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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$3,995,000

Est. payment - /mo

0.39 Acres Lot

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Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID CV26112129

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1963

Lot Size 0.388 Acres

Property Sub-Type Apartment

Property Description

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.

Location

State CA

County Los Angeles

Area 614 - Covina

Interior

Interior Features Granite Counters

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring See Remarks

Fireplaces Type None

Fireplace No

Appliance Free-Standing Range, Water Heater

Laundry Common Area

Exterior

Parking Features Carport

Garage Spaces 1.0

Carport Spaces 14

Garage Description 1.0

Pool Community

Community Features Suburban, Pool

View Y/N Yes

View Neighborhood

Total Parking Spaces 15

Private Pool No

Building

Lot Description Sprinklers In Front

Story 2

Foundation Slab

Sewer Public Sewer

Water Public

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 8444010018

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Energy Description 3954.0

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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Listed by Lauren Davis MARK ANDERSEN & ASSOCIATES Lauren@markandersEn.com, DRE #01245985

NEARBY SCHOOL & BUSINESS

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254 W Dexter Covina, CA 91723