20628 E Arrow hwy, Covina CA, 91724

Sold

20628 E Arrow hwy

Covina CA, 91724

$2,500,000

$204.55 per sqft

Sold

12,222 sqft

Commercial

Built in 1980

Listed by Geoffery Huang with RE/MAX Galaxy 909-861-9985

Current Rent Roll shows approximately $11,400 per month. Most tenants are month by month and extremely below market rent. Owners have own the property for over 38 years. Over the years owner form friendships with tenants; thus, they never increase their rent year over year but most tenants with way below market rent is month by month. Some tenants have been occupying for close to 20 years now. Pro forma rent is about $16k NNN. ($1.25 NNN for RETAIL UNITS and $1.25 gross for offices) Very good location and condition.

The building was built in 1980, Lot size: 33,106 sq ft and Building Size: 12,222 sq ft.
Total 15 units - 7 retail store with individual restrooms
8 office, share 2 men and 2 women restrooms

Parking spaces: 48 + 2 handicap

TR22037959

MLSⓇ ID

February 10, 2022

Listed

March 23, 2024

Updated

Map

20628 E Arrow hwy
Covina CA, 91724

Interior Features

Laundry Description: None
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.75 Acres
Lot Features: 0-1 Unit/Acre, Rectangular Lot

Other Property Details

Area Name: 614 - Covina
Days on Market: 187
Garage: No
View: No
County: Los Angeles
Water Source: Public
Pool: No
Buyer Agency Compensation: 2%

Listing Contact: 909-861-9985

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 3/23/2024 at 1:36 AM UTC