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    Medical/Professional Office Near Freeway Title is generated by Realmo AI

    767 S Sunset Ave, West Covina, CA 91790

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    Medical/Professional office space for sale near Queen of the Valley Hospital.

    Type:Office
    Property size:
    12,380 SF
    Price / SF:
    $343/SF
    Added:
    Jan 18, 2024
    Days on Market:
    873
    Last Refresh:
    May 12 at 8:54 pm

    Property Features for 767 S Sunset Ave

    General Information

    Standard status
    Active
    Size
    12,380 SF
    Property subtype
    Office

    Building Details

    Year Built
    1967

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    Listing Contact
    Chris Johnson

    Listing agent Chris Johnson License #CA 01934154

    Listing office Lee & Associates - Pasadena

    Listing date Jan 18, 2024

    Source Crexi

    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 Lee & Associates - Pasadena

    HighLights

    • Medical/Professional Office
    • Located right off the 10 freeway for easy access.
    • Near the Queen of the Valley Hospital
    • For Sale
    • Year Built: 1967
    • Office

    Overview

    This commercial property, suitable for medical or professional office use, is available for sale. The property is located near the Queen of the Valley Hospital and offers convenient access to the 10 freeway. The building has a size of 12380 square feet.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $416.0k $33.60
    − Vacancy −$62.4k −$5.04
    EGI $353.6k $28.56
    − OpEx −$88.4k −$7.14
    NOI $265.2k $21.42
    12,380 SF · lease $33.60/SF/yr · vacancy 15.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $3.79M
    $3.31M – $4.42M (±1% cap)
    NOI $265,180 @ 7.0% cap · market cap 6.24%
    Second Best
    Healthcare Medical
    $2.87M
    $2.51M – $3.34M (±1% cap)
    NOI $200,556 @ 7.0% cap · market cap 4.72%
    Theoretical Best
    Multifamily LT 5
    $250.81M
    $219.46M – $292.61M (±1% cap)
    NOI $17,556,796 @ 7.0% cap · market cap 413.10%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    G&L CPA Inc Accounting Firm Cameron - Sunset Professional ... Medical Clinic Western Hand Center: ... Medical Clinic Buckley Walter MD Physician Kyaw Lyn Inc: ... Physician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Similar Places Nearby

    • LA Quality Pet Care Animal Clinic (Formerly Hacienda Animal Clinic) — 1338 N Hacienda Blvd, La Puente, CA 91744
    • LA Quality Pet Care Animal Clinic (Formerly Estafanous W DVM) — 1338 N Hacienda Blvd, La Puente, CA 91744

    Location Insight

    • Map
    • Local Demand
    City
    West Covina
    County
    Los Angeles
    State
    California
    Longitude
    -117.9401695
    Latitude
    34.0675391

    FAQs

    What type of property is this?
    Medical Office Space - Medical/Professional office space for sale near Queen of the Valley Hospital.
    Where is this medical office space located?
    The property is located at 767 S Sunset Ave West Covina, CA.
    What is the asking price?
    The asking price for this property is $4,250,000.
    What are key features of this property?
    This property features: Medical/Professional Office; Located right off the 10 freeway for easy access.; Near the Queen of the Valley Hospital
    More about this property
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