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Lester Roberts Building 218 Glendora Ave 9,235 SF 100% Leased Office Building La Puente, CA 91744 $2,800,000 ($303.19/SF) 4.53% Cap Rate
Investment Highlights
- Freestanding two-story professional and medical office building.
- Suitable for single-tenant or multi-tenant occupancy.
- Convenient access to the 60, 605, and 57 Freeways.
- Flexible layout suitable for professional, medical, dental, legal, accounting, insurance, or real estate uses.
- Reception areas, private offices, and multiple restrooms.
- Prominent building signage and strong street exposure.
Executive Summary
Freestanding two-story professional and medical office building located at 218 Glendora Avenue in La Puente, California. The property contains approximately 9,235 square feet of office space on an approximately 19,372-square-foot lot and was built in 1980. The building offers a flexible configuration suitable for an owner-user, investor, or multiple professional and medical office tenants. Existing improvements include reception and office areas, multiple restrooms, flexible floor plans, multiple points of access, prominent building signage, and 24 surface parking spaces. The property is currently income-producing with three units and total scheduled annual rent of approximately $126,793.80. Unit A leases for $6,010 per month through December 31, 2026; Unit B leases for $2,800 per month on a month-to-month basis; and Unit C leases for $1,756.15 per month through September 4, 2027. The property is zoned DBD and is conveniently located near the City of Industry, Hacienda Heights, Rowland Heights, the 60 Freeway, and connections to the 605 and 57 Freeways. APN: 8246-004-024.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
9,235 SF
Building Class
C
Year Built
1980
Price
$2,800,000
Price Per SF
$303.19
Cap Rate
4.53%
NOI
$126,794
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,618 SF
Slab To Slab
11’
Building FAR
0.48
Lot Size
0.44 AC
Zoning
LPC2* - Neighborhood Commercial
Parking
24 Spaces (2.6 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Signage
Fairly walkable
50/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 8246-004-024 | Improvements Assessment | $695,570 |
| Land Assessment | $1,678,201 | Total Assessment | $2,373,771 |
Property Taxes
Parcel Number
8246-004-024
Land Assessment
$1,678,201
Improvements Assessment
$695,570
Total Assessment
$2,373,771
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Lester Roberts Building | 218 Glendora Ave