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Covina. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.86 ac
Current owner
From public records · entity-resolved
Altamed Health Services Corp
Entity
Mailing address
2040 CAMFIELD AVE, COMMERCE, CA 90040-1502
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
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
Oct 5, 2015
—
Altamed Health Services Corp
Altamed Health Services Corp
Quit Claim Deed
related
—
Oct 29, 2014
$1,875,000
Altamed Health Services Corp
Weseloh,george A
Grant Deed
—
Feb 9, 2010
—
Mobilitie Investments II LLC
—
Deed Of Trust
related
$600,000,000 · Ge Mortgage Services INC
Dec 22, 2000
$305,000
George A Weseloh
Bructocao Trust
Grant Deed
—
Feb 3, 1997
—
Louis Trusatee Brutocao
Brutocao,l
Quit Claim Deed
related
—
—
—
Brutacao Family Ptshp
—
Deed Of Trust
related
$350,000 · Golden Pacific Bank
—
—
Altamed Health Services Corp
—
Deed Of Trust
related
$203,120,000 · Bank Of Ny Mellon
—
—
George A Weseloh
—
Deed Of Trust
related
$750,000 · Parenti Cynthia E
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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