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Property profile & analytics
OFF-MARKET
Estimated value
$2,660,000
Apartment buildings
686 Abbey Ln Pomona, CA 91767-5227
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-8623802
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1962
Construction
WOOD
Total area
5,462 SF
Lot
0.17 ac (7,512 SF)
Zoning code
POR301
APN
8323-029-022
UPID
US09-8623802
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.66M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.33M
Blend (final)
Blend
$2.66M
Owner & transaction history
Pacific Region Development INC · 3 yrs held
Pacific Region Development INC
since 2023
Last sale
$2.7M
7 recorded transactions
Zoning & alternative use
POR301 · Pomona, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.3M
+107.3%
Medical building
$2.5M
+54.9%
Commercial (general)
$1.8M
+11.8%
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 Pomona submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pomona 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
$2,580,000
ML approach
$2,655,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,605,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,325,000
Change: +107% · Conversion: Difficult
MEDICAL BUILDING
$2,485,000
Change: +55% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,790,000
Change: +12% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,745,000
Change: +9% · Conversion: Difficult
RESTAURANT
$1,680,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$2.66M
Range $2.39M – $2.93M · ±10% · vs last sale $2.70M (Jan 5 2023)
Last sale anchor
$2.70M
Jan 5 2023
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
$487 / 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
$18,523
Tax year 2024
Assessed value
$1,420,145
Assessed 2024
Previous assessed
$1,420,145
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$851,879
Assessed improvement
$568,266
Applied tax rate
7.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1962
Construction
WOOD
Heating
NONE
Cooling
YES
Units
5
Bathrooms
7
Total area
5,462 SF
Lot
0.17 ac (7,512 SF)
Zoning code
POR301
APN
8323-029-022
UPID
US09-8623802
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
POR301 · Pomona, CA
Zoning POR301 · permitted uses
POR301 · Pomona, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pomona. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.3M
MEDICAL BUILDING
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.7M
RESTAURANT
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
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
1962
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
5
Bathrooms
7
Lot
0.17 ac
Current owner
From public records · entity-resolved
Pacific Region Development INC
Entity
Free & Clear · 3 yrs held
Mailing address
2 FAITH, IRVINE, CA 92612-3252
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2023
$2,700,000
Pacific Region Development INC
Abbey Lane Group LLC
Grant Deed
—
Apr 11, 2022
$2,700,000
Pacific Region Development INC
Abbey Lane Group LLC
Grant Deed
$1,530,000 · East West Bank
Mar 20, 2020
—
Abbey Lane Group LLC
—
Deed
related
$2,470,000 · Universal Bank
Oct 17, 2017
—
Abbey Lane Group LLC
Abbey Lane Group LLC
Intrafamily Transfer
related
$1,800,000 · East West Bank
Jul 22, 2013
$2,175,000
Abbey Lane Group LLC
Kler,baldev S & Daljit K
Grant Deed
$1,495,000 · Union Bank
Dec 3, 2004
$212,500
Baldev S Kler
Garcia,joseph H & Angelica D
Grant Deed
$630,000 · United Commercial Bank
Sep 2, 1994
—
Joseph H Garcia
—
Deed Of Trust
related
—
May 19, 1994
$363,000
Glendale Federal Bank
Nijjar,swaranjit
Trustees Deed
related
—
Aug 10, 1990
$542,863
Nijjar Swaranjit
Moreau Raymond E
Trustees Deed
$354,200 · Glendale Federal Bank
Mar 30, 1988
$117,000
Raymond E Moreau
Corpa
Trustees Deed
—
—
—
Joseph H Garcia
—
Deed Of Trust
related
$170,000 · Glendale Federal Bank
—
—
Nijjar Swaranjit
—
Deed Of Trust
related
—
—
—
Nijjar Swaranjit
—
Deed Of Trust
related
$11,250 · Duchess Corp
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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