Property profile & analytics
1131 Glendora Ave West Covina, CA 91790-4955
- Retail space
- 10,050 SF
- 0.49 lot acres
OFF-MARKET
Value Estimations
$2,870,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US09-9210650
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.
Current Use by Public Records
- Melody Hui, PharmD / Pharmacy
- Dollar Tree / Discount Store
- Michael Du / Pharmacy
- HR Gate Repair & Electric Gate Service / General Contractor / Construction Company
- Amazon Locker - Amanecer / Courier Service / Postal Service
Property Details for 1131 Glendora Ave
- Year built
- 2008
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.49 lot acres
- Property size
- 10,050 SF
- Zone code
- WCNC*
- Property type
- Retail space
- APN
- 8469-020-018
- APU
- 8469020018
Description
Exceptional investment opportunity: a single-tenant, net-leased retail property located at 1131 S Glendora Ave, West Covina, CA 91790. This 13,170 square foot building, built in 2008, sits on a 0.49-acre lot and is currently 100% occupied by Dollar Tree under a sublease from Walgreens. The property boasts a strong financial profile, with a $6,000,000 asking price, a 7.25% cap rate, and a NOI of $435,000. The lease, originally signed on December 29, 2007, has a remaining term of 8.1 years, extending to December 31, 2032, and includes ten 5-year renewal options. The lease is backed by a corporate guarantee from Walgreens, providing significant financial security. The property's prime location on a hard signalized corner in Los Angeles County ensures high visibility and traffic flow. Zoned WCNC*, this property offers a compelling combination of strong tenant occupancy, a long-term lease, and a desirable location in a thriving Southern California market. The price per square foot is $455.58, and the land value is $279.68 per square foot. This is a rare opportunity to acquire a stable, income-generating asset with substantial upside potential.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $4,235,000
- 6.5%
- $3,910,000
- 7%
- $3,630,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,912,000
Market price range: $474k - $1.91M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $3,475,000 Current use
- AUTO REPAIR, GARAGE
- $4,650,000 Change: +34% Conversion: Difficult
- MEDICAL BUILDING
- $4,570,000 Change: +32% Conversion: Difficult
- WAREHOUSE, STORAGE
- $3,860,000 Change: +11% Conversion: Difficult
- OFFICE BUILDING
- $3,505,000 Change: +1% Conversion: Easy
- COMMERCIAL (GENERAL)
- $3,105,000 Change: -11% Conversion: Easy
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- West Covina
- County
- Los Angeles
- State
- California
- Longitude
- -117.938
- Latitude
- 34.056
- 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
$37,613
$1,961,260
$1,041,795
$3,003,055
-
$0.00
$0.00
$0.00
