515 S 2nd Ave, Covina, CA, 91723

515 S 2nd Ave Covina, CA 91723

515 S 2nd Ave, Covina, CA, 91723
515 S 2nd Ave, Covina, CA, 91723 515 S 2nd Ave, Covina, CA, 91723
FOR SALE
Property Type:
Multi Tenant Office
Amount:
$1,967,000
Last Verified:
May 14, 2024

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Highlights

  • Three building complex with common patio area
  • Single story development
  • Easy access to I-10 and I-210 Freeways
  • near retail, restaurants and banks
  • 100% leased investment
  • ample parking at 6.4 spaces per 1,000 sf
  • Net Operating Income: $ 87,718
  • For Sale: $ 1,967,000 ($ 318 SF)

Description

$1,967,000 all cash or terms acceptable to seller

Convenient commercial location near retail, banks and restaurants


Year Built: 1979
Building Size: 6177sq ft
Building Class: C
Lot Size: 0.74 acres


Documents

515 S. 2nd Ave. V6 5 14 24.pdf

Map of 515 S 2nd Ave, Covina, CA, 91723

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.