500 S 1st Avenue, Covina, CA 91723
- $1,820,000
- Sold Price
- $1,820,000
- List Price
- $1,875,000
- Closing Date
- Apr 15, 2026
- Status
- CLOSED
- MLS#
- CV26050368
- Year Built
- 1954
- Lot Size
- 15,945
- Acres
- 0.37
- Lot Location
- 6-10 Units/Acre, Back Yard, Lawn
- Days on Market
- 13
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Two Levels
Property Description
This 8-unit apartment building in Covina includes (2) 2-bedroom, 1-bath units and (6) 1-bedroom, 1-bath units. Each apartment has a large private yard, and two units feature spacious balconies. The property includes eight covered carports with storage cabinets and a shared on-site laundry facility. Three of the units have been recently updated. Additional improvements include upgraded electrical, fresh exterior paint, and newer windows. Located near downtown Covina and its shops, restaurants, and local amenities, with convenient access to the Covina Metrolink station, I-10, and SR-57, the property benefits from steady rental demand and consistent occupancy. This well-maintained building offers reliable cash flow and strong long-term investment potential.
Additional Information
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Ceiling Fan(s), High Ceilings
- Attached Structure
- Attached
- Number Of Units Total
- 8
- Gross Scheduled Income
- $151,530
- Operating Expense
- 70044
Listing courtesy of Listing Agent: Javier Montiel (ja.montielrealtor@gmail.com) from Listing Office: COLDWELL BANKER TOWN & COUNTRY.
Listing sold by Kiran Dhillon from NONMEMBER MRML
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