1831 E Grovecenter St - Apartments FOR SALE


West Covina, CA 91791 | 
$11,980,000 USD
626-407-7701
1831 E Grovecenter St, West Covina, CA for Sale
$11,980,000 USD
Apartments - FOR SALE
1/13
null | 5.49% Cap Rate

1831 E Grovecenter St
West Covina, CA 91791


HIGHLIGHTS

  • 2-bedroom and 3-bedroom Units , 2 Stories Townhouse Style
  • ADU Conversion Potential
  • Condo Conversion Opportunity
  • Renovation in Selected Units
  • Cul-de-sac
  • Strong Demand Rental Markets

OVERVIEW

**ALL PHOTOS ARE RENDERINGS AND ENHANCED FOR MARKETING PURPOSES ONLY. ACTUAL PROPERTY APPEARANCE, COLORS, MATERIALS, LANDSCAPING, AND FINISHES MAY VARY.** 1831 E Grovecenter Street presents investors with the opportunity to acquire Grovecenter Apartments, a 32-unit, two-story multifamily community located in West Covina, California. The property features a rare and highly desirable larger-unit mix, consisting primarily of spacious two-bedroom and three-bedroom townhome-style floor plans, plus one larger four-bedroom unit. The asset is situated on a low-density garden-style site with multiple residential buildings, private patios, on-site laundry, and resident parking, creating a strong residential feel that appeals to families, roommates, and long-term workforce renters. Located in the heart of the San Gabriel Valley, the property benefits from convenient access to Interstate 10, neighborhood retail, schools, employment centers, and regional transportation corridors connecting Los Angeles County, Orange County, and the Inland Empire. With its larger floor plans, townhome-style layouts, established tenant appeal, and potential value-add upside, 1831 E Grovecenter Street offers investors a durable Southern California multifamily investment with both current income potential and long-term value creation opportunities.

FOR SALE DETAILS

PRICE

$11,980,000 USD

PRICE/SF

$367 USD /SF

# OF UNITS

32

PRICE/UNIT

$374,375

CAP RATE

5.49%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Grovecenter Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

51

LAND DETAILS

LAND ACRES

1.23 AC

LAND SF

53,378 SF

ZONING

R3-MF20, West Covina

APN/PARCEL ID

8443-001-022

ASK ABOUT THIS PROPERTY

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626-407-7701

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626-407-7701

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