1535 1551 E Amar, West Covina, CA 91792

$5,190,000

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List Price
$5,190,000
Status
ACTIVE
MLS#
CV26221354
Year Built
1974
Lot Size
84,277
Acres
1.93
Lot Location
Paved
Days on Market
0
Property Type
Commercial
Property Sub Type
Retail

Property Description

Well-located multi-tenant retail investment opportunity 1535-1551 E Amar Road is a commercial property located within West Covina's established business environment, offering convenient access to surrounding residential communities, retail centers, and regional transportation routes. Positioned along Amar Road, the property benefits from visibility and connectivity that support a variety of commercial, office, retail, or service-oriented uses. Its location within the San Gabriel Valley provides access to a large consumer base, workforce population, and nearby business activity, making it well suited for businesses seeking a presence in a mature and active commercial market. The property's accessibility and proximity to major thoroughfares further enhance its appeal for tenants, owner-users, and investors alike. The property is currently approximately 90% occupied and being offer at an approximately 6% going-in cap rate, providing investors with sable in-place income along with meaningful future upside. Current rents and expenses recoveries provide opportunities for additional income growth as leases renew and rents are adjusted toward market levels. The only vacant space is a drive-through space which provides an additional opportunity to generate rental income and further increase NOI.

Additional Information

Water
Public
Attached Structure
Detached

Listing courtesy of Listing Agent: Rachel Kim (RachelKim2307@gmail.com) from Listing Office: Elevate Real Estate Agency.

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.