1051 North Citrus Avenue

Covina, CA 91722

$1,850,000
Price
Beds
4,094 Sq. Ft.
$452 / Sq. Ft.
4,094
Sq. Ft.
$452
per Sq. Ft.

Description

Prime Office & Retail Building for Sale – A Premium Investment Opportunity Located in a high-traffic area, this versatile office and retail building offers an exceptional investment opportunity for buyers seeking a dynamic and profitable property. The building spans multiple levels, providing ample space for both retail and office use. Upper floors include modern office spaces with flexible layouts, suitable for single or multi-tenant use. Each office features high ceilings, large windows, and abundant...Prime Office & Retail Building for Sale – A Premium Investment Opportunity Located in a high-traffic area, this versatile office and retail building offers an exceptional investment opportunity for buyers seeking a dynamic and profitable property. The building spans multiple levels, providing ample space for both retail and office use. Upper floors include modern office spaces with flexible layouts, suitable for single or multi-tenant use. Each office features high ceilings, large windows, and abundant natural light, fostering a productive work environment. On-site parking with 14 spaces available, including dedicated spots for both retail customers and office tenants. Situated in a bustling area with high visibility, the building is easily accessible via major highways and public transportation. The surrounding area boasts high foot traffic, a mix of residential, commercial, and leisure destinations, ensuring constant visibility and business flow. Multi-tenant rental income from both office and retail spaces. Strong demand for retail and office properties in this highly sought-after area with potential for long-term capital appreciation. Whether you’re looking to expand your portfolio, or invest in a prime location that offers both retail and office tenants, this property offers everything you need for a successful venture.
  1. Listed by Eric Eide • DRE #01207980 • Brokerage DRE #01064901 • RE/MAX MASTERS REALTY • 714-785-2557

Property Details for 1051 North Citrus Avenue

Total Units
8.0
Business Type
Barber/Beauty, Multi-Tenant, Professional Service, Professional/Office, Retail
Lot Size Source
Assessor
Building Area Total
4094
Building Area Units
Square Feet
Stories Total
2
Entry Level
1
Parcel Number
8421026024
LISTING UPDATED: 12/21/2024 01:24 AM

Property Details for 1051 North Citrus Avenue

StatusActive
MLS #CV24196170
Days on Market1
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built1927
Lot Size0.35 AC / 15,264 SF
CountyLos Angeles County

Building Information for 1051 North Citrus Avenue

Stories2Residences-Year Built1927Lot Size0.35 AC / 15,264 SF

Property Information for 1051 North Citrus Avenue

Income / Expense / Tax Details
Income Details
  • Gross Scheduled Income: $105,060
  • Net Operating Income: $63,490
  • Current Financing: None
Expense Details
  • Operating Expense: $41,570
  • Building Expenses: $1,433
  • Insurance Expense: $5,906
  • Maintenance Expense: $5,208
  • Professional Management Expense: $11,125
  • Other Expense: $1,800
  • Trash Expense: $2,426
  • Water Sewer Expense: $1,613
  • Real Estate Tax Expense: $6,988
  • Supplies Expense: $3,000
  • Total Expenses: $41,570
Community / Development
Community / Development
  • Investment Property: Yes
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Inside, See Remarks, Washer Hookup
  • Cooling: Wall/Window Unit(s)
  • Heating: Wall Furnace
Exterior Features
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Construction Materials: Frame, Stucco
  • Roof: Composition, Flat, Mansard, Tar/Gravel
  • Fence: Yes
  • Fencing: Block
Land/Lot Info
  • Sign on Property: No
  • Lot Features: Lot 10000-19999 Sqft, Level, Near Public Transit, Paved, Sprinkler System
  • Current Use: Commercial
  • Land Use: Office, Retail
  • Land Lease: No
  • Sprinklers: Yes
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Property / Structure Info
  • Building Status: Existing
  • Asset Class: Office, Specialty
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Actual Rent: $1,900
  • Unit Type Type: 1
  • Unit Type Description: Retail
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Actual Rent: $825
  • Unit Type Type: 2
  • Unit Type Description: Office
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Actual Rent: $650
  • Unit Type Type: 3
  • Unit Type Description: Office
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Actual Rent: $650
  • Unit Type Type: 4
  • Unit Type Description: Office
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Actual Rent: $500
  • Unit Type Type: 5
  • Unit Type Description: Office
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Actual Rent: $500
  • Unit Type Type: 6
  • Unit Type Description: Office
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Actual Rent: $650
  • Unit Type Type: 7
  • Unit Type Description: Office
Unit 8
  • Unit Type Units Total: 1
  • Unit Type Actual Rent: $3,080
  • Unit Type Type: 8
  • Unit Type Description: Hair Salon
Unit Information
  • Number Of Units Leased: 8
  • Number Of Buildings: 2

Property History for 1051 North Citrus Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1051 North Citrus Avenue

Taxable ValueLand$289,658Additions$194,068Total$483,726
Tax Record2024$6,982 ($582 / month)
Home Facts
Total Finished SqFt4,094 SqFtAbove Grade Finished SqFt4,094 SqFtStories1Lot Size15,264 SqFtStyleOffice BuildingYear Built1927ZoningCVC4*CountyLOS ANGELESAPN8421-026-024

Schools near 1051 North Citrus Avenue

This home is within Covina-Valley Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Cypress Elementary School
PublicK to 5

Las Palmas Middle School
Public6 to 8

Northview High School
Public9 to 12

Fairvalley High (Continuation) School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1051 North Citrus Avenue is a mixed use property for sale in Covina, CA 91722. This property was listed for sale on December 21, 2024 by RE/MAX MASTERS REALTY, it's currently listed at $1,850,000. It has been on the market for a total of 1 days and was last sold on February 6, 2002. This listing's school district is Covina-Valley Unified School District. Nearby schools include Cypress Elementary School, Las Palmas Middle School and Northview High School. 1051 North Citrus Avenue is a 0-bed, 0-bath, 4,094 sqft mixed use property built in 1927.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX MASTERS REALTY, Eric Eide, DRE #01207980

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.