301 Glendora AveWest Covina, CA 91790

Property Details for 301 Glendora Ave

Year built

2016

Construction

WOOD

Lot size

6.38 AC

Property size (Sq ft)

546,676 SF

Zone code

WCCR*

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

8474-010-016

APU

8474010016

Description

This exceptional Class A retail center, built in 2015, offers 546,676 square feet on a 6.38-acre lot in West Covina's thriving downtown. The single, four-story building boasts 844 parking spaces and is strategically located off the 10 freeway, providing easy access and high visibility. Currently, two retail spaces are available, ranging from 1,802 to 2,318 square feet, perfect for restaurants, dessert shops, salons, or convenience stores. The property benefits from strong neighboring tenants, including Paris Baguette, Mochi Nut, Phenix Salon, Edwards Cinemas, Gen Korean BBQ, Bob Furniture, and Portos, as well as proximity to the West Covina Mall. This first-generation space is situated within a dynamic area experiencing significant city-funded improvements. The location is further enhanced by its proximity to a 450-unit apartment complex with approximately 95% occupancy, ensuring a robust customer base. Attractive tenant improvement allowances and concessions are available to qualified tenants. The property is zoned WCCR (West Covina Commercial Retail). The APN is 8474-010-016. This presents a unique opportunity to establish a thriving business in a high-growth area with substantial support from the landlord.

• CAP approach

  CAP return

  Valuation

  6%

  $146,486,640

  6.5%

  $135,218,448

  7%

  $125,559,984

• Comparable approach

  Method

  Valuation

  Relative Method

  $103,523,064

  Geo Method

  $103,955,912

• Alternative Use

  Use

  Valuation

  Residential

  $167,670,864

  Hospitality

  $153,585,616

  Educational

  $127,781,424

  Medical

  $132,176,024

  Retail

  $198,771,104

Location Insight

City

West Covina

County

Los Angeles

State

California

Latitude

34.0692

Longitude

-117.925

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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