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1051 N Citrus Ave 4,814 SF 100% Leased Retail Building Covina, CA 91722 $1,485,000 ($308.48/SF) 5% Cap Rate



INVESTMENT HIGHLIGHTS
- Great Street Frontage with High Visibility
- 20 Open Parking Spaces
- Excellent Unit Mix
- Individually Metered for Electricity
- Near Downtown Covina & Metro Link Station
- Low Maintenance
EXECUTIVE SUMMARY
Prime Office & Retail Building for Sale – A Premium Investment Opportunity Located in a high-traffic area, this versatile office and retail building offers an exceptional investment opportunity for buyers seeking a dynamic and profitable property. The building spans multiple levels, providing ample space for both retail and office use. Upper floors include modern office spaces with flexible layouts, suitable for single or multi-tenant use. Each office features high ceilings, large windows, and abundant natural light, fostering a productive work environment. On-site parking with 20 spaces available, including dedicated spots for both retail customers and office tenants. Situated in a bustling area with high visibility, the building is easily accessible via major highways and public transportation. The surrounding area boasts high foot traffic, a mix of residential, commercial, and leisure destinations, ensuring constant visibility and business flow. Multi-tenant rental income from both office and retail spaces. Strong demand for retail and office properties in this highly sought-after area with potential for long-term capital appreciation. Whether you’re looking to expand your portfolio or invest in a prime location that offers both retail and office tenants, this property offers everything you need for a successful venture. ***Seller May Carry***
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
4,814 SF
Building Class
C
Year Built
1972
Price
$1,485,000
Price Per SF
$308.48
Cap Rate
5%
NOI
$74,250
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.32
Lot Size
0.35 AC
Zoning
C4, CV - RENT ROLL
STE A $1,900.00
STE B $875.00
STE C & D $1,325.00
STE E, F & I $1,750.00
STE G $3,080.00
Parking
20 Spaces (4.15 Spaces per 1,000 SF Leased)
Frontage
99’ on N Citrus Ave
AMENITIES
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Air Conditioning
- Smoke Detector
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- A & E Auto
- Rental and Leasing Services
-
99,999 SF
-
$9.99
- -
- Antranick
- Services
-
99,999 SF
-
$9.99
- -
- Juan
- Services
-
99,999 SF
-
$9.99
- -
- Julio
- Services
-
99,999 SF
-
$9.99
- -
- Mark
- Services
-
99,999 SF
-
$9.99
- -
- Michael
- Services
-
99,999 SF
-
$9.99
- -
- Monica
- Professional, Scientific, and Technical Services
-
99,999 SF
-
$9.99
- -
- Serrano
- Services
-
99,999 SF
-
$9.99
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| A & E Auto | Rental and Leasing Services | 99,999 SF | $9.99 | - | ||
| Antranick | Services | 99,999 SF | $9.99 | - | ||
| Juan | Services | 99,999 SF | $9.99 | - | ||
| Julio | Services | 99,999 SF | $9.99 | - | ||
| Mark | Services | 99,999 SF | $9.99 | - | ||
| Michael | Services | 99,999 SF | $9.99 | - | ||
| Monica | Professional, Scientific, and Technical Services | 99,999 SF | $9.99 | - | ||
| Serrano | Services | 99,999 SF | $9.99 | - |
Walk Score®
Very Walkable (79)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 8421-026-024 | Improvements Assessment | $197,949 |
| Land Assessment | $295,451 | Total Assessment | $493,400 |
PROPERTY TAXES
Parcel Number
8421-026-024
Land Assessment
$295,451
Improvements Assessment
$197,949
Total Assessment
$493,400
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1051 N Citrus Ave
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