Technical
Financial
Distress signals
Property profile

248 Rowland St Covina, CA 91723

OFF-MARKET
Office buildings
Property ID
US10-0348092
5,400 SF 0.27 ac lot Built 1963
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

Commercial property located on Rowland Street in Covina, California, consisting of a building divided into two separate units. Each unit has its own utilities and restrooms. The property includes 14 private parking spaces and is positioned near retail and restaurant development in the surrounding area. The building configuration and separate utilities/restrooms support use by either an investor as well as potential owner-user redevelopment or reconfiguration.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1963
Construction TILT-UP CONCRETE
Total area 5,400 SF
Lot 0.27 ac (11,735 SF)
Zoning code CVC3YY
APN 8451-003-020
UPID US10-0348092

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Insurance Agency
  • Medical Billing Service Accountant
  • Insurance Agency

Location

248 Rowland St Covina, CA 91723-3148
Covina metro Census 406103 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$747k
Blend (final) Blend
$1.17M

Owner & transaction history

since 2023
6 recorded transactions
2023
Price N/A
2016
$1.0M
2012
Price N/A
2008
Price N/A
2007
$879,909
1994
Price N/A

Zoning & alternative use

CVC3YY · Covina, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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