1051 N Citrus Ave
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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
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)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 8421-026-024 | Total Assessment | $483,726 |
Land Assessment | $289,658 | Annual Taxes | ($1) ($0.00/SF) |
Improvements Assessment | $194,068 | Tax Year | 2024 |
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
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1051 N Citrus Ave
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