254 W Dexter Covina, CA $ 3,995,000
254 W Dexter
$ 3,995,000
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254 W Dexter

Covina, CA, 91723
$ 3,995,000
Baths0.0 Sq 13,000

Monthly Estimate*

$ 24,598

Listed by MARK ANDERSEN & ASSOCIATES
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Studio

Multi-Family Home for sale in Covina, CA

for $3,995,000. This 13,000 square foot home was built in 1963 on a lot size of 0.3885.

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. Investment Highlights: Rare large-unit multifamily asset with predominantly 3-bedroom units; Fully occupied with stable tenancy Most units extensively upgraded; Attractive San Gabriel Valley location; Strong rental demand for family-sized units; Potential continued rental upside Desirable commuter access to employment centers throughout Los Angeles County; Carport parking amenity for tenants; Coin-operated laundry onsite for extra income.

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Multi-Family Active

Price

$ 3,995,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.3885

Year Built

1963

Town/City

Covina

County/Region

Los Angeles

MLS | Web ID

CV26112129

Days on Market

2

Features
General
Sewer Public Sewer
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Possession Close Of Escrow
Appliances Free-Standing Range Water Heater
HOA Fee 0
Garage Spaces 1
Pool Features Community
Security Features Carbon Monoxide Detector(s) Smoke Detector(s)
Year Built 1963
Tenant Pays Electricity Gas
View Neighborhood
Property Subtype Apartment
Gross Income 325418
Community Features Suburban Pool
County Los Angeles
Net Operating Income 233408
Operating Expense 88790
Insurance Expense 0
New Construction false
Property Type Residential Income
HOA false
MaintenanceExpense 27570
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions W/Citrus S/Badillo
City Covina
Entry Location 1
Senior Community Y/N false
Number Of Units Total 13
MLS Area 614 - Covina
Lot Size Units Square Feet
Lot Size Square Feet 16921
Carport Spaces 14
Carport Y/N true
Number of Units Leased 13
Listing Terms Cash Conventional
Spa Features None
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 2994
Fuel Expense 3954
Property Condition Updated/Remodeled
Trash Expense 9644
Water Sewer Expense 13294
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 8
Total Actual Rent 26839
Property Sub Type Additional Apartment
Cap Rate 5.76
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Interior
Interior Amenities Granite Counters
Flooring See Remarks
Fireplace Features None
Total Stories 2
Common Walls 2+ Common Walls
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features Common Area
Entry Level 1
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Exterior
Parking Features Carport
Lot Features Sprinklers In Front
Water Source Public
Total Parking 15
Lot Size Area 16921
Foundation Details Slab
Number of Buildings 2
Spa false
Building Area Total 13000
Lot Size Acres 0.3885
Private Pool false
Lot Size Source Assessor
Pool Charge 4622
Number of Separate Water Meters 1
Number of Separate Gas Meters 14
Number of Separate Electric Meters 14
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* Excluded Features
List By
Mark Andersen & Associates

Broker

Lauren@markandersEn.com

Email

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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
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/22/2026$3,995,000 Listed Price

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254 W Dexter, Covina, CA, 91723 is a Multi-Family Home for sale at $3,995,000 with 13,000 sqft and a lot size of 0.3885. 254 W Dexter is a studio with 0.0 baths and was built in 1963. The property's zip code is 91723 which is in Covina, CA