Covina CA Multi Family for Sale
$2,200,000
1033 Cypress Street Covina, CA 91722
- Type:
- Cluster
- Sq.Ft.:
- 5,133
- Status:
- Active
- Beds:
- 9
- Lot size:
- 0.18 Acres
- Year built:
- 1963
- Baths:
- 9.00
- MLS#:
- 24459205
ADDITIONAL INFORMATION
We are pleased to present 1033 W Cypress St, a well-maintained 6-unit multifamily property in Covina, California. This prime investment opportunity offers stable tenancy in the sought-after Southern California rental market. Built in 1963, this two-story building features a desirable unit mix, including one studio, two 1-bedroom/1-bath units, and three 2-bedroom/1.5-bath units. The property offers amenities such as an on-site laundry facility, covered parking, and individual gas and electricity meters for each unit. Additionally, all units are equipped with wall-mounted air conditioning, and most have undergone significant upgrades. The property benefits from a solid tenant base, with current rents below market levels, providing great rental upside. With no local rent control in Covina, investors can capitalize on the ability to implement rent increases in line with California AB1482 guidelines. Strategically located, the property is across from Northview High School and within walking distance to other local schools. Tenants enjoy easy access to Covina's charming downtown, which offers a variety of restaurants, shops, and entertainment options. The property is also close to the Covina Metrolink station and major thoroughfares, including the 10 and 210 freeways, providing convenient commutes. This offering presents a rare opportunity to acquire a stable, income-producing asset with significant potential for rental growth and long-term appreciation in one of Southern California's resilient rental markets.
$2,200,000
Cypress St Covina, CA 91722
- Type:
- Other
- Sq.Ft.:
- 5,133
- Status:
- Active
- Beds:
- 9
- Lot size:
- 0.18 Acres
- Year built:
- 1963
- Baths:
- 9.00
- MLS#:
- 24-459205
ADDITIONAL INFORMATION
We are pleased to present 1033 W Cypress St, a well-maintained 6-unit multifamily property in Covina, California. This prime investment opportunity offers stable tenancy in the sought-after Southern California rental market. Built in 1963, this two-story building features a desirable unit mix, including one studio, two 1-bedroom/1-bath units, and three 2-bedroom/1.5-bath units. The property offers amenities such as an on-site laundry facility, covered parking, and individual gas and electricity meters for each unit. Additionally, all units are equipped with wall-mounted air conditioning, and most have undergone significant upgrades. The property benefits from a solid tenant base, with current rents below market levels, providing great rental upside. With no local rent control in Covina, investors can capitalize on the ability to implement rent increases in line with California AB1482 guidelines. Strategically located, the property is across from Northview High School and within walking distance to other local schools. Tenants enjoy easy access to Covina's charming downtown, which offers a variety of restaurants, shops, and entertainment options. The property is also close to the Covina Metrolink station and major thoroughfares, including the 10 and 210 freeways, providing convenient commutes. This offering presents a rare opportunity to acquire a stable, income-producing asset with significant potential for rental growth and long-term appreciation in one of Southern California's resilient rental markets.
