1347 Azusa AveWest Covina, CA 91791

Property Details for 1347 Azusa Ave

Year built

1992

Construction

TILT-UP CONCRETE

Lot size

0.13 AC

Property size (Sq ft)

7,540 SF

Zone code

WCCN*

Property type

Retail properties

Property subtype

Retail space

APN

8490-022-034

APU

8490022034

Description

This 850-square-foot retail space, located at 1347 S Azusa Ave in West Covina, CA 91791, presents a fantastic opportunity for a restaurant operator. The property is situated in a high-traffic intersection within Los Angeles County, benefiting from excellent visibility and accessibility. The entire space is currently vacant, offering a blank canvas for a new establishment. Strong co-tenancy is provided by established businesses such as 7-Eleven and El Bucanas Restaurant, ensuring a steady flow of potential customers. The location is surrounded by a diverse mix of residential areas, schools, and other national and regional businesses, creating a robust and well-established customer base. This makes it an ideal location for a restaurant seeking high foot traffic and a thriving community. The property's 850 square feet offers ample space for a variety of restaurant concepts. This is a multiple-tenancy property, offering potential for future expansion or collaboration. The property is ready for immediate occupancy. This prime location in West Covina offers significant potential for growth and success.

• CAP approach

  CAP return

  Valuation

  6%

  $2,970,002

  6.5%

  $2,741,540

  7%

  $2,545,716

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,598,148

  Geo Method

  $3,613,192

• Alternative Use

  Use

  Valuation

  Residential

  $2,312,592

  Hospitality

  $2,118,322

  Educational

  $1,762,419

  Medical

  $1,823,031

  Retail

  $2,741,540

Location Insight

City

West Covina

County

Los Angeles

State

California

Latitude

34.0506

Longitude

-117.908

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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