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1400 E Cypress Street, Covina, CA 91724

Commercial property

1400 E Cypress Street, Covina, CA 91724 Sold May 2023 CRMLS
$1,500,000Sold May 2023

Listing Agent: Tony Lopez (DRE #01752038) · Listing Office: Amberwood Real Estate · Contact: 562-762-7403 · Bought with: Tony Lopez · Amberwood Real Estate · MLS #RS23021576 · Source: CRMLS

3,294
Building Sq Ft
1
Units
$77,540
NOI
14,245 sqft
Lot Size
1963
Year Built
Commercial property
Type

About this commercial property

If you are looking to expand your commercial rental investment portfolio, you've come to the right place! Excellent location, built-in 1963. This office building has had one permanent tenant since construction - Cypress Animal Hospital. The new 5-year lease begins in March 2023 with a triple net lease and a 5-year option. All repairs inside the building are the tenant's responsibility including maintenance. The owner pays for any repairs outside the building and gardening. The veterinarian and pet grooming industry is a fast-growing business with potential franchise expansion, so vacancy is never an issue. Finding tenants for this or future investments will never be a significant concern. We're looking for a savvy investor/ entrepreneur who wants to grow his/her commercial rental portfolio. And if you've never considered this type of investment, give me a call to discuss your growth investment potential. Click the link below to see the Virtual Tour. https://my.matterport.com/show/?m=Ve7BFevsnSP&title=0&brand=0

Listing description from the May 2023 sale, as reported to CRMLS.

Sale history

$1,500,000
Sold May 2023 · on market February 2023 · MLS #RS23021576 · Source: CRMLS
Listing Agent: Tony Lopez · Listing Office: Amberwood Real Estate · Contact: 562-762-7403 · Bought with: Tony Lopez · Amberwood Real Estate
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