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Property Description
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.
Full Property Details
Full Property Details for 970 S Village Oaks Dr
General
- Status: Closed
- Type: Office
- Source: MRMLS
- MLS ID: CV24042929
- Added to Site: 823 day(s) ago
Business
- Business Type: Accounting, Administrative and Support, Commercial, D
Rooms
Other Rooms
- Laundry: None
Location
- County: Los Angeles
- Driving Directions: Corner of Village Oaks and Holt
Structural Information
- # Buildings: 1
- Entry Floor Number: 1
- Stories/Levels: 2
- Building Size: 19538
- Square Feet: 19,538
- Current Bldg. Use: Commercial
- Office: 19,538 Sq. Ft.
- Year Built: 1981
- Year Built Source: Assessor
Unit Information
- Occupancy Rate: Occupied
Lot Features
- Lot Size (Acres): 1.3938
- Useable Acres: 1.3938
- Lot Size (Sq. Ft.): 60,713
- Lot Size Source: Assessor
- Lot Features: 21-25 Units/Acre
- Lot Description: 21-25 Units/Acre
Financial Considerations
- Price Per Sq. Ft.: $200
Disclosures and Reports
- Investment: Yes
- Property ID: 8447031050
Listed by Re/Max Top Producers, KrisanteGunewardena and JamesLaing
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Schools
Schools serving 970 S Village Oaks Dr
School District:Covina-Valley Unified School District
| Name | Grades | Distance |
|---|---|---|
Barranca Elementary School 727 South Barranca Avenue, Covina, CA 91723 | K-5 | 1.2 mi |
Sierra Vista Middle School, Covina, CA 777 East Puente Street, Covina, CA 91723 | 6-8 | 1.1 mi |
South Hills High School 645 S. Barranca St., West Covina, CA 91723 | 9-12 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 970 S Village Oaks Dr
Date
Details
Price
Change
Source
4/16/2024
Price Reduced
$4,800,000
—
MLS
3/01/2024
Sold
$4,800,000
-5.88%
MLS
2/16/2024
Listed
$5,100,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
970 S Village Oaks Drive, Covina, CA 91724 (MLS# CV24042929) is a Office property that was sold on March 01, 2024. Want to learn more about 970 S Village Oaks Drive? Do you have questions about finding other Office real estate for sale in Covina? You can browse all Covina real estate or contact a Coldwell Banker agent to request more information.

