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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Office buildings
971 Citrus Ave Covina, CA 91722-2751
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7879970
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1954
Construction
WOOD
Total area
1,246 SF
Lot
0.12 ac (5,412 SF)
Zoning code
CVCP*
APN
8421-025-019
UPID
US09-7879970
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
-
Constantine Creations (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$700k
CAP Approach
CAP
$445k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$700k
Owner & transaction history
Daniel Montes · 1 yrs held
Daniel Montes
since 2024
Last sale
$700,000
7 recorded transactions
Zoning & alternative use
CVCP* · Covina, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$760,000
+94.8%
Auto repair, garage
$575,000
+48.1%
Medical building
$565,000
+45.5%
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
$700,000
ML approach
$700,000
CAP Approach
CAP Return
Estimation
6%
$485,000
6.5%
$445,000
7%
$415,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$760,000
Change: +95% · Conversion: Difficult
AUTO REPAIR, GARAGE
$575,000
Change: +48% · Conversion: Difficult
MEDICAL BUILDING
$565,000
Change: +46% · Conversion: Easy
Blend value · Realmo final
$700k
Range $630k – $770k · ±10% · vs last sale $700k (Jul 25 2024)
Last sale anchor
$700k
Jul 25 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
$562 / 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
$4,473
Tax year 2024
Assessed value
$285,671
Assessed 2024
Previous assessed
$285,671
+0.0% YoY
Effective rate
1.57%
On assessed value
Assessed land
$129,136
Assessed improvement
$156,535
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
1954
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Total area
1,246 SF
Lot
0.12 ac (5,412 SF)
Zoning code
CVCP*
APN
8421-025-019
UPID
US09-7879970
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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$760,000
AUTO REPAIR, GARAGE
Est. value
$575,000
MEDICAL BUILDING
Est. value
$565,000
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1954
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Daniel Montes
Individual
Mailing address
522 N LOUISE AVE, AZUSA, CA 91702-2825
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 6, 2024
—
Daniel Montes
—
Deed
related
$289,000 · Southland Economic Development Corporati
Jul 25, 2024
$700,000
Daniel Montes
Robert J Avila
Grant Deed
$350,000 · Zb NA
Jul 25, 2024
—
Daniel Montes
—
Deed
related
$280,000 · Zb NA
Mar 2, 2023
—
Robert J Avila
—
Deed
related
$264,000 · Edward J Rosenfeld
Mar 2, 2018
—
Robert J Avila
—
Deed
related
$100,000 · Perry Grundman
Jan 16, 2007
—
Robert J Avila
Christine Avila
Intrafamily Transfer
related
$287,000 · Velocity Commercial Capital LLC
Apr 23, 1998
$182,500
Robert J Avila
Schubert,roy L
Grant Deed
$160,966 · Seller
—
—
Robert J Avila
—
Deed Of Trust
related
$30,900 · Dennis T O'hagan
—
—
Robert J Avila
—
Deed Of Trust
related
$225,000 · Gettler Family 1989 Trust (pt)
—
—
Robert J Avila
—
Deed Of Trust
related
$274,000 · California Cu
—
—
Robert J Avila
—
Deed Of Trust
related
$11,000 · Matthew Gross
—
—
Robert J Avila
—
Deed Of Trust
related
$100,000 · Perry Grundman
—
—
Christine Avila
—
Deed Of Trust
related
$192,500 · 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.
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