Multi-Tenant Strip Mall with
For Sale
$5,190,000
1535 1551 E Amar, West Covina, CA 91792
Most of the retail space is occupied, with a vacant drive-through suite available for lease.
Property Size13,000 SF
Price / SF$399.23
Days on Market18
Property Features for 1535 1551 E Amar
General Information
Standard status
Active
Size
13,000 SF
Property subtype
Retail
Occupancy
90%
Additional Details
Cap Rate
6%
Tenant in Place
Yes
Building Details
Year Built
1974
Tenancy
Multi
Listing Agency:
Lugo Brothers RE
Listed By:
Bryant and Kenneth Lugo · License #DRE #01992534
(714) 797-0001
Source:
Lugobros
Added: Oct 12
Changed: Oct 28
Last Checked: Oct 28 at 1:41PM
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 Lugo Brothers RE
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 13,000-square-foot strip mall in West Covina was built in 1974 and is approximately 90% occupied. The remaining vacant space is configured for drive-through use. The property is offered at an approximately 6% going-in cap rate.
Located at 1535–1551 E Amar Road, the property sits along Amar Road in West Covina. The site has access to nearby residential communities, retail centers, and regional transportation routes.
Located at 1535–1551 E Amar Road, the property sits along Amar Road in West Covina. The site has access to nearby residential communities, retail centers, and regional transportation routes.
Key Highlights
- 13,000‑square‑foot multi‑tenant strip mall
- Approximately 90% occupied
- Vacant suite configured for drive‑through use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$328,600
Cap Rate
6.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,572,000
$6.6M
Cap Rate 7%
$4,694,286
$4.7M
Cap Rate 9%
$3,651,111
$3.7M
Market Conditions
NOI Build-Up for 13,000 SF
Gross rent
$480.5K $36.96/SF
− Vacancy
−$11.1K −$0.85/SF
EGI
$469.4K $36.11/SF
− OpEx
−$140.8K −$10.83/SF
NOI
$328.6K $25.28/SF
Area
West Covina, CA
Vacancy
2.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,572,000
Cap Rate 7%
$4,694,286
Cap Rate 9%
$3,651,111
Alternative Uses
Best Use
Retail
$4.69M
$4.11M – $5.48M
NOI $328,600 @ 7.0% cap · market cap 6.33%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$263.37M
$230.45M – $307.27M
NOI $18,436,054 @ 7.0% cap · market cap 355.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
90%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
643
Businesses Nearby
516k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 35%
Superstores 20%
Groceries 17%
Shops & Services 16%
Target
Superstores
103,718 visits/mo
0.1 miles
The Home Depot
Home Improvements & Furnishings
48,403 visits/mo
0.4 miles
Island Pacific Supermarkets
Groceries
40,325 visits/mo
0.2 miles
McDonald's
Dining
38,716 visits/mo
0.1 miles
Seafood City
Groceries
29,620 visits/mo
0.0 miles
Demographics for 91792, CA
30,683
Population
9,673
Households
3.2
Avg Household Size
39
Median Age
34%
College-Educated
87%
High-School Grad
3.8 sq mi
ZIP Area
8,074
Density / Sq Mi
$96,383
Median Household Income
$45,687
Median Earnings
$2,199
Median Rent
$653,800
Median Home Value
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Strip mall - Most of the retail space is occupied, with a vacant drive-through suite available for lease.
Where is this strip mall located?
The property is located at 1535 1551 E Amar West Covina, CA.
What is the asking price?
The asking price for this property is $5,190,000.
What are key features of this property?
This property features: 13,000‑square‑foot multi‑tenant strip mall; Approximately 90% occupied; Vacant suite configured for drive‑through use
