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Soft OfferLakeside Community Healthcare NNN Investment | Los Angeles MSA (West Covina, CA)
1500 West Covina Parkway, West Covina, California 91790
$14,000,000
$542 / sq ft 6.98% cap rate Listed Mar 18, 2026
25,836 sqft
Building
2 acres
Lot
1963
Built
2
Stories
1
Units
About this property
Lakeside Community Healthcare NNN Investment | Los Angeles MSA (West Covina, CA) is a health and fitness for sale in West Covina, California, listed at $14,000,000. Key details: year built 1963, building size 25,836 sqft, lot size 2 acres, stories 2. Listed by Ryan Bennett of NNN Investment Group on LoopingCloud and last updated October 20, 2026.
Lee & Associates is pleased to present a premier single-tenant medical office (MOB) investment opportunity: Lakeside Community Healthcare, located at 1500 West Covina Parkway. This absolute NNN medical asset offers a secure, long-term income stream in the heart of the eastern Los Angeles County medical corridor.
Investment Highlights
-
True NNN Medical Lease: Features an absolute triple-net (NNN) structure with zero landlord responsibilities, providing a 100% passive income stream for out-of-state 1031 exchange investors.
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Affiliate of Heritage Provider Network: Backed by a corporate guaranty from Lakeside Medical Organization, an affiliate of one of the nation's largest managed care organizations, ensuring high-credit stability.
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Proven Historical Occupancy: The tenant has successfully operated at this location for over 20 years (since 2005), demonstrating an exceptional commitment to the site and the surrounding patient base.
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Recent 2025 Capital Improvements: The asset features brand-new roof and elevator systems (installed 2025), significantly enhancing durability and reducing future capital expenditure (CapEx) for the owner.
Strategic Medical District Location
The property is positioned at the epicenter of West Covina’s primary healthcare and retail hub:
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Superior Highway Visibility: Located immediately off Interstate 10 (I-10) with exposure to over 193,000 Vehicles Per Day (VPD).
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Hospital Proximity: Strategically situated near Emanate Health Queen of the Valley Hospital, a 325-bed acute care facility, driving significant referral traffic and medical synergy.
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High-Density Infill Demographics: Serves a massive population of over 482,000 residents within a five-mile radius, ensuring long-term demand for outpatient services.
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Ample Parking: Boasts a generous parking ratio of 5:1,000 SF, a critical and highly desirable feature for high-volume medical office buildings in the Los Angeles MSA.
Asset Fundamentals
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Building Size: 25,836 SF, Two-Story Professional Medical Office.
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Lot Size: 1.53 Acres (Fee Simple Interest).
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Stable Revenue Streams: Benefits from the integration into a broader managed care network, providing a hedge against shifting healthcare reimbursement models.
Key highlights
- Net Lease Investment
- Lease Type Triple-Net (NNN)
- Remaining Term 5+ Years
- Price Per Foot $581
Lending Opportunities
| Company | Lender type | Contact | Phone | |
|---|---|---|---|---|
| TheLoanProsTeam | Mortgage Broker | Roxanne Chung | (754) 707-5877 | |
| Money Solutions, LLC | Mortgage Broker | Jennifer A. Judice | (813) 431-5000 |
Property details
Key facts
- Year Built
- 1963
- Building Size
- 25,836 sqft
- Lot Size
- 2 acres
- Stories
- 2
- Total Units
- 1
- Property Status
- Normal Sale
- Building Status
- Existing
- Net Lease Investment
- Yes
Pricing details
- Net Operating Income
- $976,600
- Financing
- Third Party Financing
- Investment Property
- Active investment property
- Business Available for Sale
- Yes
- Business Price Included
- Yes
Investment snapshot
6.98%
Cap rate
$976,600
Net operating income
$542
Price per sq ft
Acquisition options
| Option | Asking price | Cap rate | Commission | Monthly income | Ownership |
|---|---|---|---|---|---|
| Purchase Only | $14,000,000 | 6.5% | - | - | - |
Features and amenities
Property Features
- Lease Type: Triple-Net (NNN)
- Year Built: 1963/Renov. 2006, 2010 & 2025
- Remaining Term: 5+ Years
- Price Per Foot: $581
Highlights
- Leased to West Covina Medical Group | Strong corporate lease guaranty from Lakeside Medical Organization | Part of the Heritage Provider Network (HPN)
- 20-year successful operating history | Clear tenant commitment to site and patient demand | Early lease renewal | New Roof and elevator system | Sticky tenant
- Rare standalone single-tenant medical building on true NNN lease | No landlord responsibilities | Extreme ease of ownership | Well below replacement cost
- Infill East Los Angeles, California location (482,000 people) | Proximity to Emante Queen of the valley Hospital (325-bed acute care facility) | Freeway driven access and massive regional draw radius
Location
Address as shown by the lister.
Get directionsAbout this area - West Covina
- Population
- 44,085
- Housing units
- 13,083
- Land area
- 5.7 sq mi
- County
- Los Angeles
Neighborhood
Places shown on the map come from Google Maps and are near the property. Check details with each place before you rely on them.
Documents, links and contacts
Additional contacts
1 person to reach- Drew Olson - dolson@lee-associates.comAssociate License ID# 02049653 (760) 448-1372
Frequently asked questions
What is the asking price of Lakeside Community Healthcare NNN Investment | Los Angeles MSA (West Covina, CA)?
Lakeside Community Healthcare NNN Investment | Los Angeles MSA (West Covina, CA) is listed at $14,000,000. That works out to about $542 per square foot. The stated cap rate is 6.98%.
Where is Lakeside Community Healthcare NNN Investment | Los Angeles MSA (West Covina, CA) located?
The property is in 1500 West Covina Parkway, West Covina, California 91790, Los Angeles County.
What type of property is this?
This is a health and fitness for sale in the commercial category.
How big is the property?
The building is 25,836 sqft. The lot is 2 acres.
Is financing available?
The lister indicates: Third Party Financing.
Who do I contact about this listing?
Ryan Bennett of NNN Investment Group listed this property. Use the Request Info button to send a message or call (760) 448-2449.
When was this listing published?
It was published on March 18, 2026 and last updated on October 20, 2026.
Listing information
- Listing ID
- CL-California-27481
- Published
- Mar 18, 2026
- Last updated
- Oct 20, 2026
- Views
- 202
Report a problem with this listing
Disclaimer: LoopingCloud is a social listing portal that connects real estate professionals, service providers, buyers, and sellers. All property information, descriptions, availability, financial details, and any offerings are provided by the respective lister or service provider and are not independently verified by LoopingCloud.
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