1051 Citrus Ave Covina, CA 91722-2760
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CVC4* · Covina, CACovina. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.