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$ 5,500,000
Est. payment | /mo
1.1 Acres Lot
$ 5,500,000
Est. payment | /mo
1.1 Acres Lot
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV26223270
HOA Y/N No
Year Built 1962
Annual Tax Amount $68,750
Lot Size 1.098 Acres
Property Sub-Type Office
Property Description
Century 21 Commercial, Citrus Realty is pleased to present, The Eastland Professional Building! A rare opportunity featuring 2 freestanding office buildings with 10,392SF+- each, totaling 20784SF+-.
Located at 271 & 281 E. Workman Avenue in Covina. Situated on a huge lot of 1.1 acres (47,824)SF+- offering 71 parking spaces.
The Building is located across the street from Eastland Shopping center offering excellent exposure from the shopping center.
The property's proximity to the Eastland Shopping Center and surrounding area offers major convenience to Banks, retail, shopping and dining outlets like Target, Dick's Sporting Goods, Starbucks, IKEA, Sprouts Farmers Market, Fogo de Chao and many more.
Currently generating $31,396+- in monthly income, this income-producing multi tenant commercial property offers low vacancy and investors an opportunity to acquire an established office asset. The building is located only 0.3 of a mile from the 10 freeway between the Barranca and Citrus offramps. The location offers potential appeal to a variety of professional office users and businesses seeking a presence in this well-established market.
This is an opportunity to own a substantial commercial muti tenant office property with existing income, paid for Solar and long-term investment potential.
Buyer to verify all property information, income, expenses, square footage, lot lines, zoning, and permitted uses to their satisfaction.
Located at 271 & 281 E. Workman Avenue in Covina. Situated on a huge lot of 1.1 acres (47,824)SF+- offering 71 parking spaces.
The Building is located across the street from Eastland Shopping center offering excellent exposure from the shopping center.
The property's proximity to the Eastland Shopping Center and surrounding area offers major convenience to Banks, retail, shopping and dining outlets like Target, Dick's Sporting Goods, Starbucks, IKEA, Sprouts Farmers Market, Fogo de Chao and many more.
Currently generating $31,396+- in monthly income, this income-producing multi tenant commercial property offers low vacancy and investors an opportunity to acquire an established office asset. The building is located only 0.3 of a mile from the 10 freeway between the Barranca and Citrus offramps. The location offers potential appeal to a variety of professional office users and businesses seeking a presence in this well-established market.
This is an opportunity to own a substantial commercial muti tenant office property with existing income, paid for Solar and long-term investment potential.
Buyer to verify all property information, income, expenses, square footage, lot lines, zoning, and permitted uses to their satisfaction.
Location
State CA
County Los Angeles
Area 614 - Covina
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry None
Exterior
Fence Block, Chain Link
Utilities Available Sewer Connected
Present Use Commercial
Total Parking Spaces 71
Building
Lot Description 2-5 Units/Acre, Lot Over 40000 Sqft, Near Public Transit, Sprinkler System
Story 2
Water Public
Others
Tax ID 8451010018
Acceptable Financing Cash, Cash to New Loan, Owner May Carry
Listing Terms Cash, Cash to New Loan, Owner May Carry
Special Listing Condition Standard
Listed by Albert Rodriguez CENTURY 21 CITRUS REALTY INC 626-255-4854, DRE #01250095
NEARBY SCHOOL & BUSINESS