Building Details

Buildings 1

Tenancy Multi

Listing Agency: Cushman & Wakefield Show Phone

Listed By: Christopher Tolles Show Phone

Source: Moodyscre

Added: Mar 6 Changed: Oct 13 Last Checked: Oct 15 at 1:57AM

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Investment Insights

Based on property information with market context.

This freestanding warehouse property contains two industrial units totaling 34,848 square feet. The building includes dock-high loading and a new roof layer, supporting warehouse-oriented operations and distribution use.

The 1242 E Edna unit contains 22,176 square feet and is vacant, while the 1268 E Edna unit contains 12,672 square feet and is leased. The property is located at 1242-1268 E Edna Pl in Covina, California, providing a two-unit configuration that accommodates separate occupancy arrangements within one industrial building.

Key Highlights

• 34,848‑square‑foot freestanding warehouse building
• Two industrial units at 1242‑1268 E Edna Pl
• 1242 E Edna unit contains 22,176 SF and is vacant

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$453,440

Cap Rate

6.54%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$9,068,800 $9.1M

Cap Rate 7%

$6,477,714 $6.5M

Cap Rate 9%

$5,038,222 $5.0M

Is this asking price fair?

Market Conditions

NOI Build-Up for 34,848 SF

Gross rent

$560.4K $16.08/SF

− Vacancy

−$26.9K −$0.77/SF

EGI

$533.5K $15.31/SF

− OpEx

−$80.0K −$2.30/SF

NOI

$453.4K $13.01/SF

Area

Los Angeles County, CA

Vacancy

4.80%

Lease Rate

$16.08 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$9,068,800

Cap Rate 7%

$6,477,714

Cap Rate 9%

$5,038,222

Alternative Uses

Best Use

Warehouse

$6.48M

$5.67M – $7.56M (±1% cap)

NOI $453,440 @ 7.0% cap · market cap 6.54%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$18.66M

$16.33M – $21.77M (±1% cap)

NOI $1,306,024 @ 7.0% cap · market cap 18.83%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Warehouses

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Spa & Massage Center Hair Salon Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

796

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 91724, CA

27,180

Population

9,372

Households

2.9

Avg Household Size

41

Median Age

36%

College-Educated

91%

High-School Grad

6.2 sq mi

ZIP Area

4,384

Density / Sq Mi

$102,129

Median Household Income

$49,276

Median Earnings

$2,056

Median Rent

$722,600

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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Similar Off Market Nearby

• Cameron Properties — 973 E Badillo St, Covina, CA 91724
• Los Angeles Warehouse — 804 E Edna Pl, Covina, CA 91723
• Vinny’s Garage — 753 E Edna Pl, Covina, CA 91723
• Public Storage — 1330 Cypress St, Covina, CA 91724

Frequently Asked Questions

What type of property is this?

Warehouse - Freestanding industrial property combines dock-high loading with a two-unit configuration and a new roof layer.

Where is this warehouse located?

The property is located at 1242-1268 E Edna Pl Covina, CA.

What is the asking price?

The asking price for this property is $6,934,752.

What are key features of this property?

This property features: 34,848‑square‑foot freestanding warehouse building; Two industrial units at 1242‑1268 E Edna Pl; 1242 E Edna unit contains 22,176 SF and is vacant