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Property profile & analytics
OFF-MARKET Estimated value $1,845,000
Office buildings

1161 Park Vw Dr Covina, CA 91724-3751

14,466 SF 0.73 ac lot Built 1983
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-9967225
Property summary
AI-generated overview

This exceptional 14,112 square foot, two-story medical office building in Covina, California, presents a unique investment opportunity. Located in the Village Oaks Office Park, this Class C property boasts a prime location directly off Interstate 10, offering excellent freeway access, high visibility, and convenient proximity to local amenities. Completely renovated in 2023, the building features two contiguous suites: a first-floor suite of approximately 5,009 square feet and a second-floor suite of approximately 7,333 square feet. Currently housing two tenants, the property offers the potential for lease-up or owner-occupancy. Significant recent improvements, totaling nearly $1 million, include renovated lobbies and restrooms, enhanced building security, exterior finishing and paint, and new landscaping. A newly finalized long-term lease with Dish Wireless for rooftop antennas will generate an additional $36,000 in annual income. The property sits on a 0.73-acre lot and offers ample surface parking (4 spaces per 1,000 square feet). The permitted zoning is CVE5 & PCD. Built in 1983, this building represents a rare opportunity for a high-quality office investment in the heart of the San Gabriel Valley. The asking price is $5,500,000. APN: 8448-019-050.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1983
Construction WOOD
Total area 14,466 SF
Lot 0.73 ac (31,964 SF)
Zoning code CVE5&PCD*
APN 8448-019-050
UPID US09-9967225
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Michael Paz Mortgage Loan Service Bank
  • sampe seattle 2014 Conference Center Trade Show Venue
  • Butler Enterprises Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.92M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.85M
Owner & transaction history
Sophiyla Properties LLC · 5 yrs held
Sophiyla Properties LLC
since 2021
Last sale
$1.8M
6 recorded transactions
2021
$1.8M
2019
$2.5M
2019
Price N/A
2016
$3.2M
2015
Price N/A
1969
Price N/A
Zoning & alternative use
CVE5&PCD* · Covina, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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