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Property profile & analytics
OFF-MARKET
Estimated value
$1,240,000
Office buildings
642 2nd Ave Covina, CA 91723-3521
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7967429
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1964
Total area
3,252 SF
Lot
0.17 ac (7,350 SF)
Zoning code
CVCP
APN
8451-003-014
UPID
US09-7967429
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
-
Alta Vista Health Services Geriatric Care Provider Nursing Home
-
Sandra Morales - Mortgage Loan Originator Nmls# 1216759 Real Estate Agency
-
Freedom With Lynn (FWL) Live Scan & Notary Fingerprinting Service Notary Public
-
Ledford Avelina R CPA Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.24M
CAP Approach
CAP
$1.17M
Comparable Approach
Comparable
$994k
Blend (final)
Blend
$1.24M
Owner & transaction history
Matrix Document Imaging INC · 1 yrs held
Matrix Document Imaging INC
since 2024
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
CVCP · Covina, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.0M
+84.9%
Auto repair, garage
$1.5M
+40.5%
Medical building
$1.5M
+38.1%
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
$1,240,000
ML approach
$1,240,000
CAP Approach
CAP Return
Estimation
6%
$1,265,000
6.5%
$1,165,000
7%
$1,085,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,070,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,980,000
Change: +85% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,505,000
Change: +41% · Conversion: Difficult
MEDICAL BUILDING
$1,480,000
Change: +38% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,005,000
Change: -6% · Conversion: Easy
WAREHOUSE, STORAGE
$955,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$1.24M
Range $1.12M – $1.36M · ±10% · vs last sale $1.24M (Oct 29 2024)
Last sale anchor
$1.24M
Oct 29 2024
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
$381 / 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
$9,644
Tax year 2024
Assessed value
$689,286
Assessed 2024
Previous assessed
$689,286
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$412,394
Assessed improvement
$276,892
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
1964
Heating
NONE
Stories
1
Total area
3,252 SF
Lot
0.17 ac (7,350 SF)
Zoning code
CVCP
APN
8451-003-014
UPID
US09-7967429
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.0M
WAREHOUSE, STORAGE
Est. value
$955,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1964
Heating
NONE
Stories
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Matrix Document Imaging INC
Entity
Mailing address
1034 E DEEPVIEW DR, COVINA, CA 91724-3469
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 29, 2024
$1,240,000
Matrix Document Imaging INC
Avelina R Ledford
Grant Deed
$620,000 · Enterprise Bank & Trust
Oct 29, 2024
—
Matrix Document Imaging INC
—
Deed
related
$512,000 · Business Finance Capital
Oct 25, 2024
—
Avelina R Ledford
Hugh W Ledford
Deed
related
—
Dec 19, 2014
$585,000
Ledford,h W & A R Family Trust
Victorio,alma E
Grant Deed
$509,000 · Bank Of The West
Jan 27, 2010
—
Alma E Victorio
Victorio,arnel C
Quit Claim Deed
related
—
Jan 27, 2010
$615,000
Alma E Victorio
Artis,judith
Grant Deed
$522,000 · Excel National Bank
Nov 19, 2004
—
Cianchetti Family Trust
Cianchetti,salvatore JR & Marilyn L
Quit Claim Deed
related
—
Aug 20, 2003
$97,000
Larry R Artis
Oki,dan T & Mary M
Grant Deed
related
—
—
—
Hurschell D Christian
—
Deed Of Trust
related
$175,000 · California State Bank
—
—
Larry R Artis
—
Deed Of Trust
related
$175,000 · Wells Fargo Bank
—
—
Larry R Artis
—
Deed Of Trust
related
$200,000 · California State 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.
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