1463 Hollenbeck Ave Covina, CA 91722-1543
This exceptional mixed-use property, situated at 1463 Hollenbeck Avenue in Covina, California, presents a lucrative investment opportunity. Spanning 3,025 square feet on a 0.27-acre lot, this property comprises three separate units, each offering versatility and income potential. Currently, all three units are tenant-occupied, generating immediate rental income. Each unit boasts its own private restroom and a convenient rear entrance, enhancing tenant privacy and convenience. The property features a recently resurfaced parking lot with fresh paint, providing ample parking for tenants, both front and rear. Individual utility meters for each unit simplify billing and management. The surrounding neighborhood has undergone significant improvements, including resurfaced streets, upgraded lighting, and new landscaping, enhancing curb appeal and property value. The property also includes valuable signage space, ideal for marketing the businesses operating within the units. This turnkey investment is ready for immediate income generation, offering the potential to retain one or two units for personal use while leasing the remaining space. The property's location in Covina, combined with its updated features and strong tenant occupancy, makes it an attractive proposition for discerning investors seeking a high-return, low-maintenance investment. Please refrain from disturbing the current tenants.
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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
CVC2YY · 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.