1373 Center Court DrCovina, CA 91724

Property Details for 1373 Center Court Dr

Year built

1979

Construction

WOOD

Lot size

0.73 AC

Property size (Sq ft)

31,000 SF

Zone code

CVAIPCD*

Property type

Office buildings

APN

8447-031-047

APU

8447031047

Description

This exceptional two-story office building, located at 1373 Center Court Drive in Covina, California, 91724, offers a total of 32,000 square feet of versatile space. The property, built in 1979, is classified as Class B and features a traditional office design suitable for a variety of uses, including medical offices. The building sits on a substantial 72,934 square foot lot, zoned CP, and is identified by APN numbers 8447-021-072 and 8447-031-047. Currently, there is multiple tenancy, with space available ranging from 6,000 to 32,000 square feet, providing flexibility for businesses of various sizes. The building includes elevators for convenient access to both floors. Its location in Covina offers excellent accessibility and visibility, making it an ideal location for businesses seeking a well-established presence in a thriving community. This property presents a unique opportunity to acquire a substantial office building with significant potential for growth and adaptation to diverse business needs. Interested parties should inquire about available space and lease terms.

• CAP approach

  CAP return

  Valuation

  6%

  $9,703,050

  6.5%

  $8,956,660

  7%

  $8,316,900

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,904,130

  Geo Method

  $5,894,960

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $17,279,000

  Retail / Commercial

  $8,929,990

  Mixed-Use / Specialty

  $8,952,860

  Hospitality / Lodging

  $6,639,660

  Institutional / Educational

  $9,326,920

  Residential Income

  $10,912,500

  Multifamily

  $12,784,600

  Automotive / Energy

  $7,994,510

  Parking / Income-Based Land

  $2,704,750

  Restaurant / Food Service

  $4,773,220

  Healthcare / Senior Housing

  $9,124,890

Location Insight

City

Covina

County

Los Angeles

State

California

Latitude

34.0722

Longitude

-117.862

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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