N Barranca Ave, Covina CA

Property Type: Office
Size: 4,200 sf
Lot Size: 11,325 sf
Year Built: 1962 (renovated 2004)
Stories: 1
Units: 7 (reduced to 5)

Acquired: July 2003
Acquisition Price: $305,000
Divested: January 2005
Sale Price: $785,000

About a mile north of the 10 Freeway, this office building is situated on a high-traffic street among residential, retail, industrial, and office properties. Built in 1962, the property has undergone extensive rehab in 2003-2004 to improve and modernize the facility. The end result is a stylish property consisting of five office suites, each separately metered for electric and wired for networking. Improvements include roof, HVAC, landscaping, parking areas, concrete walkways, complete interior rehab, all new windows, upgraded bathrooms, separate electric meters.

2001-11 KHI