Properties
Covina, CA 91723 500 S 1st Avenue
$1,875,000
33 more
Presented By: Javier Montiel with COLDWELL BANKER TOWN & COUNTRY; 626-589-1221
Baths • 1
SQFT • 4,798
Home Details
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.
Presented By: Javier Montiel with COLDWELL BANKER TOWN & COUNTRY; 626-589-1221
Interior Features for 500 S 1st Avenue
Other Interior Features
Air Conditioning Y/NYes
Common Walls2+ Common Walls
Heating Y/NYes
Interior AmenitiesCeiling Fan(s), High Ceilings
Laundry FeaturesCommon Area, Laundry Room
Total Stories2
Other Rooms
Entry Level1
General for 500 S 1st Avenue
Additional Parcels Y/NNo
Building Area UnitsSquare Feet
Cap Rate4.1
Carport Spaces8
Carport Y/NYes
CityCovina
Community FeaturesSidewalks
ContingencyA notice of the proposed action must be mailed to all beneficiaries, who have 15 days to object. If no objections are received, escrow may close.
CoolingWall/Window Unit(s)
CountyLos Angeles
DirectionsMajor cross street E Rowland St.
Electric Expense545
Entry LocationFront
Fuel Expense237.64
Garage Spaces
Garage Y/NNo
Gross Income151530
HeatingWall Furnace
Insurance Expense12050
Land Lease Y/NNo
LevelsTwo
Listing TermsCash, Conventional, Submit
Lot Size Square Feet15945
Lot Size UnitsSquare Feet
MLS Area614 - Covina
MaintenanceExpense3438
Net Operating Income76950
New ConstructionNo
Number Of Units Total8
Number of Units Leased7
Operating Expense70044
Pool FeaturesNone
PostalCityCOVINA
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidential Income
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublic Sewer
Spa FeaturesNone
Special Listing ConditionsProbate Listing
Standard StatusActive Under Contract
StatusActive Under Contract
Stories Count2
Tax Lot10
Taxes$23,437
Tenant PaysElectricity, Gas
Trash Expense5088
Water Sewer Expense3711
Year Built1954
Year Built SourcePublic Records
Exterior for 500 S 1st Avenue
Building Area Total4798
Exterior AmenitiesRain Gutters
Lot Features6-10 Units/Acre, Back Yard, Lawn
Lot Size Acres0.366
Lot Size Area15945
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters9
Number of Separate Gas Meters9
Number of Separate Water Meters1
Parking FeaturesCarport
Private PoolNo
SpaNo
Total Parking8
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
