Covina Homes with Apartment Subtype

Covina Homes with Apartment Subtype

Located in the heart of Los Angeles County, Covina is a vibrant city in the state of California. Known for its close-knit community and picturesque neighborhoods, Covina offers a charming suburban lifestyle with easy access to all the amenities of a big city.

Covina is a popular choice for homebuyers due to its diverse range of housing options, including homes with the apartment subtype. These properties are perfect for those looking for additional rental income or for multi-generational families who desire separate living spaces under one roof.

Homes with the apartment subtype in Covina provide a unique opportunity for homeowners to maximize their investment. Whether you're looking for a property with a separate guest suite, a basement apartment, or a detached unit, Covina has a variety of options to suit your needs. These homes often feature separate entrances, kitchens, and living areas, providing privacy and flexibility for both homeowners and tenants.

Living in a home with the apartment subtype in Covina also offers the advantage of a tight-knit community. Residents can enjoy the benefits of friendly neighbors, well-maintained streets, and a strong sense of community pride. Covina is home to excellent schools, beautiful parks, and a vibrant downtown area with a variety of shops, restaurants, and entertainment options.

If you're looking for a home with the apartment subtype in a welcoming community, Covina is an excellent choice. With its convenient location in Los Angeles County and a wide range of housing options, Covina has something to offer for everyone.

Newest Covina Homes with Apartment Subtype

21306 E Arrow, Covina
$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.

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