137 South 3rd Avenue Covina, CA ^$ 1,250,000

137 South 3rd Avenue

^$ 1,250,000

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137 South 3rd Avenue

Covina, CA, 91723

^$ 1,250,000

Studio Baths0.0 Sq 2,806

Monthly Estimate*

^$ 7,696

137 South 3rd Avenue, Covina, CA 91723 - Image 1

137 South 3rd Avenue, Covina, CA 91723 - Image 2

137 South 3rd Avenue, Covina, CA 91723 - Image 3

137 South 3rd Avenue, Covina, CA 91723 - Image 4

Studio

Multi-Family Home for sale in Covina, CA

for $1,250,000. This 2,806 square foot home was built in 1921 on a lot size of 0.23.

First time on market in over 20 years, this exceptional 4-unit income property near 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 home is a spacious 3 bedroom 2 bath perfect for owner occupant or a desirable standalone rental. Behind the main house are three spacious 1 bedroom units. Tenants each have their own single car garage plus pre-assigned spaces, ensuring ample parking and storage options. With strong rental appeal, and a prime location on a very desirable street 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! Plus the potential to add more income if you add an ADU!

Multi-Family Active

Price

^$ 1,250,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.23

Year Built

1921

Town/City

Covina

County/Region

Los Angeles

MLS | Web ID

0025629295

Features

General

Living Area 2806.0

Sewer Sewer Paid

Heating Wall Furnace

Zoning CVR3-RD1250*

Construction Materials Stucco

Year Built 1921

Tenant Pays Electricity Cable TV Gas

Levels One

County Los Angeles

Net Operating Income 58620.0

New Construction No

Property Type C

HOA No

Facing Direction South

Status Active

City Covina

Senior Community Y/N No

MLS Area 614 - Covina

Lot Size Units Square Feet

Lot Size Square Feet 10087.0

Property Attached Y/N Yes

Land Lease Y/N No

Additional Parcels Y/N No

Standard Status Active

Exterior

Fencing None

Parking Features Garage - Single Door

Lot Features Landscaped

Water Source None Public

Lot Size Area 10087.0

Foundation Details None

Pool Y/N? Yes

Building Area Total 2806.0

Lot Dimensions 59x173

Lot Size Acres 0.23

Lot Size Source Assessor

Land Lease Type Fee

Interior

Heater Fuel Type Natural Gas

Total Stories 1

Common Walls 1 Common Wall

Air Conditioning Y/N No

Heating Y/N Yes

Total Baths 0

* Excluded Features

List By

Cesar Garcia

Listing Agent

Exp Realty Of Greater Los Angeles

Broker

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$7,696

Per Month

Monthly Principal & Interest: $7,696
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% 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

Trends
Schools

Multi-family listings in Covina, CA

Average List Price ^$2,998,490

Percent of Sale Price 140%

About Covina, CA

49,063 Population

5% Since 2002

^$68,132 Median Income

37.47 Median Age

35% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
12/20/2025	$1,250,000		Listed Price

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137 South 3rd Avenue, Covina, CA, 91723 is a Multi-Family Home for sale at $1,250,000 with 2,806 sqft and a lot size of 0.23. 137 South 3rd Avenue is a studio with 0.0 baths and was built in 1921. The property's zip code is 91723 which is in Covina, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% 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.

Listing data provided courtesy of the Internet Data Exchange Program of the California Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 12/22/2025. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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137 South 3rd Avenue

Multi-Family Home for sale in Covina, CA

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