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3108008221
Real Estate Company
254 W Dexter, Covina, CA 91723
- $3,390,000
- Sold Price
- $3,390,000
- List Price
- $3,750,000
- Closing Date
- Jul 13, 2026
- Status
- CLOSED
- MLS#
- CV26112129
- Year Built
- 1963
- Lot Size
- 16,921
- Acres
- 0.39
- Lot Location
- Sprinklers In Front
- Days on Market
- 34
- Property Type
- Multifamily
- Property Sub Type
- Apartment
Property 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.
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Additional Information
- Appliances
- Free-Standing Range, Water Heater
- Pool Description
- Community
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- View
- Neighborhood
- Garage Spaces Total
- 1
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Granite Counters
- Attached Structure
- Attached
- Number Of Units Total
- 13
- Gross Scheduled Income
- $325,418
- Operating Expense
- 128590
Listing courtesy of Listing Agent: Lauren Davis (Lauren@markandersEn.com) from Listing Office: MARK ANDERSEN & ASSOCIATES.
Listing sold by Justino Faaola from COMPASS
Mortgage Calculator
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.