970 S Village Oaks Drive
Covina, CA, 91724 $ 4,800,000
Baths0.0 Sq 19,538 Monthly Estimate*
$ 31,902
Listed by RE/MAX TOP PRODUCERS
Studio
for $4,800,000. This 19,538 square foot building was built in 1981 on a lot size of 1.3938.
For Sale: Premier 2-Story Commercial Office Building at 970 S Village Oaks Dr, Covina, CA 91724 Nestled in the vibrant heart of Covina, California, this distinguished 2-story commercial office building presents a unique opportunity for both savvy investors and businesses looking for owner-use space. Ideally situated at 970 S Village Oaks Drive, this property boasts a strategic location, exceptional amenities, and versatile use options, making it a standout offering in the market. Key Features: Medical/Dental Use Permitted: Operate within the thriving medical and dental sectors with ease, thanks to compliance with approved city guidelines for medical and dental use. This feature opens the door to a wide range of professional services and practices seeking a prime location. Owner Use or Investment Opportunity: Whether you're looking to establish your own business premises or diversify your investment portfolio, this property offers the flexibility to accommodate your needs. With a 5% cap rate and a history of low vacancy, investors can look forward to a steady income stream, while owner-users will find ample space for their operations. Ample Parking: The property includes a generous allocation of 70 parking spaces, ensuring easy access for employees, clients, and visitors alike. This significant amenity enhances the property's appeal and functionality. Prime Location and Accessibility: Located in close proximity to the 10 freeway, this property offers excellent visibility and convenient access for both local and visiting clientele. The close proximity to a nature park further enriches the location, providing a serene backdrop and recreational options for employees and visitors. Recently Upgraded: The building features new stucco and renovated offices, presenting a modern and professional aesthetic. These recent upgrades contribute to the property's turnkey appeal, requiring minimal additional investment prior to occupation. Opportunity Awaits: 970 S Village Oaks Drive represents a rare blend of location, versatility, and potential. Whether you're aiming to expand your investment portfolio or establish a base for your business, this property offers a foundation for success. Don't miss out on the chance to own a piece of Covina's commercial landscape. Contact us today to schedule a tour and take the first step towards your next venture.
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FeaturesGeneralZoning CVA1PCD*
Year Built 1981
Property SubType Office
Business Type Accounting AdministrativeandSupport Commercial Dental Employment Financial Medical MultiTenant RealEstate
County Los Angeles
Net Operating Income 255000.0
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions Corner of Village Oaks and Holt
City Covina
View Y/N N
Senior Community Y/N N
Total Units 22
MLS Area 614 - Covina
Lot Size Square Feet 60713.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Number of Units Leased 18
Street Name Village Oaks
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 45
Building Area Units SquareFeet
Standard Status Active
Occupancy Type Tenant
Year Built Source Assessor
Property Sub Type Additional Office
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ExteriorLot Features Item2125UnitsAcre
Water Source Public
Lot Size Area 60713.0
Number of Buildings 1
Spa N
Building Area Total 19538.0
Lot Size Acres 1.3938
Lot Size Units SquareFeet
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorTotal Stories 2
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Street Suffix Drive
Laundry Features None
Entry Level 1
Electric On Property Y/N N
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* Excluded FeaturesList ByRe/Max Top ProducersBroker
Affordability Calculator
- Monthly Principal & Interest
- $31,902
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Covina, CA
Average List Price $2,120,893
Percent of Sale Price 56%
About Covina, CA 49,063 Population
5% Since 2002
$ 68,132 Median Income
37.47 Median Age
35% Households with Children
Trends Information provided by ATTOM Data Solutions.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
4/16/2024 | $4,800,000 | -5.88% | Price Down |
3/2/2024 | $5,100,000 | | Listed Price |