Rowland St. Covina, CA | 254-260 E Rowland St
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Rowland St. Covina, CA 254-260 E Rowland St
6,776 SF 100% Leased Retail Building Covina, CA 91723 $1,795,000 ($265/SF) 5.47% Cap Rate
Investment Highlights
- 4 tenants exist, Pet Store, Lou's Glass, Docs Vacuum and Sewing, Beauty, Message Servs with parking in the rear. Two blocks from Old Town area
- Great shopping in the old town area with lots of stores, restaurants and shopping. Four Parcels exist. add onto the APN 021-022-023.
Executive Summary
Coldwell Banker Commercial Real Estate is pleased to seize the opportunity to market this first time on market, investment property. The site features 4 retail/office users on Rowland Street in Covina, just two blocks from the the Old Town area shopping district. For those who like accessibility, the (10) freeway system is just 1/2 mile, south from the site, The prime location is surrounded by residential and commercial neighborhoods ensuring excellent proximity to the neighboring businesses. Built in 1958 with a 6,676 sq.ft structure and a 14,300 approx sq. ft. lot size, whereby, the rear parking is very generous and accessible via the side street for Tenancy and clients, with a 100% occupancy rate. This site is very stable with a strong well maintained roof, plumbing and the HVAC units, all are in good stable condition. Plus 4 parcels exist, 3 prcls in rear 1 prcl in front.
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 |
-
|
-
|
| Operating Expenses |
-
|
-
|
| 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 | - |
| 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
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,776 SF
Building Class
C
Year Built/Renovated
1955/1999
Price
$1,795,000
Price Per SF
$265
Cap Rate
5.47%
NOI
$98,100
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.47
Lot Size
0.33 AC
Zoning
C3AY, Covina - Commercial Retail/Service/Office Usage. 4 parcels of property, see highlights.
Parking
19 Spaces (2.8 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Air Conditioning
Walk Score ®
Very Walkable (84)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 8451-003-019 | Improvements Assessment | $421,369 |
| Land Assessment | $197,552 | Total Assessment | $618,921 |
PROPERTY TAXES
Parcel Number
8451-003-019
Land Assessment
$197,552
Improvements Assessment
$421,369
Total Assessment
$618,921
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Rowland St. Covina, CA | 254-260 E Rowland St
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