Technical
Financial
Distress signals
Property profile

1001 Grand Ave Covina, CA 91724

OFF-MARKET
Industrial properties
Property ID
US09-6416062
57,538 SF 3.72 ac lot Built 1992
Individually Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Covina retail property, located at 1001 N Grand Ave, 91724, offers a diverse range of leasing options within a thriving community shopping center. The 19,444 square foot building, constructed in 1956, features ample parking and boasts excellent street visibility and signage. Units range from a minimum of 578 square feet to a maximum contiguous space of 23,600 square feet, with a significant 38,761 square feet currently vacant. Ideal for a variety of businesses, including but not limited to massage therapy, acupuncture, boba shops, nail salons, ice cream parlors, mobile phone retailers, dance studios, dental or medical practices, and furniture or mattress stores (tenant verification required with relevant authorities). The center benefits from its location on bustling Grand Boulevard and includes a junior anchor space of approximately 23,600 square feet and an end-cap space of approximately 8,063 square feet. Multiple smaller units are also available, ranging from approximately 578, 900, 1,198, and 1,682 square feet. This property is situated in Los Angeles County and offers convenient access via multiple entrances. The center is anchored by several high-profile national retailers, ensuring a strong customer base and high foot traffic. This is a first-class retail opportunity with significant potential.

Property profile

Verified
Property type Industrial properties
Use group LUMBERYARD, BUILDING MATERIALS
Year built 1992
Construction TILT-UP CONCRETE
Total area 57,538 SF
Lot 3.72 ac (162,256 SF)
Zoning code CVC2*
APN 8422-018-006
UPID US09-6416062

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • Hair Salon Nail Salon
  • Hair Salon Nail Salon

Location

1001 Grand Ave Covina, CA 91724-2073
Covina metro Census 403721 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$18.43M

Owner & transaction history

since 2025
Last sale
$25.3M
7 recorded transactions
2025
Price N/A
2025
$25.3M
2010
$5.8M
2010
Price N/A
1996
Price N/A
1994
$1.7M
1992
Price N/A

Zoning & alternative use

CVC2* · Covina, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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