241 Citrus Ave Covina, CA 91723-2624
Property profile & analytics
241 Citrus Ave Covina, CA 91723-2624
- Auto shops
- 4,660 SF
- 0.39 lot acres
Property ID
US09-9406992
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.
Location Intelligence
Current Use by Public Records
- Budget Truck Rental / Car Rental Facility
Property Details for 241 Citrus Ave
- Year built
- 1971
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.39 lot acres
- Property size
- 4,660 SF
- Zone code
- CVTCC*
- Property type
- Auto shops
- APN
- 8444-008-032
- APU
- 8444008032
Description
This exceptional Covina, CA retail storefront presents a compelling investment opportunity. Located at 241 S Citrus Ave, this 4,500 square foot, Class B building sits on a 0.48-acre lot and boasts 18 parking spaces. A recently signed 10-year net lease with a national tenant ensures a stable income stream, with a 5.00% cap rate and a $125,000 annual net operating income (NOI). The property underwent renovations in 2023, and the lease includes rent bumps and options. The tenant is currently undertaking significant interior improvements, further enhancing the property's value. This single-tenant, 100% occupied property is zoned CVTCC* and offers an excellent 1031 exchange opportunity. The lease commenced August 1st, 2024, and the tenant's occupancy began February 1st, 2024. The tenant's presence on three adjacent parcels underscores their long-term commitment to the location. The asking price is $2,500,000. Showings are by appointment only
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $515,000
- ML approach
- $535,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $604,000
Market price range: $268k - $964k
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Covina
- County
- Los Angeles
- State
- California
- Longitude
- -117.89
- Latitude
- 34.0842
- 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
$15,241
$990,301
$206,391
$1,196,692
-
$0.00
$0.00
$0.00
