Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1051 N Citrus Ave Covina, CA 91722
    Back to Search
    Property profile & analytics

    1051 N Citrus Ave Covina, CA 91722

    View on Map
    • Investment properties
    • 4,094 SF
    • 0.35 lot acres
    For Sale
    $1,485,000
    View Listing →
    Versatile Office & Retail Building For Sale
    $1,485,000
    4,814 SF

    Versatile Office & Retail Building

    High-traffic Covina building with office and retail spaces for sale.

    1051 N Citrus Avenue, Covina, CA 91722
    View Listing
    Property ID
    US09-7509816
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Tres Novu Hair Salon / Hair Salon
    • FemDocs, LLC / Law Firm
    • Stunning by Ivy / Nail Salon
    • SoCal Sportscars / Auto Repair Shop / Vehicle Inspection Center
    • UltiPrints / Production Facility / (Bike/Boat/Book/etc) Store

    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 Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    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

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $6,982
    $289,658
    $194,068
    $483,726
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,420 SF

      16332 San Bernardino Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,420 SF
      16332 San Bernardino Rd, Covina, CA 91722-3946
      View Details
    • Value Estimation
      $5,630,000
      24,155 SF

      1045 Azusa Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 24,155 SF
      1045 Azusa Ave, Covina, CA 91722-2648
      View Details
    • Value Estimation by Request
      1,174 SF

      1241 San Bernardino Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,174 SF
      1241 San Bernardino Rd, Covina, CA 91722-3509
      View Details
    • Value Estimation
      $1,950,000
      11,152 SF

      17026 Cypress St

      STORE/OFFICE (MIXED USE) • 11,152 SF
      17026 Cypress St, Covina, CA 91722-3100
      View Details
    • Value Estimation
      $835,000
      6,000 SF

      536 Arrow Hwy

      STORE/OFFICE (MIXED USE) • 6,000 SF
      536 Arrow Hwy, Covina, CA 91722-1401
      View Details
    • Value Estimation
      $2,665,000
      5,514 SF

      4550 Lark Ellen Ave

      STORE/OFFICE (MIXED USE) • 5,514 SF
      4550 Lark Ellen Ave, Covina, CA 91722-3147
      View Details

    Similar Nearby for Sale

    • New
      $1,485,000
      4,814 SF

      Versatile Office & Retail Building

      High-traffic Covina building with office and retail spaces for sale.
      1051 N Citrus Ave, Covina, CA 91722
      View Details
    • Contact for pricing
      9,900 SF

      Covina Freestanding Cold Storage Building

      9,900 SF Covina building suitable for cold storage/food processing.
      783 W Front St, Covina, CA 91722
      View Details
    • $3,200,000
      15,112 SF

      Covina Commercial Building For Sale

      Large building with parking on a busy street near 10 Freeway.
      945 N Azusa Ave, Covina, CA 91722
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Unit in Starlite Plaza

      First floor retail unit available in a busy Covina plaza.
      1011 N Azusa Ave, Covina, CA 91722
      View Details
    • Contact for pricing

      Distribution/Manufacturing Building with Large Yard

      Freestanding building with fenced yard and multiple loading positions.
      1449 W Industrial Park St, Covina, CA 91722
      View Details
    • $1.59 SF/Yr

      Industrial Space in Covina Business Park

      Well-maintained industrial space for lease in Covina, California.
      1522 West Industrial Park St, Covina, CA 91722
      View Details
    • $1.59 SF/Yr

      Well-Maintained Covina Business Park

      Commercial space for rent in a well-maintained business park.
      1524 Industrial Park St, Covina, CA 91722
      View Details
    • $2,670 /Mo

      Retail Space in Covina Center

      1,500 SF retail space in a high-traffic strip center.
      128 E Arrow Hwy, Covina, CA 91722
      View Details
    • Contact for pricing

      Fully Leased Office Building

      Office building in Covina, CA, currently 100% leased.
      668 Arrow Grand Cir, Covina, CA 91722
      View Details
    View Listing
    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.
    1051 N Citrus Ave
    Covina, CA 91722
    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
    1051 N Citrus Ave, Covina, CA, 91722
    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!