Covina Homes with Apartment Subtype

Covina Homes with Apartment Subtype

Welcome to Covina, California – a charming city nestled in the heart of Los Angeles County. Known for its rich history and vibrant community, Covina offers a delightful blend of suburban tranquility and urban convenience. With its picturesque tree-lined streets, friendly neighborhoods, and a diverse array of shops and dining options, Covina is an ideal place to call home.

Covina boasts an impressive selection of homes, including those with apartment subtypes, catering to various lifestyles and preferences. Whether you’re a first-time homebuyer, a growing family, or seeking an investment opportunity, you’ll find an array of options that fit your needs. Many of these homes feature modern amenities, spacious layouts, and beautiful outdoor spaces, perfect for entertaining or enjoying a quiet evening at home.

Living in Covina means enjoying easy access to major highways, making commutes to downtown Los Angeles and surrounding areas a breeze. The city is also home to several parks, recreational facilities, and top-rated schools, ensuring that residents can enjoy a well-rounded lifestyle. Additionally, the local community hosts numerous events throughout the year, fostering a strong sense of belonging and camaraderie among residents.

Explore the possibilities of calling Covina your home. With its welcoming spirit, beautiful homes, and convenient location, you’ll find that this city is not just a place to live, but a place to thrive. Discover your dream home in Covina today and join a community that truly feels like family!

Newest Covina Homes with Apartment Subtype

$4,498,000
AR26165785 MLS Active Status
First Time for Sale Since 1975 – Exceptionally Rare 16-Unit Single-Story Value-Add Multifamily across from City of Glendora and at the border of San Dimas, Offering Over 8% Pro Forma CAP Rate (All Month-to-Month Tenants). Centrally Located Near Shopping, Major Freeways, and Minutes from Colleges and Universities. Excellent Unit Mix (All 2-Bed), Situated on a Large, Over-Parked Lot with Clear ADU Upside Potential (Possibly 4 ADUs – Buyer to Verify). Total 4 Units Will Be Delivered Vacant. Copper Plumbing, Roof mostly upgraded recently. 21306–21310 E Arrow Highway, Covina, CA 91724 — a rare single-story layout multifamily investment opportunity located in the City of Covina. This is the first time this property offered for sale since 1975 (50 years). This value-add investment provides an excellent opportunity for savvy investors to increase the return to market level (over 8% CAP Rate – ALL tenants are month-to-month) and add several ADUs on the lot (buyer to verify). The property is strategically located on E Arrow Highway right across from the City of Glendora and at the border of City of San Dimas, and within blocks away from multiple shopping and dining (San Dimas Plaza, Glendora Public Market, etc.). Built in 1963, the property is a single-story garden-style apartment comprised of 16 units (spread over 4 fourplexes) totaling ±14,960 square feet which translates to a large average size per unit of ±935 sf (buyer to verify). It sits on a large ±34,878 square foot C4 zoned lot (±0.80 acre). Although the property address is on Arrow Hwy, the lot sits behind 2 commercial properties which create a barrier from traffic noise and create a more private setting for the tenants. It has 2 long driveways on each side to access the property. The property consists of four (4) x fourplexes and offers a superb unit mix of ALL 2bedroom+1bathroom units (Avg. size of 935 SF/unit - buyer to verify). It is currently fully occupied, and owner occupies 2 units (which will be delivered vacant). Two of the fourplexes (8 units) have a newer roof, each unit has laundry hookups, individual water heater and separately metered for electricity and gas. Each fourplex/building has six (6) parking spaces (garage/carport) making a total of 24 parking spaces. If the new owner only give 1 parking space to each unit, there are 8 extra parking spaces that can be easily converted into 4 new ADUS (buyer to verify). Recent CAPEX include plumbing upgrades to copper pipe in 2007.

21306 E Arrow, Covina

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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.