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1051 N Citrus Ave
Covina, CA 91722
Retail Property For Sale
Investment Highlights
- Multi-level configuration accommodates both office and retail tenants for income diversity.
- Ground-floor retail space offers high visibility in a bustling, high-traffic area.
- Excellent accessibility via major highways and public transit enhances tenant convenience.
- Upper floors provide modern office layouts with abundant natural light for a productive setting.
- 20 on-site parking spaces available, including dedicated areas for customers and tenants.
- Surrounding area includes residential, commercial, and leisure destinations that drive foot traffic.
Executive Summary
This multi-level office and retail property provides a rare investment opportunity in a high-visibility, high-traffic location. Combining modern office suites with flexible layouts and prominent ground-floor retail space, the building caters to a diverse tenant base. Current multi-tenant occupancy offers a steady income stream, while the site’s accessibility via major highways and public transportation enhances its long-term appeal for both tenants and patrons. Interiors feature high ceilings, expansive windows, and natural light, creating an efficient work environment. The property includes 20 on-site parking spaces with reserved areas for office users and retail customers. Surrounded by a vibrant mix of residential, commercial, and leisure destinations, this asset benefits from strong local demand and substantial foot traffic. With potential for long-term capital appreciation and Seller May Carry financing, this offering represents an attractive addition to any investment portfolio.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,814 SF
Building Class
C
Year Built
1972
Price
$2,064,551 CAD
Price Per SF
$428.86 CAD
Cap Rate
5%
NOI
$103,228 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.32
Lot Size
0.35 AC
Zoning
C4, CV - Commercial
Parking
20 Spaces (4.15 Spaces per 1,000 SF Leased)
Frontage
99’ on N Citrus Ave
Amenities
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Air Conditioning
- Smoke Detector
Property Taxes
| Parcel Number | 8421-026-024 | Improvements Assessment | $272,146 CAD |
| Land Assessment | $406,195 CAD | Total Assessment | $678,341 CAD |
Property Taxes
Parcel Number
8421-026-024
Land Assessment
$406,195 CAD
Improvements Assessment
$272,146 CAD
Total Assessment
$678,341 CAD
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