1161 Park Vw Dr Covina, CA 91724-3751
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.
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Michael Paz Mortgage Loan Service Bank
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Butler Enterprises Tax Preparation
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
CVE5&PCD* · 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.