$3,288,000
19529 Cypress Street Covina, CA 91724
- Type:
- Apartment
- Sq.Ft.:
- 9,207
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.37 Acres
- Year built:
- 1984
- Baths:
- MLS#:
- CV24217987
ADDITIONAL INFORMATION
THE EXISTING ASSUMABLE LOAN FIXED at 3.07% Until October 2026 We are pleased to exclusively present the opportunity to acquire Cypress Villa, located at 19529 East Cypress Street in unincorporated Los Angeles County, California. Cypress Villa is conveniently located near the signalized intersection of East Cypress Street and Grand Avenue. Constructed in 1984, the 11-unit multifamily investment property is situated on a 16,419 square feet rectangular parcel with a building area of 9,207 square feet. The property consists of eleven two-bedroom/one-bathroom floor plans and features an on-site laundry room, copper plumbing, central water heater, and central air conditioning and heating. For parking, there are eleven tuck-under parking spaces with storage units, six carport parking spaces, and five open space parking spaces (Two parking spaces per unit). The majority of windows have been upgraded with new dual-pane windows. Selected kitchens and bathrooms were recently renovated. All units are individually metered for gas and electricity. Unincorporated Los Angeles County has their own rent control (Buyer to verify). Cypress Villa is ideally situated with easy access to Interstate 210, 10 and CA 57 freeways. With its central location and proximity to Downtown Los Angeles, the city is well served by the Metrolink Covina Station, providing its residents with many alternative ways of traveling to work, dining, shopping, and other amenities. With a very walkable score of 74 out of 100, the apartment building is within walking distance of several outdoor shopping malls with major department and grocery stores including Stater Bros Markets, Dollar Tree, and Vons. In addition, there are multiple private and public schools within a two-mile radius of the subject property such as Cedargrove Elementary School, Sonrise Christrian School, Royal Oak Middle School, and Charter Oak High School, thus attracting valuable long-term tenants. Residents can also enjoy a quick walk to Kahler Russell Park, that offers basketball and tennis courts, sports fields, playground, walking trails and more. Last but not least, the Via Verde Country Club is just a six-minute drive east of the offering. Nestled amongst the rolling Via Verde Hills, this private country club offers a picturesque view of the San Gabriel Mountains and captures the spirit of the community through exceptional golf, outstanding events, a warm atmosphere and panoramic views of Southern California.
$1,850,000
323 Center Street Covina, CA 91723
- Type:
- Fourplex
- Sq.Ft.:
- 4,066
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.2 Acres
- Year built:
- 1992
- Baths:
- MLS#:
- CV24209764
ADDITIONAL INFORMATION
***SELLER FINANCING AVAILABLE*** Wonderful Opportunity for Investor to Acquire Pride of Ownership Property! Built in 1992 and Featuring 2 - 2 Bedroom, 2 Bath Units and 2 - 2 Bedroom, 1 Bath Units, All with 2 Car Garages & Automatic Roll-up Doors! Each Unit Includes Large Living Room, Dining Area and Spacious Kitchens Complete with Stoves, Dishwashers, Microwaves & Garbage Disposals! Central Heat & Air Conditioning, Coin Laundry Room, Newer Water Heaters & Kitchen Faucets! Newer Whitewash Oak Laminate Flooring! All Units Include Dual Pane Windows, Balconies or Rear Yard Patios, Window Treatments & Mirrored Wardrobe Doors! The Property is Professionally Landscaped with Block Walls, Wrought Iron Gates & Automatic Sprinklers! Pitched Tile Roofs, Fire Sprinkler System, Rain Gutters, New Front Concrete Driveway and Individually Metered for Gas & Electricity! Excellent Location and Within Walking Distance of Downtown Covina, Restaurants, Entertainment, Hospital, the Metrolink Station, Schools, Parks, Churches, Shopping and More!!!
$1,100,000
5128 Glendora Avenue Covina, CA 91724
- Type:
- Duplex
- Sq.Ft.:
- 2,179
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.23 Acres
- Year built:
- 1955
- Baths:
- MLS#:
- WS24203680
ADDITIONAL INFORMATION
Great large lot with two houses, 9951 sq ft. Perfect for those looking for a residential income or large families that want to live together on the property. Front house has 2 bedrooms and 1 bath, and the back house has 3 bedrooms and 2 bath. Property has a long driveway leading to the carport in the back able to fit four cars, and many more along the driveway. Also has a metal gate to keep the house private. House conveniently located near the major streets, Arrow Hwy and Grand Ave.
