20628 E Arrow Hwy, Covina, California 91724
  • $2,500,000
  • $2,300,000

Overview

Property ID: TR22037959
  • Retail, Commercial Sale
  • Property Type
  • 12222 Sqft
  • Area Size
  • 1980
  • Year Built

Description

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 restrooms Parking spaces: 48 + 2 handicap

  • Address: 20628 E Arrow hwy
  • City: Covina
  • State/county: CA
  • Zip/Postal Code: 91724
  • Country: US

Details

Updated on July 22, 2025 at 10:28 pm
  • Property ID TR22037959
  • Price $2,500,000
  • Property Size 12222 Sqft
  • Land Area 0.7488 Acres
  • Year Built 1980
  • Property Type Retail, Commercial Sale
  • Property Status Closed

Additional details

  • County Los Angeles
  • Property Type Commercial Sale

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