331 E Puente Covina, CA $ 1,299,900
331 E Puente
$ 1,299,900
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331 E Puente

Covina, CA, 91723
$ 1,299,900
Baths1.0 Sq 3,719

Monthly Estimate*

$ 8,110

Listed by CENTURY 21 CITRUS REALTY INC
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View a Virtual Tour
Studio

Multi-Family Home for sale in Covina, CA

for $1,299,900 with 1 full bath. This 3,719 square foot home was built in 1925 on a lot size of 0.2129.

Welcome to an exceptional 4-unit income property just moments from vibrant Downtown Covina! Perfectly positioned near local shops, dining, and transit, this well-maintained multi-unit gem offers both charm and incredible investment potential. The front Spanish-style home, built in 1925, features 1,044 sq ft of timeless character with laundry room, a private driveway, garage, and fenced yard—making it an ideal option for an owner-occupant or a desirable standalone rental. Tucked behind the main house are three additional units, built in 1964, each offering approximately 892 sq ft, 2 spacious bedrooms, 1 full bathroom. These units provide comfortable living with the convenience today’s renters value. Residents enjoy access to carports plus pre-assigned garage spaces, ensuring ample parking and storage options. With strong rental appeal, classic architectural charm, and a prime location near some of Covina’s best amenities, this property presents an incredible opportunity for investors or multi-generational living. Don’t miss your chance to own a rare, income-producing property with outstanding upside potential! Don't forget about the extra 3 car garage that can potentially turn into another ADU unit!

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Multi-Family Active

Price

$ 1,299,900

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.2129

Year Built

1925

Town/City

Covina

County/Region

Los Angeles

MLS | Web ID

CV25267378

Days on Market

18

Features
General
Sewer Public Sewer
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Possession Close Of Escrow
Roof Composition Flat Shingle
Appliances Gas Oven Refrigerator
HOA Fee 0
Garage Spaces 4
Architectural Style Spanish
Pool Features None
Security Features Carbon Monoxide Detector(s) Smoke Detector(s)
Construction Materials Drywall Concrete Stucco
Year Built 1925
Electric Electricity - On Property
Tenant Pays Electricity Gas
View Mountain(s)
Stories Count 2
Levels Two
Property Subtype Apartment
Gross Income 0
Community Features Curbs
County Los Angeles
Net Operating Income 76028.3
Operating Expense 15349
Insurance Expense 6052
New Construction false
Property Type Residential Income
HOA false
Contingency Sellers doing a 1031 exchange
Garage Y/N true
Other Structures Workshop
Special Listing Conditions Standard
Status Active
Directions Exit 10 fwy at Barranca and head north on Puente make a left. Property will be on the right hand side.
City Covina
Entry Location Front door
Senior Community Y/N false
Number Of Units Total 4
MLS Area 614 - Covina
Lot Size Units Square Feet
Lot Size Square Feet 9272
Carport Spaces 3
Carport Y/N true
Number of Units Leased 4
Listing Terms Cash Cash to New Loan Conventional FHA 203(k) FHA Fannie Mae VA Loan
Spa Features None
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 360
Current Financing Conventional
Property Condition Turnkey
Trash Expense 4017
Water Sewer Expense 1800
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 4
Virtual Tour https://youtube.com/shorts/lSiVp-V3qlk
Total Actual Rent 7614.8
Property Sub Type Additional Apartment
Cap Rate 5.8
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Interior
Interior Amenities Main Level Primary
Flooring Concrete Laminate Tile
Fireplace Features Living Room
Total Stories 2
Common Walls 2+ Common Walls End Unit
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N true
Laundry Features Inside Laundry Room
Entry Level 1
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Exterior
Exterior Amenities Rain Gutters
Fencing Average Condition Barbed Wire Wood
Parking Features Assigned Garage
Lot Features Front Yard Sprinklers In Front Sprinklers Timer Sprinklers On Side Sprinkler System
Water Source Public
Total Parking 7
Lot Size Area 9272
Foundation Details Raised Slab
Number of Buildings 2
Spa false
Building Area Total 3719
Lot Size Acres 0.2129
Road Surface Type Paved
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 4
Number of Separate Electric Meters 5
Road Frontage Type City Street
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* Excluded Features
List By
Century 21 Citrus Realty Inc

Broker

kevin@kevinfinleybroker.com

Email

Affordability Calculator

$8,110
Per Month
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Monthly Principal & Interest
$8,110
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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/2/2025$1,299,900 Listed Price

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331 E Puente, Covina, CA, 91723 is a Multi-Family Home for sale at $1,299,900 with 3,719 sqft and a lot size of 0.2129. 331 E Puente is a studio with 1.0 baths and was built in 1925. The property's zip code is 91723 which is in Covina, CA