$6,588,000
19531 Cienega Avenue Covina, CA 91724
- Type:
- Cluster
- Sq.Ft.:
- 16,191
- Status:
- Active
- Beds:
- 40
- Lot size:
- 0.94 Acres
- Year built:
- 1988
- Baths:
- 40.00
- MLS#:
- 24433699
ADDITIONAL INFORMATION
Price improvement motivated seller bring all offers. We are pleased to present for sale a 20-unit multifamily property situated at 19531 E Cienega Ave in Covina. This property offers investors the opportunity to acquire a pride-of-ownership, value-add real estate asset in the heart of the San Gabriel Valley. Constructed in 1988, the property features a favorable unit mix consisting entirely of large 2-bedroom, 2-bathroom units. The units total approximately 16,191 square feet on a spacious 0.94-acre lot. Each unit includes its own patio or balcony and is separately metered for gas and electricity, providing added convenience. The property boasts an onsite laundry facility, a swimming pool, and secure gated entries. Parking accommodations include ample carports and uncovered spaces on the large lot. Offered on the market for the first time in over 20 years, the majority of the units have been renovated by the owner. Current rents are significantly below market, providing over 25% upside on rents. Additionally, there is potential for extra rental income by adding accessory dwelling units (ADU), subject to verification by the buyer. Strategically positioned, 19531 E Cienega Ave offers convenient access to a multitude of amenities and attractions. The property is located in close proximity to supermarkets, national retailers, restaurants, and schools, with easy access to major transportation arteries, including the 210 and 10 freeways and the Covina Metrolink Station. This sought-after location provides investors with the prospect of acquiring a lucrative multifamily asset poised to generate substantial cash flow while offering a hedge against inflation in the thriving city of Covina.
$1,695,000
211 Center Street Covina, CA 91723
- Type:
- Apartment
- Sq.Ft.:
- 4,152
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.24 Acres
- Year built:
- 1962
- Baths:
- MLS#:
- CV24166646
ADDITIONAL INFORMATION
THE SELLER WILL FINANCE THE PROPERTY. We are pleased to exclusively present the opportunity to acquire 211 East Center Street, a 6-unit multifamily investment property located in the heart of Covina, California. The property is conveniently situated on the northeast corner of East Center Street and South Second Avenue, a quick three-minute walk to Downtown Covina. Constructed in 1962, the property is situated on a 10,504 square feet parcel with a total building area of 4,152 square feet. The single-story property consists of three separate buildings with six one-bedroom/one-bathroom floor plans. The buildings offer two enclosed carports in the front, six single-car garages with new garage doors accessible via rear alley, an on-site laundry room, and new external electrical panels. The selected unit has been renovated with laminated hardwood flooring and freshly painted interiors. All units are individually metered for gas and electricity, and all units have individual hot water heaters. The offering is ideally located in a stable residential neighborhood just a mile north of Interstate 10 Freeway, providing residents with easy access to cities in San Gabriel Valley and Inland Empire. The property has convenient access to major retail and department stores such as Target, IKEA, Sprouts, Office Depot, and Marshalls. Multiple schools are within a one-mile radius of the subject property, including Cypress Elementary School, Sierra Vista Middle School, and Covina High School, attracting long-term residents. The Covina-Valley Unified School District was recently presented with the California Gold Ribbon Schools Award, ranked the Best Elementary Schools by U.S. News and World Report, and awarded the Golden Bell Winner by the California School Boards Association. For higher education, both Mt. San Antonio College and California State Polytechnic University are a short ten-minutes’ drive away from the subject property. Ranked the top 3% of community colleges in the country, Mt. San Antonio College is a public community college that offers more than 400 degree and certificate programs, 36 support programs, and more than 50 student clubs and athletic programs. Situated on more than 1,700 acres of land, Cal Poly Pomona is one of three polytechnic universities in the California State University system devoted primarily to the instruction of technical arts and applied sciences.
