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Property profile & analytics
OFF-MARKET Estimated value $935,000
Retail space

1481 Hollenbeck Ave Covina, CA 91722-1508

4,500 SF 0.45 ac lot Built 1977
Entity Owned 7-yr Hold Absentee Owner Free & Clear
Property ID
US09-6279115
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1977
Construction TILT-UP CONCRETE
Total area 4,500 SF
Lot 0.45 ac (19,455 SF)
Zoning code CVC2*
APN 8408-020-015
UPID US09-6279115
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
  • Volume Shoe Corporation Clothing & Fashion Store (Bike/Boat/Book/etc) Store
  • 7-Eleven Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.29M
Blend (final) Blend
$935k
Owner & transaction history
Hollenbeck Arrow Hwy LLC · 7 yrs held
Hollenbeck Arrow Hwy LLC
since 2019
2 recorded transactions
2019
$1.4M
2010
Price N/A
Zoning & alternative use
CVC2* · Covina, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $1.4M +36.1%
Commercial (general) $1.4M +34.6%
Warehouse, storage $1.3M +28.0%
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