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    1161 Park View Dr Covina, CA 91724

    Sponsored
    For Sale
    $5,500,000

    14,112 SF, Newly Renovated, Multi-Tenant

    Property size:
    14,112 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 14,112 square foot, two-story medical office building in Covina, California, presents a unique investment opportunity. Located in the Village Oaks Office Park, this Class C property boasts a prime location directly off Interstate 10, offering excellent freeway access, high visibility, and convenient proximity to local amenities. Completely renovated in 2023, the building features two contiguous suites: a first-floor suite of approximately 5,009 square feet and a second-floor suite of approximately 7,333 square feet. Currently housing two tenants, the property offers the potential for lease-up or owner-occupancy. Significant recent improvements, totaling nearly $1 million, include renovated lobbies and restrooms, enhanced building security, exterior finishing and paint, and new landscaping. A newly finalized long-term lease with Dish Wireless for rooftop antennas will generate an additional $36,000 in annual income. The property sits on a 0.73-acre lot and offers ample surface parking (4 spaces per 1,000 square feet). The permitted zoning is CVE5 & PCD. Built in 1983, this building represents a rare opportunity for a high-quality office investment in the heart of the San Gabriel Valley. The asking price is $5,500,000. APN: 8448-019-050.

    Property Features for 1161 Park View Dr

    General Information

    Property type
    Medical offices
    Square Feet
    14,112 SF
    Class
    C
    Lot Size
    31,799 SF

    Building Details

    Year Built/Renovated
    1983/2023
    Buildings
    1
    Stories
    2

    HighLights

    • Two existing tenants in place; potential for lease‑up or owner‑occupancy.
    • Over $1 million invested in recent capital improvements, encompassing lobbies, restrooms, security systems, exterior finishes, landscaping, and more.
    • Securing a long‑term lease with Dish Wireless for rooftop antennas, generating an additional $36,000 annual income.
    • Exceptional office investment opportunity in the San Gabriel Valley.
    Property Profile Location Intelligence

    Current Use by Public Records

    Michael Paz Mortgage Mortgage Broker sampe seattle 2014 Conference Center Butler Enterprises Tax Preparation Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Covina
    County
    Los Angeles
    State
    California
    Longitude
    -117.8604308
    Latitude
    34.0688549

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    FAQs

    What type of property is this?
    Medical office - 14,112 SF, Newly Renovated, Multi-Tenant
    Where is this medical office located?
    The property is located at 1161 Park View Dr Covina, CA.
    What is the asking price?
    The asking price for this property is $5,500,000.
    What are key features of this property?
    This property features: Two existing tenants in place; potential for lease-up or owner-occupancy.; Over $1 million invested in recent capital improvements, encompassing lobbies, restrooms, security systems, exterior finishes, landscaping, and more.; Securing a long-term lease with Dish Wireless for rooftop antennas, generating an additional $36,000 annual income.
    Request Owner's contact information
    1161 Park View Dr Covina, CA 91724
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    Covina, CA 91724
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1161 Park View Dr Covina, CA 91724
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