1161 Park View Dr Covina, CA 91724
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14,112 SF, Newly Renovated, Multi-Tenant
Property size:
14,112 SFProperty Features for 1161 Park View Dr
General Information
- Property type
- Medical Office Space
- Square Feet
- 14,112 SF
- Class
- C
- Lot Size
- 31,799 SF
Building Details
- Year Built/Renovated
- 1983/2023
- Buildings
- 1
- Stories
- 2
Listing Agent: Steven Saunders
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
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 Profile
Insight Report
Location Intelligence
Current Use by Public Records
Michael Paz Mortgage
Loan Service
sampe seattle 2014
Conference Center
Butler Enterprises
Tax Preparation
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 Space - 14,112 SF, Newly Renovated, Multi-Tenant
Where is this medical office space 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.
