1463 Hollenbeck Ave Covina, CA 91722
- Retail space
- 3,025 SF
- 0.27 lot acres
Current Use by Public Records
- Tanitu BA Nails / Nail Salon
Property Details for 1463 Hollenbeck Ave
- Year built
- 1960
- Construction
- WOOD
- Lot size
- 0.27 lot acres
- Property size
- 3,025 SF
- Zone code
- CVC2YY
- Property type
- Retail space
- APN
- 8408-020-018
- APU
- 8408020018
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $750,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $770,000
- 6.5%
- $780,000
- 7%
- $835,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $790,000
- Geo Method
- $790,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $865,000
- Retail
- $900,000
- Mixed-Use
- $760,000
- Hospitality
- $675,000
- Educational
- $745,000
- Residential Income
- $755,000
- Energy
- $840,000
- Income-Based Land
- $805,000
- Food Service
- $715,000
Location Insight
- Map
- Local Demand
- City
- Covina
- County
- Los Angeles
- State
- California
- Longitude
- -117.899
- Latitude
- 34.1061
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
