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657-669 Glendora Ave 8,820 SF 100% Leased Retail Building La Puente, CA 91744 $4,485,866 CAD ($508.60 CAD/SF)
Executive Summary
Prime location in a highly desirable area at the major street Glendora Ave., neighborhood Cities with West Covina and Hacienda Heights, close to Walmart, Smart & Final Supermarket and an Asian supermarket, Easy Fwy access to Fwy 10 and Fwy 60. This 9-units neighborhood plaza currently 100% leased with 6 tenants, include a Mexican Restaurant, skin care/facial store, massage, hair salon, nail shop and Pasta wholesales. Easy maintenance, landlord doesn't need to pay for the common areas expenses and each tenant has it's own separate electricity, gas and water meters and tenants pay their own utilities, including trash, 4% annual increase in some of units. The building size is 8820 Sf. lot size is 23360 sf. with 196 Sf. wide in frontage, including APN# 8123023003 and 002. There are a lot of parking spaces, front parking and gated side parking. There's loading area in rear, each unit has it's own rear exit door. Buyer to cooperate with seller's 1031 exchange but 1031 EXCHANGE IS NOT THE CONTINGENCY FOR SALE. Note, tenants don't aware of sale, please drive by, do not disturb occupants.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Convenience Store
Building Size
8,820 SF
Building Class
C
Year Built
1957
Price
$4,485,866 CAD
Price Per SF
$508.60 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.37
Lot Size
0.54 AC
Zoning
C2, La Puente - Commercial
Parking
26 Spaces (1.7 Spaces per 1,000 SF Leased)
Frontage
196’ on Glendora Ave
Amenities
- Bus Line
- Pylon Sign
- Signage
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 8213-023-003 | Improvements Assessment | $962,042 CAD |
| Land Assessment | $653,461 CAD | Total Assessment | $1,615,503 CAD |
Property Taxes
Parcel Number
8213-023-003
Land Assessment
$653,461 CAD
Improvements Assessment
$962,042 CAD
Total Assessment
$1,615,503 CAD
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657-669 Glendora Ave
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