537 Glendora AveWest Covina, CA 91790

Property Details for 537 Glendora Ave

Year built

1960

Construction

TILT-UP CONCRETE

Lot size

0.47 AC

Property size (Sq ft)

15,442 SF

Zone code

WCNC*

Property type

Retail properties

APN

8475-007-020

APU

8475007020

Description

This exceptional West Covina property, located at 537 S Glendora Ave, 91790, offers a versatile 15,422 square foot building situated on a 20,439 square foot lot. Built in 1960 and renovated in 1998, this single-tenant property boasts a flexible zoning designation (WCNC) allowing for a variety of uses, including retail, medical, hospitality, and more, under the city's flexible zoning code. The building features approximately 15,422 square feet of industrial space, including a second-story mezzanine, high ceilings, and HVAC throughout. Convenient access is provided by one grade-level loading dock. Ample parking is available with eight spaces on-site. The property benefits from a high-traffic location, just one block south of Plaza West Covina, The Lakes Entertainment Center, and the 10 freeway, experiencing significant daily vehicle traffic from surrounding major roadways. This prime location offers exceptional visibility and accessibility. The property's diverse zoning and functional layout make it an ideal investment opportunity for a wide range of businesses. The APN is 8475-007-020. This is a rare opportunity to acquire a well-maintained, versatile industrial property in a thriving West Covina location.

• CAP approach

  CAP return

  Valuation

  6%

  $6,082,595

  6.5%

  $5,614,703

  7%

  $5,213,653

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,369,044

  Geo Method

  $7,399,856

• Alternative Use

  Use

  Valuation

  Residential

  $4,736,212

  Hospitality

  $4,338,345

  Educational

  $3,609,452

  Medical

  $3,733,587

  Retail

  $5,614,703

Location Insight

City

West Covina

County

Los Angeles

State

California

Latitude

34.0655

Longitude

-117.928

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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