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 warm climate, friendly community, and rich history, Covina offers a perfect blend of suburban tranquility and urban convenience. With its picturesque tree-lined streets, vibrant downtown area, and an abundance of parks, Covina is an ideal place for families, professionals, and retirees alike.

The city boasts a diverse array of housing options, including the increasingly popular homes with apartment subtypes. These properties provide a unique opportunity for homeowners to enjoy the benefits of multi-family living while maintaining a sense of privacy and space. Whether you’re looking for a cozy duplex or a spacious triplex, Covina’s homes with apartment subtypes cater to a variety of lifestyles and investment opportunities.

Living in Covina means you’ll have access to an array of amenities, including excellent schools, shopping centers, and recreational facilities. The city is also well-connected to major highways and public transportation, making commuting to downtown Los Angeles and other surrounding areas a breeze.

With a rich cultural scene, including local festivals and community events, Covina fosters a strong sense of belonging among its residents. Whether you’re savoring a meal at one of the delightful local eateries or enjoying a weekend at the Covina Park, there’s always something to do.

Explore the charm and opportunities that await you in Covina, where the perfect home with an apartment subtype could be your next great investment!

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.