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
Request More Information - Listing ID AR22090038
© 2023. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Any correspondence from IDX pages are routed to Laguna Gallery Real Estate or one of their associates. Last updated Saturday, February 4th, 2023.
Based on information from CARETS as of Saturday, February 4th, 2023 04:02:13 AM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Based on information from CARETS as of Saturday, February 4th, 2023 04:02:13 AM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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