970 Village Oaks DrCovina, CA 91724

Property Details for 970 Village Oaks Dr

Year built

1981

Construction

WOOD

Lot size

1.39 AC

Property size (Sq ft)

19,538 SF

Zone code

CVA1PCD*

Property type

Office properties

Property subtype

Office buildings

APN

8447-031-050

APU

8447031050

Description

This exceptional Covina, CA office property, located at 970 S Village Oaks Dr, 91724, offers a diverse range of spaces ideal for various business needs. The two-story, Class B building, constructed in 1980, encompasses 11,453 square feet and features nine individual suites, currently all vacant, with sizes ranging from a minimum of 200 square feet to a maximum contiguous space of 3,763 square feet. The property boasts ample parking with 50 spaces and convenient elevator access. Tenancy is multiple, allowing for flexibility in leasing arrangements. Enjoy stunning views of the nearby foothills or park from many of the available suites. Shared amenities include a common kitchen, conference room, and restrooms. The property is well-suited for a variety of uses, including medical, executive, and traditional office spaces, and is particularly well-suited for businesses such as real estate, insurance, executive services, administrative offices, hospice, or home healthcare services. Operating costs are $0.82 per square foot, inclusive of all utilities except phone and internet. Smaller suites are available starting at $500 per month, with internet included. This prime location provides easy access to local amenities and transportation. A virtual tour is available online.

• CAP approach

  CAP return

  Valuation

  6%

  $5,449,840

  6.5%

  $5,030,621

  7%

  $4,671,291

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,728,208

  Geo Method

  $3,715,346

• Alternative Use

  Use

  Valuation

  Residential

  $6,237,970

  Hospitality

  $5,713,947

  Educational

  $4,753,937

  Medical

  $4,917,432

  Retail

  $7,395,013

Location Insight

City

Covina

County

Los Angeles

State

California

Latitude

34.0718

Longitude

-117.862

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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