SOLD
$2,500,000
Date 09/28/2022

20628 E Arrow hwy
Covina, CA 91724

Retail
Commercial
12,222
Sq. Ft.
0.7488
Acre Lot
Listing Agent: Geoffery Huang - RE/MAX Galaxy; [email protected]
CRMLS Homeseekers> California> Covina> 91724
Current Rent Roll shows approximately $11,400 per month. Most tenants are month by month and extremely below market rent. Owners have own the property for over 38 years. Over the years owner form friendships with tenants; thus, they never increase their rent year over year but most tenants with way below market rent is month by month. Some tenants have been occupying for close to 20 years now. Pro forma rent is about $16k NNN. ($1.25 NNN for RETAIL UNITS and $1.25 gross for offices) Very good location and condition. The building was built in 1980, Lot size: 33,106 sq ft and Building Size: 12,222 sq ft. Total 15 units – 7 retail store with individual restrooms 8 office, share 2 men and 2 women restroomsParking spaces: 48 + 2 handicap
TR22037959
Commercial - Retail, Other
1980
Los Angeles
0.7488 Acres
Public
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

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Listing Agent: Geoffery Huang - RE/MAX Galaxy; [email protected]
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