Description
This 8-unit apartment building in Covina includes (2) 2-bedroom, 1-bath units and (6) 1-bedroom, 1-bath units. Each apartment has a large private yard, and two units feature spacious balconies. The property includes eight covered carports with storage cabinets and a shared on-site laundry facility.
Three of the units have been recently updated. Additional improvements include upgraded electrical, fresh exterior paint, and newer windows.
Located near downtown Covina and its shops, restaurants, and local amenities, with convenient access to the Covina Metrolink station, I-10, and SR-57, the property benefits from steady rental demand and consistent occupancy. This well-maintained building offers reliable cash flow and strong long-term investment potential.
Address
Open on Google Maps- Address 500 S 1st Avenue
- City Covina
- State/county CA
- Zip/Postal Code 91723
- Country US
Details
Updated on March 9, 2026 at 1:22 am- Property ID: CV26050368
- Price: $1,875,000
- Property Size: 4798 Sqft
- Land Area: 0.366 Acres
- Garage Size: x x
- Year Built: 1954
- Property Type: Residential Income, Apartment
- Property Status: Active
Additional details
- Listing Terms: Cash, Conventional, Submit
- Sewer: Public Sewer
- Cooling: Wall/Window Unit(s)
- Heating: Wall Furnace
- Flooring: See Remarks
- County: Los Angeles
- Property Type: Residential Income
- Pool: None
- Parking: Carport
- Community Features: Sidewalks
