708 E Ruddock Street, Covina offers investors a compelling combination rarely found in Southern California multifamily: a 14-unit asset with no local rent control, central air conditioning, and a below market basis. Set on a quiet cul-de-sac in one of Covina's most established neighborhoods, this pride-of-ownership community sits on an expansive 34,279 square foot lot.The freedom from local rent control is significant. While many nearby submarkets cap owners' ability to push rents toward market, Covina gives ownership full flexibility to reposition the property as units turn, with only state level regulatory ceiling on the upside. Unit sizes stand out too, averaging over 1,000 square feet, well above the norm for this submarket. Six of the fourteen units are townhouse-style, offering a true two-story living experience that drives tenant loyalty and premium rents. Each unit also has its own individual water heater, keeping utility costs low and operations simple. Parking is another strength: 40 spaces across two-car garages, one-car garages, covered parking, and on-grade parking, well above typical ratios nearby. A gated entrance and quiet cul-de-sac setting round out the property's appeal and keep turnover low. The rent roll reflects a stable, well-run asset at 100% occupancy with many long-term tenants in place.Current rents span a wide range, from the $1,300s to nearly $2,200 for similarly configured units, pointing to clear upside as units turn.For investors seeking dependable in-place income paired with an easy to realize path to rent growth, 708 E Ruddock Street is the most compelling multifamily investment opportunity available in Covina today.
Duplex investment opportunity in Covina on an expansive approx. 18,986 SF lot. Both units are occupied by stable tenants, with a combined approx. 3,403 SF of living space. Originally built in 1954, Unit 449 features 3 bedrooms and 2 bathrooms across approx. 1,432 SF. Newly constructed in 2020, Unit 451 offers 3 bedrooms and 3 bathrooms with approx. 1,971 SF. The property includes a 4-car garage and ample additional parking. Convenient access to the 10 Freeway provides connections throughout the San Gabriel Valley, with shopping, dining, and everyday amenities in the surrounding area. The generous lot adds to the property’s long-term potential. Reported R3 zoning; buyer to verify zoning, permitted uses, and development potential with the City of Covina.
Villa Christina Apartments is a well-maintained, resort-style 78-unit multifamily community located in the Charter Oak neighborhood of Covina, in unincorporated Los Angeles County. Family owned and operated for 37 years, the property consists of four two-story buildings situated on 3.35 acres and offers a highly desirable mix of 49 two-bedroom/two-bath units and 29 three-bedroom/two-bath units. The community features a gated pool and spa, barbecue areas, ample on-site parking with 177 spaces, and a property-owned laundry facility. Approximately 68% of the units have received full interior upgrades,, or kitchen upgrades only, including stone countertops, custom cabinetry, and full appliance packages. Recent capital improvements include a comprehensive pool and spa renovation completed in 2024 and the replacement of Building B’s roof in 2026. The property is subject to the LA County Rent Stabilization Ordinance. There is the potential to add ADU's, buyer to further evaluate. Villa Christina presents a compelling value-add opportunity with 38% upside in current rents. Villa Christina offers a buyer a stabilized multifamily platform in the Charter Oak neighborhood of Covina with clear mark-to-market upside and long-term hold fundamentals.
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.
Covina Duplex Investment Opportunity! Exceptional opportunity to own a well-maintained duplex in one of Covina's most desirable neighborhoods, just walking distance to the popular Glendora Public Market. Conveniently located within the highly sought-after Charter Oak Unified School District, this income-producing property also offers easy access to shopping, dining, parks, and major freeways, making it an ideal investment in a prime location. The front unit features 4 bedrooms and 2 bathrooms, plus a versatile bonus room and a private enclosed patio, providing generous living space and added privacy. The rear unit, built in 2007, offers 3 bedrooms and 2 bathrooms, along with its own separate garage. Extensive renovations were completed in 2022, including a new roof, remodeled kitchen, updated primary bathroom, new flooring, recessed lighting throughout, and a brand-new HVAC system for the front unit, providing peace of mind for years to come. Each unit has separate gas and electric meters, helping minimize owner expenses.
This 1990-built, four-unit townhouse-style compound in the heart of Covinas high-demand rental corridor offers a rare blend of modern infrastructure and operational efficiency, making it a premier turnkey investment. Designed to streamline management, the property features full utility independence with separately metered gas and electricity for every unit. The unit mix consists of one (1) 3-bed/2-bath residence and three (3) 2-bed/2-bath residences, all outfitted with modern amenities including central air conditioning, gas ranges, dishwashers, garbage disposals, in-unit laundry hookups, and private wood-fenced patios. The property distinguishes itself from local competition with a robust parking configuration that combines attached and detached garages with dedicated on-site guest spaces. Situated on a massive 11,148 SF lot, the site also offers significant value-add potential for future development or ADU expansion, subject to buyer verification. Combining quality construction with efficient infrastructure, this high-performing asset is ideally positioned as a reliable, long-term anchor for any investment portfolio.
We are pleased to present for sale a 20-unit multifamily property situated at 19531 E Cienega Ave in Covina. This property offers investors the opportunity to acquire a pride-of-ownership, value-add real estate asset in the heart of the San Gabriel Valley. Constructed in 1988, the property features a favorable unit mix consisting entirely of large 2-bedroom, 2-bathroom units. The units total approximately 16,191 square feet on a spacious 0.94-acre lot. Each unit includes its own patio or balcony and is separately metered for gas and electricity, providing added convenience. The property boasts an onsite laundry facility, a swimming pool, and secure gated entries. Parking accommodations include ample carports and uncovered spaces on the large lot. The property has been well-maintained under long-term ownership for over 20 years with most units having been renovated. Current rents are more than 25% below market, presenting a clear path for income growth. Located in unincorporated Los Angeles County, the property falls under the county's rent stabilization ordinance. Additionally, there is potential for additional rental income by adding accessory dwelling units (ADUs), subject to verification by the buyer. Strategically positioned, 19531 E Cienega Ave offers convenient access to a multitude of amenities and attractions. The property is in close proximity to supermarkets, national retailers, restaurants, and schools, with easy access to major transportation arteries, including the 210 and 10 freeways and the Covina Metrolink Station. This sought-after location provides investors with the prospect of acquiring a lucrative multifamily asset poised to generate substantial cash flow while offering a hedge against inflation in the thriving city of Covina.
PROPERTY IS A PRIDE OF OWNERSHIP. 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. This 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.
Covina is located in California. Covina, California has a population of 51,061. Covina is more family-centric than the surrounding county with 31.19% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in Covina, California is $81,570. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Covina is 37.6 years.
The average high temperature in July is 87.9 degrees, with an average low temperature in January of 43.8 degrees. The average rainfall is approximately 18.3 inches per year, with 0 inches of snow per year.
