4810 N Vincent Ave - Apartments FOR SALE


Covina, CA 91722
$10,500,000 USD
626-695-6776
4810 N Vincent Ave, Covina, CA for Sale
$10,500,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

4810 N Vincent Ave
Covina, CA 91722


HIGHLIGHTS

  • Assumable Loan of $4,700,000, Payable at 3.49% Interest Rate, Fixed Until May 2027
  • Excellent San Gabriel Valley Location Near Interstate 10, 210, 57 & 605 Freeways
  • 35% Rental Upside
  • Two Bedroom Floor Plans
  • Potential to Build Eight ADUs
  • Located in Unincorporated Los Angeles County

OVERVIEW

Marcus & Millichap is proud to exclusively present the opportunity to acquire the Vincent Village Apartments, located at 4810 North Vincent Avenue in unincorporated Los Angeles County, California. The property offers a compelling financial advantage with an assumable loan of approximately $4,700,000 with Chase Bank, payable at a 3.49% fixed interest rate through May 2027. Constructed in 1984, this 38+2 unit multifamily investment is situated on a spacious 1.37-acre parcel with an approximate building size of 26,969 square feet. The property comprises thirty-eight two-bedroom/one bathroom units and two non-conforming studio/one-bathroom units. Select units feature laminate/tile flooring, granite or quartz countertops, dishwashers, and private patios or balconies. All apartments are equipped with wall A/C and heating units, gas ranges, and are individually metered for gas and electricity. Additional amenities include two central water heaters, copper plumbing, a gated entry, swimming pool, on-site laundry facility (leased), a manager’s office with bathroom, and a greenbelt area with the potential to build eight ADUs (see ADU summary on next page, buyer to verify) Parking accommodations consist of 41 carport spaces and 32 open parking spaces, along a concrete driveway. Unincorporated Los Angeles County is subject to its own rent control ordinance (buyer to verify). Vincent Village Apartments is ideally positioned in the San Gabriel Valley, offering seamless connectivity to Interstate 10, 210, 57, and 605 freeways, and within proximity to Downtown Los Angeles. The area is supported by convenient public transportation via the Covina and Baldwin Park Metrolink Stations, giving residents multiple commuting options for work, entertainment, and shopping. Adding to its appeal, the property is located near several reputable educational institutions, including Cedargrove Elementary School, Grovecenter Elementary, and Barranca Elementary School, all within a two-mile radius—enhancing its attractiveness to long-term family tenants. For higher education, nearby colleges include Azusa Pacific University, Citrus College, and Mt. San Antonio College, each offering robust academic programs and convenient access for student tenants or faculty members. Residents also benefit from close proximity to major retail and grocery amenities. Just minutes away are popular grocery destinations such as Superior Grocers, Vons, ALDI, and Stater Bros. Markets, making day-to-day errands effortless. For broader retail and lifestyle needs, the Plaza West Covina Mall—featuring a mix of department stores, restaurants, and entertainment options—is just a short drive from the property, offering a convenient shopping experience in a vibrant commercial corridor. Vincent Village Apartments presents a rare opportunity to acquire a well-located, stabilized multifamily asset with strong fundamentals, attractive assumable financing, and long-term growth potential in a high-demand rental market.

FOR SALE DETAILS

PRICE

$10,500,000 USD

PRICE/SF

$389 USD /SF

# OF UNITS

40

PRICE/UNIT

$262,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Vincent Village

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

73

LAND DETAILS

LAND ACRES

1.37 AC

LAND SF

59,677 SF

ZONING

R318UDP, County

APN/PARCEL ID

8410-012-026

ASK ABOUT THIS PROPERTY

Douglas McCauleyMarcus & MillichapMore Info
626-695-6776

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Douglas McCauleyMarcus & MillichapMore Info
626-695-6776

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