Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1050 Lakes Dr West Covina, CA 91790
    Back to Search
    Property profile & analytics

    1050 Lakes Dr West Covina, CA 91790

    View on Map
    • Office Spaces
    • 14,820 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Bright Spot Solar / Solar Energy Equipment Supplier / Solar Energy Company
    • Big Crate Trading Inc. / Logistics Company
    • BeneSys Inc / IT Consulting Firm / (Bike/Boat/Book/etc) Store
    • ZapERP Inventory / Marketing & Advertising / IT Consulting Firm
    • Manibog Law, PC / Law Firm

    Property Details for 1050 Lakes Dr

    Property size
    14,820 SF
    Property type
    Office Spaces
    Property subtype
    Office Units

    Description

    This exceptional Class A office space in West Covina, CA, offers a diverse range of flexible work solutions. Located at 1050 West Lakes Drive, Suites 225 & 250, this 14,820 square foot building boasts 350 suites, providing options for businesses of all sizes. The property underwent renovations in 2019 and features convenient amenities such as elevators. Currently, 5,970 square feet of space is available, with minimum divisible units starting at 10 square feet and maximum contiguous space reaching 1,300 square feet. The building caters to various business needs, encompassing executive office suites, coworking spaces, and creative office layouts, suitable for professional and traditional office settings. Situated in Los Angeles County, zip code 91790, this prime location offers easy access to major transportation routes and local amenities. The property's flexible design allows for customized office spaces, accommodating teams from one to over one hundred desks. This is an unparalleled opportunity to secure a prestigious and adaptable workspace in a thriving West Covina business district. The building's multiple tenancy structure provides a dynamic and collaborative environment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    West Covina
    County
    Los Angeles
    State
    California
    Longitude
    -117.923
    Latitude
    34.0715

    Comparable in this City

    • Value Estimation by Request
      118,433 SF

      1501-1521 Cameron Ave

      Medical Office Space • 118,433 SF
      1501-1521 Cameron Ave, West Covina, CA 91790
      View Details
    • Value Estimation by Request
      2,013 SF

      228 Glendora Ave

      Office Spaces • 2,013 SF
      228 Glendora Ave, West Covina, CA 91790
      View Details
    • Value Estimation
      $8,720,000
      48,732 SF

      1900 Garvey S Ave

      OFFICE BUILDING • 48,732 SF
      1900 Garvey S Ave, West Covina, CA 91790-2656
      View Details
    • Value Estimation
      $7,855,000
      39,885 SF

      1250 Sunset Ave

      MEDICAL BUILDING • 39,885 SF
      1250 Sunset Ave, West Covina, CA 91790-3961
      View Details
    • Value Estimation
      $2,665,000
      14,248 SF

      222 Sunset Ave, Unit 101

      MEDICAL BUILDING • 14,248 SF
      222 Sunset Ave, West Covina, CA 91790-2278
      View Details
    • Value Estimation by Request
      1,342 SF

      401 Vincent Ave

      OFFICE BUILDING • 1,342 SF
      401 Vincent Ave, West Covina, CA 91790-3713
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,865 SF

      Retail Space Available For Sale

      Retail space spanning 4,865 SqFt available for purchase.
      330 S Vincent Ave, West Covina, CA 91790
      View Details
    • $15,025,000

      Medical Office Building Near Hospital

      Standalone medical office near Interstate 10 and Emanate Health Hospital.
      1500 West Covina Pkwy, West Covina, CA 91790
      View Details
    • Contact for pricing
      12,380 SF

      Medical/Professional Office Near Freeway

      Medical/Professional office space for sale near Queen of the Valley Hospital.
      767 S Sunset Ave, West Covina, CA 91790
      View Details
    • Contact for pricing
      1,100 SF

      West Covina Medical Office Building

      Medical office building with suites available and ample parking.
      Covina, CA 91790
      View Details

    Similar Nearby for Lease

    • Sponsored
      Contact for pricing

      West Covina

      Discover many ways to work your way in West Covina
      1050 Lakes Dr, West Covina, CA 91790
      View Details
    • Contact for pricing

      Global Network Workspace Available

      Workspace in a global network, tailored to your needs.
      1050 West Lakes Dr, West Covina, CA 91790
      View Details
    • $1.75 SF/Yr
      947 SF

      West Covina Office Space Available

      Office space for rent featuring open workspace and offices.
      1901 W Pacific Ave, West Covina, CA 91790
      View Details
    • $1.98 SF/Yr
      900 SF

      Office/Retail Space Available

      Office/retail space for sublease until June 30, 2027.
      1210-1222 S Glendora Ave, West Covina, CA 91790
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1050 Lakes Dr
    West Covina, CA 91790
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1050 Lakes Dr, West Covina, CA, 91790
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!