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Property profile & analytics
OFF-MARKET
Estimated value
$39,270,000
Apartment buildings
800 Sunset Ave West Covina, CA 91790-5513
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6562062
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1963
Construction
WOOD
Total area
72,132 SF
Lot
1.75 ac (76,109 SF)
Zoning code
WCR3-MF20*
APN
8469-001-011
UPID
US09-6562062
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
-
ÁNGEL GABRIEL Charitable Organization Volunteer Organization
-
Citrus Gardens Apartments Apartment Complex
-
Covina Carpet & Tile Cleaning Carpet & Flooring Store Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$26.50M
Blend (final)
Blend
$39.27M
Owner & transaction history
Citrus Gardens Apartments LP · 5 yrs held
Citrus Gardens Apartments LP
since 2021
Last sale
$44.9M
7 recorded transactions
Zoning & alternative use
WCR3-MF20* · West Covina, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$47.0M
+112.8%
Neighborhood: shopping center
$43.9M
+98.9%
Auto repair, garage
$33.4M
+51.2%
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 West Covina submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West 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
$40,875,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$46,970,000
Change: +113% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$43,900,000
Change: +99% · Conversion: Difficult
AUTO REPAIR, GARAGE
$33,365,000
Change: +51% · Conversion: Difficult
MEDICAL BUILDING
$32,790,000
Change: +49% · Conversion: Moderate
WAREHOUSE, STORAGE
$27,715,000
Change: +26% · Conversion: Difficult
OFFICE BUILDING
$25,170,000
Change: +14% · Conversion: Moderate
RETAIL STORES
$24,930,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$39.27M
Range $35.34M – $43.20M · ±10% · vs last sale $44.85M (Jan 26 2021)
Last sale anchor
$44.85M
Jan 26 2021
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
$544 / 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
$234,154
Tax year 2024
Assessed value
$18,651,644
Assessed 2024
Previous assessed
$18,651,644
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$5,571,342
Assessed improvement
$13,080,302
Applied tax rate
12.0000
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
1963
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Units
60
Total area
72,132 SF
Lot
1.75 ac (76,109 SF)
Zoning code
WCR3-MF20*
APN
8469-001-011
UPID
US09-6562062
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
WCR3-MF20* · West Covina, CA
Zoning WCR3-MF20* · permitted uses
WCR3-MF20* · West Covina, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Covina. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$47.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$43.9M
AUTO REPAIR, GARAGE
Est. value
$33.4M
MEDICAL BUILDING
Est. value
$32.8M
WAREHOUSE, STORAGE
Est. value
$27.7M
OFFICE BUILDING
Est. value
$25.2M
RETAIL STORES
Est. value
$24.9M
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
WAREHOUSE, STORAGE
OFFICE BUILDING
RETAIL STORES
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
1963
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
60
Lot
1.75 ac
Current owner
From public records · entity-resolved
Citrus Gardens Apartments LP
Entity
Mailing address
5150 OVERLAND AVE, CULVER CITY, CA 90230-4914
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2021
—
Citrus Gardens Apartments LP
Millbrook Park Apartments
Quit Claim Deed
—
Aug 3, 2018
—
Sunset-figueroa LLC
Cameron Sunset Apartments LLC
Quit Claim Deed
—
Mar 1, 2018
$44,850,000
Millbrook Park Apartments
Wk Sunset Plaza Venture LLC
Grant Deed
—
Jul 1, 2015
$27,435,000
Wk Sunset Plaza Venture LLC
Kor Of Bam Sunset Plaza LLC
Grant Deed
—
Sep 5, 2007
$12,250,000
Kor Of Bam Sunset Plaza LLC
Sunset Apartments LLC
Grant Deed
—
Oct 27, 2003
$20,750,000
Sunset Apartments LLC
Keystone Courts Apts LLC
Grant Deed
$16,600,000 · China Trust Bank USA
Feb 15, 2001
—
Choudary Voleti
Voleti,props
Quit Claim Deed
related
—
Dec 30, 1999
—
Props Voleti
Voleti,c D
Quit Claim Deed
related
—
Dec 31, 1997
$13,500
Ni Properties No 48 LP
Voleti Trust
Grant Deed
related
—
Jan 3, 1992
$570,000
Choudary Voleti
Randhava,ajit S
Grant Deed
—
May 17, 1989
—
Voleti Fmly Tr
Volet
Quit Claim Deed
related
—
Jun 9, 1988
$3,637,500
Koneru Kumar
Ernes
Trustees Deed
$2,640,000 · Brookside Savings & Loan
Jun 9, 1988
—
Allco 0262954 03
Web
Quit Claim Deed
related
—
Jun 9, 1988
$3,100,000
Bcp Invs
All
Trustees Deed
related
—
—
—
Keystone Court Apts LLC
—
Deed Of Trust
related
$1,988,885 · Cloudary & Rama Voleti
—
—
Randhava Ajit S
—
Deed Of Trust
related
$115,000 · Positive Invs
—
—
Choudary Voleti
—
Deed Of Trust
related
$2,400,000 · Jackson Federal 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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