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1051 N Citrus Ave

4,814 SF 100% Leased Retail Building Covina, CA 91722 $1,850,000 ($384/SF) 3.43% Cap Rate

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 14 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.

Financial Summary (Actual - 2024) 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 $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2024) 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 $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
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
Freestanding
Building Size
4,814 SF
Building Class
C
Year Built
1927
Price
$1,850,000
Price Per SF
$384
Cap Rate
3.43%
NOI
$63,490
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.32
Lot Size
0.35 AC
Zoning
C4, CV
Parking
14 Spaces (2.91 Spaces per 1,000 SF Leased)
Frontage
99 FT on N Citrus Ave

Amenities

  • Bus Line
  • Signalized Intersection
Walk Score ®
Very Walkable (78)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Superior Grocers
Jazzercise
Anytime Fitness
Starbucks
Alberto's Mexican Food
7  Leaves Cafe
Smart & Final
Herc Rentals
Planet Fitness
Yoshinoya

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
8421-026-024
Land Assessment
$289,658
Improvements Assessment
$194,068
Total Assessment
$483,726
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
  • Listing ID: 34358522

  • Date on Market: 1/3/2025

  • Last Updated:

  • Address: 1051 N Citrus Ave, Covina, CA 91722

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