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32817613
32817611

254 W Dexter, Covina, CA 91723

LD
CA 01245985
Mark Andersen Assoc
Listed by Mark Andersen Assoc
$3,995,000
19 days on market
Updated 11 days ago

Covina Multi-family - 3 bedroom, 1.75 bath units

Details
APN 8444010018
Property Type Multifamily
Sub Type Apartment Building
Square Footage 13,000
Units 13
Cap Rate 4.77%
NOI $190,367
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 5.18%
Pro-Forma NOI $206,869
Price per SqFt $307
Class B
Year Built 1953
Buildings 2
Stories 2
Acreage 0.389
Zoning Assessor

High demand units! (12) 3 bed/1.75 ba + 1 studio

Marketing description

The property features 12 spacious 3-bedroom, 1.75-bathroom apartment homes, and one studio unit, creating a highly attractive unit mix seldom available in the marketplace. The large floor plans appeal to a variety of households seeking affordable alternatives to single-family housing in the San Gabriel Valley. Most units have undergone interior upgrades, enhancing tenant appeal while reducing near-term capital expenditure requirements for a new owner. Improvements may include updated flooring, kitchens, bathrooms, fixtures, and interior finishes. The property benefits from consistent occupancy and strong tenant demand due to its central location within Covina, proximity to major transportation corridors, retail amenities, schools, and regional employment centers. Investment Highlights: Rare large-unit multifamily asset with predominantly 3-bedroom units; Fully occupied with stable tenancy Most units extensively upgraded; Attractive San Gabriel Valley location; Strong rental demand for family-sized units; Potential continued rental upside Desirable commuter access to employment centers throughout Los Angeles County; Carport parking amenity for tenants; Coin-operated laundry onsite for extra income.

Investment highlights

  • Rare large-unit multifamily asset with predominantly 3-bedroom units

  • Fully occupied with stable tenancy

  • Most units extensively upgraded

  • Attractive San Gabriel Valley location

  • Strong rental demand for family-sized units

  • Potential continued rental upside

  • Desirable commuter access to employment centers throughout Los Angeles County

  • Carport parking amenity for tenants

  • Coin-operated laundry onsite for extra income

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Listing Contacts

LD
CA 01245985
Mark Andersen Assoc
Listed by Mark Andersen Assoc

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$190,367.00
$15,863.92/mo

Valuation Metrics

0
DSCR
4.77%
Cap Rate
4.77%
ROI

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Additional Information

Name
Lauren Davis
License
01245985
Brokerage
Mark Andersen & Associates
Brokerage Phone
6269672486
Title
Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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