1051 N Citrus Ave Covina, CA 91722
- Investment properties
- 4,094 SF
- 0.35 lot acres
Current Use by Public Records
- Tres Novu Hair Salon / Hair Salon
- FemDocs, LLC / Legal Services
- Stunning by Ivy / Nail Salon
- SoCal Sportscars / Car Repair And Maintenance Service
- UltiPrints / 3D Printing Service
Property Details for 1051 N Citrus Ave
- Year built
- 1927
- Construction
- WOOD
- Lot size
- 0.35 lot acres
- Property size
- 4,094 SF
- Zone code
- CVC4*
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 8421-026-024
- APU
- 8421026024
Description
This exceptional investment opportunity presents a 4,814 square foot mixed-use building situated on a 0.35-acre lot at 1051 Citrus Avenue, Covina, CA. Priced at $1,750,000, this multi-level property offers a blend of retail and office space, ideal for a diverse range of tenants. The upper floors feature modern office spaces with adaptable layouts, perfect for single or multi-tenant occupancy. Each office boasts high ceilings, large windows, and abundant natural light, creating a productive and inviting atmosphere. Ample on-site parking is available, accommodating 20 vehicles, with designated spaces for both retail customers and office tenants. The building enjoys a highly visible location in a bustling area, easily accessible via major highways and public transportation. The surrounding neighborhood is characterized by high foot traffic and a mix of residential, commercial, and recreational establishments, ensuring consistent visibility and a steady flow of potential customers. Current multi-tenant occupancy generates rental income from both office and retail spaces. The strong demand for retail and office properties in this desirable area suggests significant potential for long-term capital appreciation. This property represents a compelling investment for those seeking a diversified portfolio or a prime location with established rental income.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $335,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $365,000
- 6.5%
- $420,000
- 7%
- $415,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $395,000
- Geo Method
- $380,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $375,000
- Retail
- $390,000
- Mixed-Use
- $385,000
- Hospitality
- $365,000
- Educational
- $320,000
- Residential Income
- $360,000
- Energy
- $355,000
- Income-Based Land
- $345,000
- Food Service
- $365,000
Location Insight
- Map
- Local Demand
- City
- Covina
- County
- Los Angeles
- State
- California
- Longitude
- -117.891
- Latitude
- 34.0986
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
