536 Arrow HwyCovina, CA 91722

Property Details for 536 Arrow Hwy

Year built

1967

Construction

WOOD

Lot size

0.49 AC

Property size (Sq ft)

6,000 SF

Zone code

CVC2YY

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

8408-020-023

APU

8408020023

Description

This exceptional turnkey restaurant opportunity is located at 536 E Arrow Hwy, Covina, CA 91722, in Los Angeles County. Built in 2007, this retail space presents a thriving business with a loyal customer base. Zapopana's Cafe offers a diverse menu featuring Bionicos, Tortas, Raspados, juices, smoothies, shakes, and coffee. The cafe is known for its high-quality ingredients, fresh juices, and efficient service, consistently receiving positive customer feedback. The menu caters to a wide range of tastes, including hearty and spicy options, and also provides party platters for special events. This established business offers a unique opportunity for an owner-operator to step into a ready-made operation with an existing customer base and proven success. The asking price for this well-regarded Covina eatery is $60,000. The property's prime location ensures high visibility and accessibility, contributing to the cafe's consistent success. This is a rare chance to acquire a profitable and well-established restaurant in a desirable area. The sale includes all necessary equipment and fixtures for immediate operation. This is an excellent investment opportunity for a savvy entrepreneur seeking a proven business model in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $1,993,614

  6.5%

  $1,840,259

  7%

  $1,708,812

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,761,124

  Geo Method

  $1,768,488

• Alternative Use

  Use

  Valuation

  Residential

  $1,840,259

  Hospitality

  $1,685,667

  Educational

  $1,402,455

  Medical

  $1,450,688

  Retail

  $2,181,597

Location Insight

City

Covina

County

Los Angeles

State

California

Latitude

34.1063

Longitude

-117.9

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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