248 E Rowland St Covina, CA 91723

Property Details for 248 E Rowland St

Year built

1963

Construction

TILT-UP CONCRETE

Lot size

0.27 lot acres

Property size

5,400 SF

Zone code

CVC3YY

Property type

Office buildings

APN

8451-003-020

APU

8451003020

Description

This exceptional 5,400 square foot office building presents a compelling investment opportunity in the thriving city of Covina, California. Situated on a 0.27-acre lot at 248 Rowland Street, this property enjoys a highly visible location on a busy thoroughfare. The building is currently divided into two separate units, each equipped with its own utilities and restrooms. Both units are fully leased to long-term tenants, providing immediate and consistent cash flow. The property includes 14 dedicated parking spaces, a significant advantage in this area. Rowland Street is experiencing a surge in development activity, with notable high-end retail and restaurant projects underway nearby. This positive trend underscores the property's strategic location within a dynamic and expanding market, making it an attractive asset for both investors seeking redevelopment potential and owner-users looking for a well-established presence in a growing commercial corridor. The strong tenant occupancy and the area's revitalization efforts combine to create a promising investment with significant upside potential. This is a rare opportunity to acquire a well-positioned, income-producing property in a rapidly developing area of Covina.

Location Insight

City

Covina

County

Los Angeles

State

California

Longitude

-117.887

Latitude

34.0786

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments