Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1481 Hollenbeck Ave Covina, CA 91722-1508
    Back to Search
    Property profile & analytics

    1481 Hollenbeck Ave, Covina, CA 91722-1508

    View on Map
    • Retail space
    • 4,500 SF
    • 0.45 lot acres
    Off-Market
    Property ID
    US09-6279115
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $935,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Volume Shoe Corporation / Clothing & Fashion Store / (Bike/Boat/Book/etc) Store
    • 7-Eleven / Grocery & Convenience Store

    Property Details for 1481 Hollenbeck Ave

    Year built
    1977
    Construction
    TILT-UP CONCRETE
    Lot size
    0.45 lot acres
    Zone code
    CVC2*
    Property type
    Retail space
    APN
    8408-020-015
    APU
    8408020015

    Description

    This exceptional Covina retail center, situated at 1481 N Hollenbeck Ave (Hollenbeck Ave & Arrow Highway), Los Angeles County, CA 91722, offers a prime opportunity for businesses seeking a versatile space. The single-story, 4,500 square foot building underwent a complete renovation in 2023, boasting a Class B rating. Currently, 1,800 square feet of space is available for lease, divisible into units as small as 900 square feet, with a maximum contiguous space of 1,800 square feet. The property features a total of two suites, making it ideal for a variety of uses including traditional, executive, medical, creative office spaces, or coworking environments. Ample parking is provided with 23 spaces. The center benefits from a high-traffic location, anchored by a 7-Eleven, and offers excellent frontage on a major thoroughfare. The property is zoned for retail, office, and restaurant uses, providing flexibility for potential tenants. The available space is suitable for in-line and endcap configurations, and boasts 400 AMP power. This is a rare opportunity to secure a well-maintained, recently renovated space in a thriving Covina location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,288,000
      Market price range: $683k - $1.29M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,035,000
      Current use
      OFFICE BUILDING
      $1,405,000
      Change: +36% Conversion: Easy
      COMMERCIAL (GENERAL)
      $1,390,000
      Change: +35% Conversion: Easy
      WAREHOUSE, STORAGE
      $1,320,000
      Change: +28% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Covina
    County
    Los Angeles
    State
    California
    Longitude
    -117.899
    Latitude
    34.1064
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $18,563
    $853,042
    $623,377
    $1,476,419
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,130,000
      16,740 SF

      975 San Bernardino Rd

      RETAIL STORES (PERSONAL SERVICES)
      975 San Bernardino Rd, Covina, CA 91722-4104
      View Details
    • Value Estimation
      $2,390,000
      7,540 SF

      530 Azusa Ave

      RETAIL STORES (PERSONAL SERVICES)
      530 Azusa Ave, Covina, CA 91722
      View Details
    • Value Estimation by Request
      2,668 SF

      19034 Arrow Hwy

      RETAIL STORES (PERSONAL SERVICES)
      19034 Arrow Hwy, Covina, CA 91722-2111
      View Details
    • Value Estimation
      $970,000
      3,050 SF

      1540 San Bernardino Rd

      RETAIL STORES (PERSONAL SERVICES)
      1540 San Bernardino Rd, Covina, CA 91722-3408
      View Details
    • Value Estimation
      $3,390,000
      18,990 SF

      1166 Azusa Ave

      RETAIL STORES (PERSONAL SERVICES)
      1166 Azusa Ave, Covina, CA 91722-1245
      View Details
    • Value Estimation
      $620,000
      3,812 SF

      700 Arrow Hwy

      RETAIL STORES (PERSONAL SERVICES)
      700 Arrow Hwy, Covina, CA 91722-1312
      View Details

    Similar Nearby for Sale

    • $1,485,000
      4,814 SF

      Versatile Office & Retail Building

      High-traffic Covina building with office and retail spaces for sale.
      1051 N Citrus Ave, Covina, CA 91722
      View Details
    • $3,200,000
      15,112 SF

      Covina Commercial Building For Sale

      Large building on busy street near freeways and amenities.
      945 N Azusa Ave, Covina, CA 91722
      View Details
    • Contact for pricing
      1,965 SF

      Covina Commercial Property For Sale

      Commercial property in Covina, ideal for office or retail.
      17030 St Unit F, Covina, CA 91722
      View Details
    • Contact for pricing

      Remodeled Freestanding Building on San Bernardino

      Remodeled commercial building suitable for retail, restaurant, office, or medical.
      578 E San Bernardino Rd, Covina, CA 91722
      View Details

    Similar Nearby for Lease

    • $2,670 /Mo

      Retail Space in Covina Center

      1,500 SF retail space in a high-traffic strip center.
      128 E Arrow Hwy, Covina, CA 91722
      View Details
    • Contact for pricing

      Retail Unit in Starlite Plaza

      First floor retail unit available in a busy Covina plaza.
      1011 N Azusa Ave, Covina, CA 91722
      View Details
    • Contact for pricing

      Covina Commercial Property For Rent

      Commercial property in Covina with high visibility and traffic.
      17030 E Cypress St, Covina, CA 91722
      View Details
    • Contact for pricing
      131,727 SF

      Industrial Building with Secured Yard

      142,798 SF industrial building on 6.95 acres available for rent.
      222 North Vincent Ave, Covina, CA 91722
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1481 Hollenbeck Ave
    Covina, CA 91722-1508
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1481 Hollenbeck Ave, Covina, CA, 91722
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!