254 W Dexter St - Apartments FOR SALE


Covina, CA 91723- Downtown Covina
$3,750,000 USD
626-967-2486
254 W Dexter St, Covina, CA for Sale
$3,750,000 USD
Apartments - FOR SALE
1/23
null | 5.16% Cap Rate

254 W Dexter St
Covina, CA 91723
Downtown Covina


HIGHLIGHTS

  • Rare multifamily asset with predominantly 3-bedroom units
  • Fully occupied with stable tenancy
  • Most units extensively upgraded
  • Attractive San Gabriel Valley Location

OVERVIEW

Property Overview: The property features 12 spacious 3-bedroom, 1.75-bathroom apartment homes and one studio unit, creating a highly attractive unit mix seldom available in the marketplace. The large floor plans appeal to a variety of households seeking affordable alternatives to single-family housing in the San Gabriel Valley. Most units have undergone interior upgrades, enhancing tenant appeal while reducing near-term capital expenditure requirements for a new owner. Improvements may include updated flooring, kitchens, bathrooms, fixtures, and interior finishes. The property benefits from consistent occupancy and strong tenant demand due to its central location within Covina, proximity to major transportation corridors, retail amenities, schools, and regional employment centers.

FOR SALE DETAILS

PRICE

$3,750,000 USD

PRICE/SF

$288 USD /SF

# OF UNITS

13

PRICE/UNIT

$288,462

CAP RATE

5.16%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,914 SF

ZONING

CVR3-RD125

APN/PARCEL ID

8444-010-018

ASK ABOUT THIS PROPERTY

Lauren DavisMark Andersen & AssociatesMore Info
626-967-2486

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Lauren DavisMark Andersen & AssociatesMore Info
626-967-2486

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.