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$5,190,000
Est. payment /mo
1.93 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV26221354
HOA Y/N No
Year Built 1974
Lot Size 1.935 Acres
Property Sub-Type Retail
Property Description
Well-located multi-tenant retail investment opportunity 1535-1551 E Amar Road is a commercial property located within West Covina's established business environment, offering convenient access to surrounding residential communities, retail centers, and regional transportation routes. Positioned along Amar Road, the property benefits from visibility and connectivity that support a variety of commercial, office, retail, or service-oriented uses. Its location within the San Gabriel Valley provides access to a large consumer base, workforce population, and nearby business activity, making it well suited for businesses seeking a presence in a mature and active commercial market. The property's accessibility and proximity to major thoroughfares further enhance its appeal for tenants, owner-users, and investors alike.
The property is currently approximately 90% occupied and being offer at an approximately 6% going-in cap rate, providing investors with sable in-place income along with meaningful future upside. Current rents and expenses recoveries provide opportunities for additional income growth as leases renew and rents are adjusted toward market levels.
The only vacant space is a drive-through space which provides an additional opportunity to generate rental income and further increase NOI.
The property is currently approximately 90% occupied and being offer at an approximately 6% going-in cap rate, providing investors with sable in-place income along with meaningful future upside. Current rents and expenses recoveries provide opportunities for additional income growth as leases renew and rents are adjusted toward market levels.
The only vacant space is a drive-through space which provides an additional opportunity to generate rental income and further increase NOI.
Location
State CA
County Los Angeles
Area 669 - West Covina
Interior
Fireplace No
Laundry None
Building
Lot Description Paved
Story 1
Water Public
Others
Tax ID 8735004001
Special Listing Condition Standard
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Listed by Rachel Kim Elevate Real Estate Agency 909-727-2307, DRE #01992534
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