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    1532-1536 Amar Rd West Covina, CA 91792

    Sponsored
    For Sale
    $10,900,000

    West Covina Retail Center: 100% Occupied

    Property size:
    40,382 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents the Woodside Village Shopping Center, a thriving 40,382 square foot retail center in West Covina, California. Located at 1532-1536 E Amar Rd, this multi-tenant property boasts a prime location on a 2.995-acre lot, offering excellent visibility and accessibility. The center comprises two single-story buildings constructed in 1990, currently operating at 100% occupancy with six diverse tenants, including a strong mix of national, regional, and local businesses. The property features a NNN lease structure, providing a stable income stream. The asking price is $10,900,000, representing a compelling 6.21% capitalization rate and a price per square foot of $269.92. The Net Operating Income (NOI) is $677,385.25. The property benefits from high traffic counts of approximately 63,500 ADT at the intersection of E. Amar and S. Azusa Ave. The average household incomes within a 1, 3, and 5-mile radius are $103,251, $106,168, and $105,685 respectively. The center offers five entrances on E. Amar Road and four entrances on S. Azusa Ave, ensuring convenient access for customers. This e-commerce resistant tenant mix includes Grocery Outlet, 99¢ Only, Island Pacific Market, Advanced Auto Parts, and Bank of America. The property's strong tenant lineup, combined with its strategic location and high traffic counts, makes it an attractive investment opportunity. The APN is 8730-004-018. The property has a frontage of 940 feet on E. Amar Rd and 720 feet on S. Azusa Ave.

    Property Features for 1532-1536 Amar Rd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    40,382 SF
    Lot Size
    130,462 SF

    Building Details

    Year Built
    1990
    Buildings
    2
    Stories
    1
    Units
    6

    HighLights

    • 2.9958‑acre site (130,496 square feet).
    • 940 feet of frontage on East Amar Road.
    • 720 feet of frontage on South Azusa Avenue.
    • Five (5) points of ingress/egress on East Amar Road.
    • Four (4) points of ingress/egress on South Azusa Avenue.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    West Covina
    County
    Los Angeles
    State
    California
    Longitude
    -117.9128856
    Latitude
    34.0291874

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    FAQs

    What type of property is this?
    Lifestyle center - West Covina Retail Center: 100% Occupied
    Where is this lifestyle center located?
    The property is located at 1532-1536 Amar Rd West Covina, CA.
    What is the asking price?
    The asking price for this property is $10,900,000.
    What are key features of this property?
    This property features: 2.9958-acre site (130,496 square feet).; 940 feet of frontage on East Amar Road.; 720 feet of frontage on South Azusa Avenue.
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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
    1532-1536 Amar Rd West Covina, CA 91792
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