970 S Village Oaks Dr, Covina, CA 91724
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970 S Village Oaks Dr Covina, CA 91724

$4,800,000
  • -- Beds
  • -- Baths
  • 19,538 Sq.Ft.
Pending
$4,800,000 Get Pre-Qualified

Map preview of 970 S Village Oaks Dr, Covina, CA 91724

Property Overview: 970 S Village Oaks Dr Covina, CA has -- bedrooms, -- bathrooms, 19,538 living square feet and 60,713 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Krisante Gunewardena | BRE #02073733 | RE/MAX TOP PRODUCERS
Co-listed by James Laing | BRE #01941264 | TOP PRODUCERS REALTY PARTNERS
Last checked: 14 minutes ago | Last updated: August 26th, 2024 | Source CRMLS | DOM: 160

Home details

Lot Sq. Ft
60,713
HOA Dues
$0/mo
Year built
1981
Garage
--
Property Type:
Office
Status
Pending
MLS#
CV24042929
City
Covina
County
Los Angeles
Time on Site
189 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 22
  • Total # of Buildings: 1
  • # of Leased Units: 18
Unit Breakdown 1
  • # of Units: 22
  • # of Beds: --
  • # of Baths: --
  • Total Rent: --
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: $255,000
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 970 S Village Oaks Dr

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Property Details for 970 S Village Oaks Dr

Interior Features
Laundry Information
  • None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 21-25 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Total # of Units: 22
  • Parcel Number: 8447031050
  • Year Built Source: Assessor
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Corner of Village Oaks and Holt
View more facts & features

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Sale History for 970 S Village Oaks Dr

Last sold for $2,185,021 on December 17th, 1981
  • August, 2024

  • Aug 26, 2024

    Date

    Pending

    CRMLS: CV24042929

    $4,800,000

    Price

  • Mar 1, 2024

    Date

    Active

    CRMLS: CV24042929

    $5,100,000

    Price

  • December, 1981

  • Dec 17, 1981

    Date

    Sold (Public Records)

    Public Records

    $2,185,021

    Price

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Tax History for 970 S Village Oaks Dr

Assessed Value (2020): $4,260,721
Year Land Value Improved Value Assessed Value
2020 $1,063,676 $3,197,045 $4,260,721

Home Value Compared to the Market

This property vs the competition

970 S Village Oaks Dr is listed 500.9% higher than the median list price for the city of Covina which has a median list price of $798,800. The median price per/sqft for Covina is $509 and this home is listed at $245.68 per/sqft which puts the price per square foot 51.73% lower than the median price per square foot for the city of Covina.

About 970 S Village Oaks Dr

Detailed summary of property

970 S Village Oaks Dr is a office located in Covina, CA 91724 and is currently in escrow to be sold. This office offers -- bedrooms, -- bathrooms, roughly 19,538 living square feet, and sits on an approximately 60,713 square foot lot. 970 S Village Oaks Dr was first listed on ArdentRealEstateGroup.com on March 2, 2024. The homeowner is currently asking $4,800,000 and was originally asking $5,100,000. The median priced home in Covina is $798,800 with a median price per square foot of $509. Based on Ardent Real Estate Group's Covina Market Data, this home is listed 500.9% higher than the median priced home. While the average home in Covina, CA is selling in 48 days, 970 S Village Oaks Dr has a days on market of 160 days. There are currently 114 homes for sale in the Covina real estate market and 85 of them are single family homes while 21 of them are condos and 8 are townhomes. For more information on this home for sale at 970 S Village Oaks Dr Covina, CA 91724 contact Ardent Real Estate Group and we will put you in touch with one of our Covina agents.

Public Facts for 970 S Village Oaks Dr

Public county record property details
Beds
--
Baths
--
Year built
1981
Sq. Ft.
19,538
Lot Size
60,679
Stories
1
Type
Office Bldg (General)
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
8447-031-050

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
$956,000
Median List Price/Sq.Ft.
$513
Median Sold Price
$830,000
Median Sold Price/Sq.Ft.
$462
Total Inventory
48
Median Sale to List Price %
98.22%
Avg Days on Market
30
Loan Type
Conventional (57.14%), FHA (21.43%), VA (7.14%), Cash (7.14%), Other (7.14%)

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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.