$1,750,000
211 E Center Street Covina, CA 91723
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.24 Acres
- Year built:
- 1962
- Baths:
- MLS#:
- CRCV24166646
View additional info
Courtesy: MARCUS & MILLICHAP
ADDITIONAL INFORMATION
THE SELLER WILL FINANCE THE PROPERTY. We are pleased to exclusively present the opportunity to acquire 211 East Center Street, a 6-unit multifamily investment property located in the heart of Covina, California. The property is conveniently situated on the northeast corner of East Center Street and South Second Avenue, a quick three-minute walk to Downtown Covina. Constructed in 1962, the property is situated on a 10,504 square feet parcel with a total building area of 4,152 square feet. The single-story property consists of three separate buildings with six one-bedroom/one-bathroom floor plans. The buildings offer two enclosed carports in the front, six single-car garages with new garage doors accessible via rear alley, an on-site laundry room, and new external electrical panels. The selected unit has been renovated with laminated hardwood flooring and freshly painted interiors. All units are individually metered for gas and electricity, and all units have individual hot water heaters. The offering is ideally located in a stable residential neighborhood just a mile north of Interstate 10 Freeway, providing residents with easy access to cities in San Gabriel Valley and Inland Empire. The property has convenient access to major retail and department stores such as Target, IKEA, Sp
$748,000
336 Front Street Covina, CA 91723
- Type:
- Triplex
- Sq.Ft.:
- 1,749
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.18 Acres
- Year built:
- 1909
- Baths:
- MLS#:
- CV24142221
ADDITIONAL INFORMATION
Wonderful Investment Property Opportunity! Three units. Property consists of front unit that features 2 bedrooms and 1 bathroom and gated driveway, 2 back units are 1 bedroom and 1 bathroom and are accessed off back alley with shared driveway. Close to downtown Covina and freeway accessible. Being sold "as is".
$6,880,000
826 Barranca Avenue Covina, CA 91723
- Type:
- Apartment
- Sq.Ft.:
- 22,820
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 1.03 Acres
- Year built:
- 1961
- Baths:
- MLS#:
- TR24074689
ADDITIONAL INFORMATION
***PRICE IMPROVED*** We are pleased to present the rare opportunity to acquire a garden style 24-unit multi-family investment in Covina, California. Located at 826 North Barranca Avenue, the subject property is part of the portfolio of The Bahamas Apartment. This multi-family Asset is in a market with solid demographics and unique accessibility to major employment hubs, easy to access freeway I-10 and I-210, close to downtown Covina. The property is within minutes to essential city frequented locations—Costco, Walmart Supercenter, Home Depot, Plaza West Covina, Ikea, Azusa Pacific University, Citrus College, Cal Poly Pomona, and Kaiser Permanente Baldwin Park Medical Center. The spacious unit mix consists of studio, one-bedroom, Two-bedroom and Four-bedroom units with large floor plan, patio, Central AC. This property portfolio offers value-add opportunity for investors to invest in a prime asset with well-maintained condition. Two Units are nonconforming units (1 Studio and 1 one becroom unit). Investor has opportunity to legalize those unit and potentially add ADU. Buyer to verify. Ideal for exchange with potential upside on rent. The property will be delivered free and clear.
$1,150,000
18427 E Cypress Street Covina, CA 91723
- Type:
- Duplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 5
- Lot size:
- 0.27 Acres
- Year built:
- 1940
- Baths:
- MLS#:
- CRAR23172044
View additional info
Courtesy: Boulder Realty Inc
ADDITIONAL INFORMATION
Rare opportunity to own this charming two-unit property in the heart of Covina. This property is near by the Covina’s local farmer’s market, restaurants, entertainment options, and shopping destinations. Both units are currently leased with tenant occupied. The front unit is a two bed one bath with upgraded kitchen, dual pane windows, laminate flooring and has its own indoor laundry area. The back house is a three bed two bath with an upgraded kitchen. Concrete driveway throughout the property with plenty of parking space. Three car garage offer a potential ADU opportunity for the new owner, Agent and potential buyer will need to verify with the Los Angeles County or local authorities to confirm.
Based on information from Combined LA/Westside Multiple Listing Service, Inc. as of {{last updated}}. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Covina Real Estate
The median home value in Covina, CA is $738,240. This is lower than the county median home value of $796,100. The national median home value is $338,100. The average price of homes sold in Covina, CA is $738,240. Approximately 55.56% of Covina homes are owned, compared to 40.91% rented, while 3.53% are vacant. Covina real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Covina real estate agent to arrange a tour today!
Covina, California has a population of 51,061. Covina is more family-centric than the surrounding county with 31.19% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in Covina, California is $81,570. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Covina is 37.6 years.
Covina Weather
The average high temperature in July is 87.9 degrees, with an average low temperature in January of 43.8 degrees. The average rainfall is approximately 18.3 inches per year, with 0 inches of snow per year.