Listing Broker: MARK ANDERSEN & ASSOCIATES
Listing Agent: Lauren Davis
License #: 01245985
Lauren@markandersEn.com
Buyer Represented by: COMPASS
Selling Agent: Justino Faaola
License #: 02038198
The property features 12 spacious 3-bedroom, 1.75-bathroom apartment homes, and one studio unit, creating a highly
attractive unit mix seldom available in the marketplace. The large floor plans appeal to a variety of households seeking
affordable alternatives to single-family housing in the San Gabriel Valley. Most units have undergone interior upgrades, enhancing tenant appeal while
reducing near-term capital expenditure requirements for a new owner. Improvements may include updated flooring, kitchens, bathrooms, fixtures, and
interior finishes. The property benefits from consistent occupancy and strong tenant demand due to its central location within Covina, proximity to major transportation corridors, retail amenities, schools, and regional employment centers.
Investment Highlights: Rare large-unit multifamily asset with predominantly 3-bedroom units; Fully occupied with stable tenancy
Most units extensively upgraded; Attractive San Gabriel Valley location; Strong rental demand for family-sized units; Potential continued rental upside
Desirable commuter access to employment centers throughout Los Angeles County; Carport parking amenity for tenants; Coin-operated laundry onsite for extra income.
| Listing Id: | CV26112129 |
|---|---|
| List Price: | $3,750,000 |
| Close Price: | $3,390,000 |
| Close Date: | 2026-07-13 |
| Property Type: | Residential Income |
| Property Sub Type: | Apartment |
| Status: | Closed |
| Association Fee: | $0 |
| Lot Size Square Feet: | 16,921.0 |
| Lot Size Acres: | 0.3885 |
| Waterfront?: | No |
| City: | Covina |
| County Or Parish: | Los Angeles |
| Postal Code: | 91723 |
| Year Built: | 1963 |
| Number Of Units Total: | 13 |
| Appliances: | FreeStandingRange, WaterHeater |
| Room Type: | Kitchen, LivingRoom |
| Basement Yn: | No |
| Building Area Total: | 13000.0 |
| Building Area Units: | SquareFeet |
| Carport Spaces: | 14.0 |
| Carport?: | Yes |
| Common Interest: | None |
| Common Walls: | TwoCommonWallsOrMore |
| Community Features: | Suburban, Pool |
| Cooling: | WallWindowUnits |
| Cooling?: | Yes |
| Directions: | W/Citrus S/Badillo |
| Electric Expense: | $2,994 |
| Elevation Units: | Feet |
| Entry Level: | 1 |
| Entry Location: | 1 |
| Fireplace Features: | None |
| Flooring: | SeeRemarks |
| Foundation Details: | Slab |
| Fuel Expense: | 3954.0 |
| Garage Spaces: | 1.0 |
| Garage?: | Yes |
| Gardener Expense: | $1,035 |
| Gross Income: | $325,418 |
| Gross Scheduled Income: | $325,418 |
| Heating: | WallFurnace |
| Heating?: | Yes |
| Interior Features: | GraniteCounters |
| Laundry Features: | CommonArea |
| Listing Agreement: | ExclusiveRightToSell |
| Listing Contract Date: | 2026-05-22 |
| Listing Terms: | Cash, Conventional |
| Lot Features: | SprinklersInFront |
| Lot Size Acres: | 0.3885 |
| Lot Size Area: | 16921.0 |
| Lot Size Source: | Assessor |
| Lot Size Units: | SquareFeet |
| Maintenance Expense: | $27,570 |
| MLS Area Major: | 614 - Covina |
| Net Operating Income: | $193,608 |
| New Taxes Expense: | $43,500 |
| Number Of Buildings: | 2 |
| Number Of Separate Electric Meters: | 14 |
| Number Of Separate Gas Meters: | 14 |
| Number Of Separate Water Meters: | 1 |
| Number Of Units Leased: | 13 |
| Operating Expense: | $128,590 |
| Original List Price: | $3,995,000 |
| Parcel Number: | 8444010018 |
| Parking Features: | Carport |
| Parking Total: | 15 |
| Pool Expense: | $4,622 |
| Pool Features: | Community |
| Possession: | CloseOfEscrow |
| Postal City: | COVINA |
| Professional Management Expense: | $21,977 |
| Property Attached?: | Yes |
| Property Condition: | UpdatedRemodeled |
| Security Features: | CarbonMonoxideDetectors, SmokeDetectors |
| Sewer: | PublicSewer |
| Spa Features: | None |
| Special Listing Conditions: | Standard |
| State Or Province: | CA |
| Stories Total: | 2 |
| Tenant Pays: | Electricity, Gas |
| Total Actual Rent: | $26,839 |
| Trash Expense: | $9,644 |
| Vacancy Allowance: | 3220 |
| View: | Neighborhood |
| View?: | Yes |
| Water Sewer Expense: | $13,294 |
| Water Source: | Public |
| Year Built Source: | Assessor |
| Property Sub Type Additional: | Apartment |
| Current Price: | $3,390,000.00 |
| Country Subdivision: | 06037 |
| Record Signature: | -359,243,721 |
| Universal Parcel Id: | urn:reso:upi:2.0:US:06037:8444010018 |
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Based on information from California Regional Multiple Listing Service, Inc. as of October 08, 2026. 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.
California Regional Multiple Listing Service, Inc. data last updated on October 08, 2026 05:06 PM - ET
Property Last Updated: October 08, 2026 05:06 PM - ET
