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    599 S Barranca Street

    Covina, CA 91791
    • $5,700,000
    • STATUS: Active
    • ON SITE: 87 days
    • ID#: CV20171064
    $5,700,000
    • 0
      BEDS
    • 0.95
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 30,000
      SQFT
    • $190
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1964
    County:
    Area:

    School Ratings & Info

    Description

    Prime A+ Commercial Office Building located in the heart of Covina located on the corner of Barranca and Rowland, this prime office building/retail has great street exposure, multiple entrances, ADA compliant access, fully occupied with long-term tenants. Subterranean and outside parking, commercial elevator and long-term tenants make this property very attractive for any investor. This property has been maintained with the upmost care.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-24T00:27:16.6. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Results Group | Berkshire Hathaway HomeServices California Realty. Licensed in the State of California, USA.

    www.redlandsland.com/homes/109459357
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    599 S Barranca Street Covina, CA 91791

    • Price: $5,700,000
    • Status: Active
    • ID#: CV20171064
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.95
    Acres
    30,000
    SQFT
    $190
    $/SQFT
    1964
    Built
    Neighborhood:
    614 - Covina
    County:
    Los Angeles
    Area:
    614 - Covina
    Property Description
    Prime A+ Commercial Office Building located in the heart of Covina located on the corner of Barranca and Rowland, this prime office building/retail has great street exposure, multiple entrances, ADA compliant access, fully occupied with long-term tenants. Subterranean and outside parking, commercial elevator and long-term tenants make this property very attractive for any investor. This property has been maintained with the upmost care.
    Exterior Features

    Construction Materials SteelStucco Entry Level 1 Fence YN Yes Fencing BlockExcellent ConditionNew Condition Lot Features Sprinkler SystemSprinklers Timer Lot Size Dimensions 41448 Lot Size Source Assessor Lot Size Units Square Feet Parking Ratio 4.00 Parking Total 60.00 Roof Composition Topography Flat

    Interior Features

    Building Features ElevatorsPhone System Condo Area Units Square Feet Cooling Central AirZonedElectricSeer Rated 13-15 Cooling YN Yes Heating CentralZonedForced AirElectricEnergy Star Qualified EquipmentHigh Efficiency Heating YN Yes Laundry Features None Office Class C Office Square Footage 26208

    Property Features

    Accounting Type Actual Additional Parcels YN No Advertising Expense 1447.00 Amperage 800 Anchors Co Tenants Cal Depo Asset Class Office Building Area Units Square Feet Building Expenses 0.00 Building Name Becridge Building Building Status Existing Business Type AccountingAdministrative And SupportCommercialComputerEmploymentFinancialPhotographerProfessional ServiceProfessional/OfficeReal Estate Cap Rate 5.15 Country Us Current Financing Conventional Current Use Comments Professional Office Space Effective Gross 490812 Electric 220 VoltsElectricity - On PropertyStandard Electric Expense 60000.00 Expense Year 132256 Gross Scheduled Income 514901.00 Insurance Expense 6357.00 Investment Property YN Yes Land Lease YN No Land Use Office Laundry Income 0.00 Laundry YN No Leasable Area Units Square Feet Lease Considered YN No Lot Dimensions Source Assessor Maintenance Expense 3600.00 Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 303970.04 Number Of Units Leased 36 Occupancy Occupied Operating Expense 132256.50 Other Income1 1656.50 Park Name Becridge Building Personal Property Amount 6357 Professional Management Expense 19632.51 Property Sub Type Office Real Estate Tax Expense 28596.00 Resident Manager Expense 0.00 Retail Center Type Mixed Use Security Features Automatic GateCard/Code AccessClosed Circuit Camera(S)Fire Sprinkler SystemSecurity Lights Special Listing Conditions Standard Sprinklers YN Yes Supplies Expense 5019.57 Tax Annual Amount 28596.78 Tax Rate 1.00 Tax Year 2019 Total Building NRA 27038 Total Expenses 186842.79 Total Monthly Rent 38764 Trash Expense 0.00 Utilities Cable ConnectedElectricity ConnectedNatural Gas Not AvailablePhone ConnectedSewer ConnectedUnderground UtilitiesWater Connected Vacancy Allowance 25745 Vacancy Allowance Rate 0.05 Water Sewer Expense 9542.12 Water Source Public Year Built Source Assessor Zoning Commercial

    Listing provided courtesy of Carl Capitano of Compass


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-24T00:27:16.6. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Results Group | Berkshire Hathaway HomeServices California Realty. Licensed in the State of California, USA.

     
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    The Results Group | Berkshire Hathaway HomeServices California Realty
    501 Stuart Street, Suite 101
    Redlands CA, 92373