Covina CA Real Estate & Commercial for Sale

Free-standing 1,728 square foot office building situated on 6,496 square feet of land. This property currently houses an insurance office and would be delivered vacant upon close of escrow. It has a large front reception and open working area, three private offices, two restrooms and a break room with kitchenette. It was renovated in 2015 and is move-in ready. Hardwood floors throughout, ample lighting and natural light. It has parking in the front and back of the building as well as additional street parking. Excellent signage on building facade and monument sign. Perfect for accounting, legal, architect, insurance, real estate, etc. Located with close access to the 10 freeway via Barranca and Citrus. Just below highly trafficked Rowland Ave. Close to Downtown Covina and Eastland Shopping Plaza. Surrounded by other professional and medical businesses.

We are pleased to exclusively present an owner-user opportunity to acquire 531 North 1st Ave, an industrial building in the city of Covina, California. The property is situated on the west side of North First Avenue, between East Front Street and East San Bernardino Road. The property is surrounded by four major freeways, Interstate 10, 210, 605 and California State Route 57, providing easy access to the major transportation corridors throughout the Southern California Region. The commercial building is also conveniently located half a mile away from the Metrolink Covina Station. Constructed in 2004, the property consists of two suites, each with newly constructed 1,500 square feet mezzanine space for a total of approximately 4,476 square feet of building area. The buildings are situated on a parcel of approximately 7,482 square feet. There are four surface parking spaces in front of the building, and two drive-ins by way of rear alley. The property offers two suites, each with their own drive-in service garages and side entrances. The suites are adjoining rooms with doors in the of?ce and in the service garage that can be opened to connect the two suites. Truck loading is on the west building wall with two drive-ins equipped with rollup doors that are 10 feet wide by 14 feet height each, accessing the service garages. The service garages have direct access to the ?rst-?oor suites. The ceiling height of the garage is 18 feet to 20 feet. The building is serviced by 200 amp-120-280-volt power. The ground ?oor suit is renovated with hardwood ?ooring all throughout the suite and features a private restroom and two storage rooms. The new mezzanine spaces can be accessed through the service doors and up the stairway the west side of the building. One of the mezzanine spaces is a dwelling studio unit that features a kitchen and a full bathroom with a shower. The studio offers carpet ?ooring, and the kitchen and bathroom have been renovated with hardwood ?ooring and new cabinetry. The other mezzanine space features carpet ?ooring as well and a private bathroom.

Recently renovated two story office building with great traffic and visibility in the Downtown Covina area. Great owner user opportunity with a large office space that makes up the entire second floor and three units on the first floor. Recent upgrades include 6 new ac units, mini split units, new roof, new dual pane windows. Interior has been upgraded with newer floors, paint, kitchen and updated electrical. The property includes a large empty lot that may be an opportunity to build a second structure.

Current Rent Roll shows approximately $11,400 per month. Most tenants are month by month and extremely below market rent. Owners have own the property for over 38 years. Over the years owner form friendships with tenants; thus, they never increase their rent year over year but most tenants with way below market rent is month by month. Some tenants have been occupying for close to 20 years now. Pro forma rent is about $16k NNN. ($1.25 NNN for RETAIL UNITS and $1.25 gross for offices) Very good location and condition. The building was built in 1980, Lot size: 33,106 sq ft and Building Size: 12,222 sq ft. Total 15 units – 7 retail store with individual restrooms 8 office, share 2 men and 2 women restroomsParking spaces: 48 + 2 handicap