Two-Unit Warehouse
For Sale
Contact for pricing
1242-1268 E Edna Pl, Covina, CA 91724
Freestanding industrial property combines dock-high loading with a two-unit configuration and a new roof layer.
Property Size34,848 SF
Price / SF$199
Days on Market179
Property Features for 1242-1268 E Edna Pl
General Information
Standard status
Active
Size
34,848 SF
Property subtype
INDUSTRIAL
Amenities
Dock High Loading
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Cushman & Wakefield
(626) 437-2994
Listed By:
Christopher Tolles
(626) 437-2994
Source:
Moodyscre
Added: Mar 6
Changed: Aug 29
Last Checked: Aug 31 at 2:08AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$453,440
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.54%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$9,068,800
$9.1M
Cap Rate 7%
$6,477,714
$6.5M
Cap Rate 9%
$5,038,222
$5.0M
Market Conditions
NOI Build-Up for 34,848 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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
NOI $1,306,024 @ 7.0% cap · market cap 18.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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
