Industrial Warehouse Condos with
For Sale
Contact for pricing
751-827 E Edna Pl, Covina, CA 91723
Three industrial warehouse condos are available with sprinkler systems.
Property Size2,856 SF
Price / SF$399
Days on Market188
Property Features for 751-827 E Edna Pl
General Information
Standard status
Active
Size
2,856 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
22 ft
Sprinkler System
Yes
Listing Agency:
Daum Commercial
(562) 695-7244
Listed By:
Kurt Yacko
(949) 903-0496
Source:
Moodyscre
Added: Mar 11
Changed: Aug 16
Last Checked: Sep 14 at 10:00AM
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 Daum Commercial
Investment Insights
Based on property information with market context.
Industrial warehouse condos available within High Image Business Park, offering three units ranging from 2,856 to 4,910 SF. Each condo includes sprinklers and features 22 ft clearance, supporting a wide range of warehouse and light industrial uses.
The properties are located at 751-827 E Edna Pl in Covina, CA 91723, providing on-site industrial condo configurations suited to operators looking for warehouse space within a multi-unit business park setting.
The properties are located at 751-827 E Edna Pl in Covina, CA 91723, providing on-site industrial condo configurations suited to operators looking for warehouse space within a multi-unit business park setting.
Key Highlights
- Three industrial condos available in High Image Business Park
- 22 Ft clearance
- Sprinklers
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
$37,162
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
3.26%
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%
$743,240
$743.2K
Cap Rate 7%
$530,886
$530.9K
Cap Rate 9%
$412,911
$412.9K
Market Conditions
NOI Build-Up for 2,856 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
$45.9K $16.08/SF
− Vacancy
−$2.2K −$0.77/SF
EGI
$43.7K $15.31/SF
− OpEx
−$6.6K −$2.30/SF
NOI
$37.2K $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%
$743,240
Cap Rate 7%
$530,886
Cap Rate 9%
$412,911
Alternative Uses
Best Use
Warehouse
$530.9K
$464.5K – $619.4K
NOI $37,162 @ 7.0% cap · market cap 3.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.53M
$1.34M – $1.78M
NOI $107,036 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
22 ft
Clear height
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,271
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 91723, CA
19,653
Population
6,516
Households
3
Avg Household Size
38
Median Age
25%
College-Educated
87%
High-School Grad
2.3 sq mi
ZIP Area
8,545
Density / Sq Mi
$87,363
Median Household Income
$44,154
Median Earnings
$1,711
Median Rent
$663,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Similar Off Market Nearby
- Personal Units 4U — 113 N Citrus Ave, Covina, CA 91723
- Covina Self Storage — 1101 N Azusa Ave, Covina, CA 91722
- Self-Storage at U-Haul — 1040 N Azusa Ave, Covina, CA 91722
Frequently Asked Questions
What type of property is this?
Warehouse - Three industrial warehouse condos are available with sprinkler systems.
Where is this warehouse located?
The property is located at 751-827 E Edna Pl Covina, CA.
What is the asking price?
The asking price for this property is $1,139,544.
What are key features of this property?
This property features: Three industrial condos available in High Image Business Park; 22 Ft clearance; Sprinklers
