1530 W West Covina
West Covina, California CA91790

Property Description

Property TypeCommercial Sale
Property Sub TypeRetail
SqFt 37,500
Year Built1962
CountyLos Angeles
Price/SqFt$554.45
StatusActive
Great investment property! A Single Tenant NNN Lease 24 Hour Fitness located in West Covina, in Los Angeles County. The property consists of a 2 Story approximate 37,500 sq.ft. Gym on a 1.56 AC, included in the sale is the adjacent three-level Parking Structure with 240-space. The subject property was built in 1962 & renovated in 2001. The Tenant has taken on major improvements to the site, including newly renovated locker rooms, pool area, and a new roof installed at the sole cost of the Tenant. It located right across West Covina City Hall & about 0.5 miles away from the Porto's Bakery & Sunset Parkway Shopping Mall, very convenient and high traffic counts.
Listing IDAR22090038
Price$20,792,000

Primary Features

County Los Angeles
Price/SqFt 554.45
Property Sub Type Retail
Property Type Commercial Sale
Year Built 1962

Interior

Building Area Units Square Feet
Condo Area Units Square Feet
Laundry Features None

External

Lot Size Source Assessor
Minimum Total Area Units Square Feet
Number Of Buildings 2
Water Source Public

Location

Country US
MLS Area Major 699 - Not Defined

Additional

Additional Parcels no
Building Status Existing
Land Use Retail
List Agent State License 01973653
List Office State License 01522426
Max Total Area Units Square Feet
Parcel Number 8474002016

Financial

Accounting Type Actual
Cap Rate 5
Net Operating Income 1039500
Special Listing Conditions Standard

Zoning Info

Home Valuation

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Listed by: Katherine Quach, DRE #01973653 from Treeline Realty & Investment 626-656-2889
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