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522 E Vine Ave
West Covina, CA 91790
Flame Broiler Anchored Multi-Tenant NNN · Retail Property For Sale
Property Facts
Property Type
Retail
Property Subtype
Storefront
Building Size
5,806 SF
Building Class
C
Year Built
1948
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
0.56 AC
Zoning
C1YY - Zone: N-C
General Plan: Neighborhood - Medium Density Residential (NM)
Parking
13 Spaces (4.31 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
About 522 E VINE AVE , WEST COVINA, CA 91790
Colliers International’s, as exclusive listing agent to the seller, is pleased to present for sale the Three-Unit Retail Center in West Covina located at 522 E. Vine Avenue. The three-unit building totaling 5,800 gross leasable square feet presents an exceptional NNN investment opportunity in one of the strongest residential rental markets in Los Angeles. The Flame Broiler lease ends March, 2022 with a 2 Five Year option to extend and 3% annual increase. Ranch Town Market lease ends on November 22, 2020 while Las Champas will exercise it's option and take over the Ranch Town Market space with brand new lease starting December 1st, 2020. The CAP rate starting December 1st, 2020 would be 5.00%.
Property Taxes
| Parcel Number | 8488-002-001 | Improvements Assessment | $1,683,181 |
| Land Assessment | $1,623,648 | Total Assessment | $3,306,829 |
Property Taxes
Parcel Number
8488-002-001
Land Assessment
$1,623,648
Improvements Assessment
$1,683,181
Total Assessment
$3,306,829
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