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1400 E Cypress St, Covina, CA 91724
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1400 E Cypress St Covina, CA 91724

$1,500,000 Sold Price as of 05/15/2023
  • -- Beds
  • -- Baths
  • 3,294 Sq.Ft.
Sold
$1,500,000 Sold Price as of 05/15/2023 Refinance Your Mortgage
Map preview of 1400 E Cypress St, Covina, CA 91724

Property Overview: 1400 E Cypress St Covina, CA has -- bedrooms, -- bathrooms, 3,294 living square feet and 14,245 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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

Listed by Tony Lopez | BRE #01752038 | Amberwood Real Estate
Last checked: 8 minutes ago | Last updated: June 5th, 2023 | Source CRMLS | DOM: 17

Home details

Lot Sq. Ft
14,245
HOA Dues
$0/mo
Year built
1963
Garage
--
Property Type:
Specialty
Status
Sold
MLS#
RS23021576
City
Covina
County
Los Angeles
Time on Site
466 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 1
  • Total # of Buildings: 1
  • # of Leased Units: 1
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $80,400
  • Net Operating Income: $77,540
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $2,860
  • Insurance: $1,900
  • Maintenance: $960

Virtual Tour

Use the following link to view this property's virtual tour:

Property Details for 1400 E Cypress St

Interior Features
Laundry Information
  • Inside
Exterior Features
Exterior Information
  • Roof: Composition, Flat, Reflective
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Level with Street
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Total # of Units: 1
  • Parcel Number: 8427001009
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: East of Glendora Ave., West of Bonnie Cove Ave., and South of Covina Blvd., right behind Charter Oak High School
View more facts & features

Local Covina Agent

Sale History for 1400 E Cypress St

Last sold for $1,500,000 on May 15th, 2023

  • May, 2023

  • May 15, 2023

    Date

    Sold

    CRMLS: RS23021576

    $1,500,000

    Price

  • Feb 7, 2023

    Date

    Active

    CRMLS: RS23021576

    $1,500,000

    Price

  • February, 2023

  • Feb 6, 2023

    Date

    Canceled

    CRMLS: RS22256931

    $1,500,000

    Price

  • Dec 19, 2022

    Date

    Active

    CRMLS: RS22256931

    $1,500,000

    Price

  • Listing provided courtesy of CRMLS

    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. The tenant pays $6,700 per month, plus property taxes and insurance. All repairs inside the building are the tenants 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

Show More

Tax History for 1400 E Cypress St

Assessed Value (2020): $134,183
Year Land Value Improved Value Assessed Value
2020 $32,294 $101,889 $134,183

Home Value Compared to the Market

This property vs the competition

1400 E Cypress St sold on May 15, 2023 for 105.48% higher than the current median sold price for the city of Covina which is $730,000. The median sold price per/sqft for Covina is $506 and this home is sold at $455.37 per/sqft which puts the price per square foot 10.01% lower than the current median sale per square foot for the city of Covina.

About 1400 E Cypress St

Detailed summary of property

1400 E Cypress St is a specialty that recently sold in Covina, CA 91724. This specialty property offered -- bedrooms, -- bathrooms, roughly 3,294 living square feet, and sits on an approximately 14,245 square foot lot. 1400 E Cypress St was first listed on ArdentRealEstateGroup.com on February 7, 2023. The homeowner sold the property for $1,500,000. Home in Covina are selling for a median price of $730,000 and a median price per square foot of $506. Based on Ardent Real Estate Group's Covina Market Data, this home is sold 105.48% higher than the current median priced home. Local homes that are currently for sale include 746 N Anaheim Blvd, 9770 Foothill Blvd and 4874 Huntington Dr. While the average home in Covina, CA is selling in 48 days, 1400 E Cypress St has a days on market of 17 days. There are currently 103 homes for sale in the Covina real estate market and 66 of them are single family homes while 22 of them are condos and 15 are townhomes. For more information on this home for sale at 1400 E Cypress St Covina, CA 91724 contact Ardent Real Estate Group and we will put you in touch with one of our Covina agents.

Public Facts for 1400 E Cypress St

Public county record property details
Beds
--
Baths
--
Year built
1963
Sq. Ft.
3,294
Lot Size
14,256
Stories
1
Type
Professional Bldg (Legal; Insurance; Real Estate; Business)
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
8427-001-009

The source for these homes facts are from public records.

91724 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$939,000
Median List Price/Sq.Ft.
$535
Median Sold Price
$775,000
Median Sold Price/Sq.Ft.
$490
Total Inventory
35
Median Sale to List Price %
101.97%
Avg Days on Market
26
Loan Type
Conventional (54.55%), FHA (18.18%), VA (0%), Cash (9.09%), Other (18.18%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(714) 706-1823

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Recently Sold Homes Near 1400 E Cypress St

19534 E Cypress St, Covina, CA 91724
$600,000 Last Sold Price
-- Beds
-- Baths
996 Sq.Ft.
19534 E Cypress St
Covina, CA 91724
21014 E Cienega Ave, Covina, CA 91724
$1,650,000 Last Sold Price
-- Beds
-- Baths
7186 Sq.Ft.
21014 E Cienega Ave
Covina, CA 91724
334 E San Bernardino Rd, Covina, CA 91723
$680,000 Last Sold Price
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1650 Sq.Ft.
334 E San Bernardino Rd
Covina, CA 91723
531 N 1st Ave, Covina, CA 91723
$1,050,000 Last Sold Price
-- Beds
-- Baths
4476 Sq.Ft.
531 N 1st Ave
Covina, CA 91723

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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