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Travis Breton

travisbreton@gmail.com +1(760) 470-2752

Listed by Handoko Chen, DRE #01749321 • Growth Investment Group Pasade

$ 4,498,000

Est. payment | -/mo

0.8 Acres Lot

Save

$ 4,498,000

Est. payment | -/mo

Save

0.8 Acres Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRAR26165785

Year Built 1963

Lot Size 0.801 Acres

Source California Regional MLS

Property Description

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 co

Location

State CA

County Los Angeles

Area 614 - Covina

Interior

Heating Wall Furnace

Cooling Window / Wall Unit

Flooring Laminate

Laundry Gas Hookup, 30, Washer/Dryer - Owned

Exterior

Parking Features Assigned Spaces, Carport

Garage Spaces 24.0

Pool 31, None

View None

Roof Type Shingle

Building

Lot Description Grade - Level

Story One Story

Foundation Concrete Slab

Water District - Public

Others

Tax ID 8401021060

Special Listing Condition Not Applicable

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(760) 470-2752

travisbreton@gmail.com

1902 Wright Place #200, Carlsbad, CA 92008, USA

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21306 E Arrow Covina, CA 91724