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Property profile & analytics
OFF-MARKET Estimated value $775,000
Retail space

1463 Hollenbeck Ave Covina, CA 91722-1543

3,025 SF 0.27 ac lot Built 1960
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US09-8766779
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1960
Construction WOOD
Total area 3,025 SF
Lot 0.27 ac (11,900 SF)
Zoning code CVC2YY
APN 8408-020-018
UPID US09-8766779
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
  • Tanitu BA Nails Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$775k
CAP Approach CAP
$1.03M
Comparable Approach Comparable
$522k
Blend (final) Blend
$775k
Owner & transaction history
Pope Kyrillos Plaza LLC · 1 yrs held
Pope Kyrillos Plaza LLC
since 2025
Last sale
$790,000
7 recorded transactions
2025
Price N/A
2025
Price N/A
2025
$790,000
2015
Price N/A
2014
Price N/A
2014
Price N/A
2000
Price N/A
Zoning & alternative use
CVC2YY · Covina, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $945,000 +36.1%
Commercial (general) $935,000 +34.6%
Warehouse, storage $890,000 +28.0%
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