Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,430,000
Office buildings
600 Grand Ave Covina, CA 91724-3638
Entity Owned
~
Est. High Equity
Property ID
US09-8742622
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1929
Construction
WOOD
Total area
7,673 SF
Lot
0.82 ac (35,634 SF)
Zoning code
CVPCD-CP*
APN
8447-029-048
UPID
US09-8742622
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
-
Serenity Kids Charitable Organization Social Service Agency
-
Amanda J. Morales, CSW Physician
-
Gloria Burrill Rehabilitation Center
-
Michael Golden Rehabilitation Center
-
Claire Sawyer Rehabilitation Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.43M
Owner & transaction history
David & Margaret Home INC
David & Margaret Home INC
since 2025
7 recorded transactions
Zoning & alternative use
CVPCD-CP* · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,370,000
Change: -1% · Conversion: Easy
WAREHOUSE, STORAGE
$2,255,000
Change: -6% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,995,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$1.43M
Range $1.29M – $1.57M · ±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
$186 / 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
$1,706
Tax year 2024
Assessed value
$1,270,395
Assessed 2024
Previous assessed
$1,270,395
+0.0% YoY
Effective rate
0.13%
On assessed value
Assessed land
$583,221
Assessed improvement
$687,174
Applied tax rate
3.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1929
Construction
WOOD
Heating
NONE
Stories
1
Rooms
8
Total area
7,673 SF
Lot
0.82 ac (35,634 SF)
Zoning code
CVPCD-CP*
APN
8447-029-048
UPID
US09-8742622
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
CVPCD-CP* · Covina, CA
Zoning CVPCD-CP* · permitted uses
CVPCD-CP* · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$2.4M
WAREHOUSE, STORAGE
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
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
1929
Construction
WOOD
Heating
NONE
Stories
1
Rooms
8
Lot
0.82 ac
Current owner
From public records · entity-resolved
David & Margaret Home INC
Entity
Mailing address
600 S GRAND AVE, COVINA, CA 91724-3638
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2025
—
David & Margaret Home INC
Serenity INC Foster Care And Adopti
Grant Deed
—
Dec 2, 2016
—
Serenity INC Foster Care & Adoption
Serenity INC Foster Care & Adoption
Grant Deed
related
$440,000 · Sce FCU
Aug 23, 1993
$107,909
Serenity Infant Care Homes INC
Matthews,holly
Trustees Deed
—
Aug 23, 1993
$215,772
Serenity Infant Care Homes INC
Colby,fred D
Trustees Deed
$331,000 · California State Bank
Mar 31, 1993
—
Heidi Marshman
Levick,judi E
Grant Deed
related
—
Dec 15, 1989
—
Fred D Colby
Colby
Quit Claim Deed
related
—
—
—
Serenity Infant Care Homes INC
—
Deed Of Trust
related
$600,000 · Vineyard Bank
—
—
Serenity Infant Caren Homes
—
Deed Of Trust
related
$530,000 · Wells Fargo Bank
—
—
Serenity Infant Care Homes INC
—
Deed Of Trust
related
$530,000 · Wells Fargo 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 600 Grand Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
