Covina Homes with Apartment Subtype

Welcome to Covina, California – a charming city nestled in the heart of Los Angeles County that beautifully blends suburban tranquility with urban convenience. Known for its rich history and vibrant community, Covina boasts a diverse array of amenities, making it an ideal place for families, young professionals, and retirees alike. With its picturesque tree-lined streets, inviting parks, and an array of shopping and dining options, Covina offers a welcoming atmosphere that feels like home.

For those considering a move to this delightful city, homes with an apartment subtype present an excellent opportunity. These properties not only provide comfortable living spaces for families but also offer the potential for rental income. Imagine residing in a beautiful home while having the option to lease out an apartment to help offset your mortgage or provide a cozy space for guests.

Covina is known for its excellent schools, making it a prime location for families focused on education. The city’s commitment to community events, such as farmers' markets and seasonal festivals, fosters a sense of belonging and connection among residents. With easy access to major freeways and public transportation, commuting to nearby cities like Los Angeles and Pasadena is a breeze, allowing you to enjoy the best of both worlds.

Whether you’re drawn to Covina for its community spirit, its beautiful homes with apartment options, or its convenient location, you’ll find that this city has something special to offer everyone. Come explore your future home in Covina, where comfort and opportunity await!

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

$1,480,000

WS26155918 MLS ⋅ Active Status

Proudly owned and meticulously maintained by the same owner since 1990, this exceptional multifamily investment reflects decades of dedicated ownership and care. Ideally located in the heart of Covina, the property offers convenient access to major freeways, shopping centers, restaurants, and everyday amenities, making it highly desirable for tenants. The property features a total of 10 bedrooms, 5 bathrooms, and 6 covered carport parking spaces. Over the past five years, ownership has completed significant capital improvements, including the replacement of the roof, boiler, and HVAC systems, minimizing future maintenance costs and providing peace of mind for a new owner. This is a rare opportunity to acquire a well-maintained income-producing asset with long-term pride of ownership, strong fundamentals, and an excellent location in one of Covina's established residential neighborhoods.

236 E Navilla, Covina

$5,150,000

CV26082699 MLS ⋅ Active Status

Located just a few blocks from downtown Covina, this property offers an excellent and highly desirable location. The property is in very good condition and has been well maintained, with units that are ready for immediate lease or rental. The community features a gated swimming pool for added safety and enjoyment, along with two contemporary garden-style buildings that provide a pleasant residential setting. An on-site property manager adds convenience and ensures smooth day-to-day operations.

445 W Front Street, 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.