Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Medical Office Space
626 2nd Ave Covina, CA 91723-3517
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0348099
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1956
Construction
WOOD
Total area
2,922 SF
Lot
0.17 ac (7,504 SF)
Zoning code
CVCP
APN
8451-003-016
UPID
US10-0348099
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
-
Wong Dental Dental Office
-
Martinez Christina Dental Office
-
Steve Marteney Dental Office
-
Dulguun Erdenebileg Dental Office
-
Collin Tsai Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$405k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$349k
Blend (final)
Blend
$535k
Owner & transaction history
Wls 2nd Avenue LLC · 9 yrs held
Wls 2nd Avenue LLC
since 2017
7 recorded transactions
Zoning & alternative use
CVCP · 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
$405,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$535k
Range $482k – $589k · ±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
$183 / 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
$18,249
Tax year 2024
Assessed value
$1,422,282
Assessed 2024
Previous assessed
$1,422,282
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$728,209
Assessed improvement
$694,073
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1956
Construction
WOOD
Heating
NONE
Cooling
OTHER
Stories
1
Total area
2,922 SF
Lot
0.17 ac (7,504 SF)
Zoning code
CVCP
APN
8451-003-016
UPID
US10-0348099
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
CVCP · Covina, CA
Zoning CVCP · permitted uses
CVCP · 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
Year built
1956
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Wls 2nd Avenue LLC
Entity
Mailing address
1002 KEMP DR, PLACENTIA, CA 92870-5283
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 11, 2020
—
Wls 2nd Avenue LLC
—
Deed
related
$1,072,000 · Citibank NA
Feb 10, 2017
$1,250,000
Wls 2nd Avenue LLC
Jom Properties LLC
Grant Deed
$1,275,000 · Live Oak Bkg
Aug 9, 2016
—
Jom Properties LLC
—
Deed
related
$200,000 · Live Oak Bkg
Nov 19, 2014
$845,000
Jom Properties LLC
Marteney,brenda L
Grant Deed
$980,000 · Live Oak Bkg
Jul 24, 2013
—
Brenda L Marteney
Marteney,brenda L
Quit Claim Deed
related
$350,000 · Rose Kenneth E 1994 Trust
Sep 17, 2009
—
Brenda L Marteney
Marteney,steve M
Quit Claim Deed
related
—
Jul 20, 1992
$375,000
Steve M Marteney
—
Grant Deed
related
—
—
—
Jom Properties LLC
—
Deed Of Trust
related
$200,000 · Live Oak Bkg
—
—
Brenda L Marteney
—
Deed Of Trust
related
$410,000 · Craig S Inouye
—
—
Steve M Marteney
—
Deed Of Trust
related
$155,000 · Rancho 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 626 2nd 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.
