Covina, CA 91724 970 S Village Oaks Drive

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Presented By: Krisante Gunewardena with RE/MAX TOP PRODUCERS; 909-938-4767
  • MLS# CV24042929
  • 03/01/2024
  • Request Tour
  • Request Info
  • FootageSQFT • 19,538

Home Details

For Sale: Premier 2-Story Commercial Office Building at 970 S Village Oaks Dr, Covina, CA 91724 Nestled in the vibrant heart of Covina, California, this distinguished 2-story commercial office building presents a unique opportunity for both savvy investors and businesses looking for owner-use space. Ideally situated at 970 S Village Oaks Drive, this property boasts a strategic location, exceptional amenities, and versatile use options, making it a standout offering in the market. Key Features: Medical/Dental Use Permitted: Operate within the thriving medical and dental sectors with ease, thanks to compliance with approved city guidelines for medical and dental use. This feature opens the door to a wide range of professional services and practices seeking a prime location. Owner Use or Investment Opportunity: Whether you're looking to establish your own business premises or diversify your investment portfolio, this property offers the flexibility to accommodate your needs. With a 5% cap rate and a history of low vacancy, investors can look forward to a steady income stream, while owner-users will find ample space for their operations. Ample Parking: The property includes a generous allocation of 70 parking spaces, ensuring easy access for employees, clients, and visitors alike. This significant amenity enhances the property's appeal and functionality. Prime Location and Accessibility: Located in close proximity to the 10 freeway, this property offers excellent visibility and convenient access for both local and visiting clientele. The close proximity to a nature park further enriches the location, providing a serene backdrop and recreational options for employees and visitors. Recently Upgraded: The building features new stucco and renovated offices, presenting a modern and professional aesthetic. These recent upgrades contribute to the property's turnkey appeal, requiring minimal additional investment prior to occupation. Opportunity Awaits: 970 S Village Oaks Drive represents a rare blend of location, versatility, and potential. Whether you're aiming to expand your investment portfolio or establish a base for your business, this property offers a foundation for success. Don't miss out on the chance to own a piece of Covina's commercial landscape. Contact us today to schedule a tour and take the first step towards your next venture.
Presented By: Krisante Gunewardena with RE/MAX TOP PRODUCERS; 909-938-4767

Interior Features for 970 S Village Oaks Drive

Other Interior Features

LivingAreaSourceAssessor
Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
Street SuffixDrive
Total Stories2

Other Rooms

Entry Level1

General for 970 S Village Oaks Drive

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Business TypeAccounting, AdministrativeandSupport, Commercial, Dental, Employment, Financial, Medical, MultiTenant, RealEstate
Carport Y/NNo
CityCovina
CountyLos Angeles
Days on Market45
DirectionsCorner of Village Oaks and Holt
Garage Y/NNo
HOA / Comm AssnNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet60713.0
MLS Area614 - Covina
MobileHomeRemainsYNNo
Net Operating Income255000.0
New ConstructionNo
Number of Units Leased18
Occupancy DescriptionTenant
Private PoolNo
Property Attached Y/NNo
Property Sub Type AdditionalOffice
Property SubTypeOffice
Property TypeCommercialSale
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Street NameVillage Oaks
Total Units22
View Y/NNo
Waterfront Y/NNo
Year Built1981
Year Built SourceAssessor
ZoningCVA1PCD*

Exterior for 970 S Village Oaks Drive

Building Area Total19538.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem2125UnitsAcre
Lot Size Acres1.3938
Lot Size Area60713.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Open Parking Y/NNo
SpaNo
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $4,800,000
MLS#CV24042929
List Date 03/01/2024
Property Type Commercial
Phone 714.964.3311
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