500 S 1st Avenue Covina, CA ^$ 1,875,000

500 S 1st Avenue

^$ 1,875,000

Back to search

Recently Listed

500 S 1st Avenue

Covina, CA, 91723

^$ 1,875,000

Studio Baths1.0 Sq 4,798

Monthly Estimate*

^$ 11,545

Listed by COLDWELL BANKER TOWN & COUNTRY

500 S 1st Avenue, Covina, CA 91723 - Image 1

500 S 1st Avenue, Covina, CA 91723 - Image 2

500 S 1st Avenue, Covina, CA 91723 - Image 3

500 S 1st Avenue, Covina, CA 91723 - Image 4

500 S 1st Avenue, Covina, CA 91723 - Image 5

500 S 1st Avenue, Covina, CA 91723 - Image 6

500 S 1st Avenue, Covina, CA 91723 - Image 7

500 S 1st Avenue, Covina, CA 91723 - Image 8

500 S 1st Avenue, Covina, CA 91723 - Image 9

500 S 1st Avenue, Covina, CA 91723 - Image 10

500 S 1st Avenue, Covina, CA 91723 - Image 11

500 S 1st Avenue, Covina, CA 91723 - Image 12

500 S 1st Avenue, Covina, CA 91723 - Image 13

500 S 1st Avenue, Covina, CA 91723 - Image 14

500 S 1st Avenue, Covina, CA 91723 - Image 15

500 S 1st Avenue, Covina, CA 91723 - Image 16

500 S 1st Avenue, Covina, CA 91723 - Image 17

500 S 1st Avenue, Covina, CA 91723 - Image 18

500 S 1st Avenue, Covina, CA 91723 - Image 19

500 S 1st Avenue, Covina, CA 91723 - Image 20

500 S 1st Avenue, Covina, CA 91723 - Image 21

500 S 1st Avenue, Covina, CA 91723 - Image 22

500 S 1st Avenue, Covina, CA 91723 - Image 23

500 S 1st Avenue, Covina, CA 91723 - Image 24

500 S 1st Avenue, Covina, CA 91723 - Image 25

500 S 1st Avenue, Covina, CA 91723 - Image 26

500 S 1st Avenue, Covina, CA 91723 - Image 27

500 S 1st Avenue, Covina, CA 91723 - Image 28

500 S 1st Avenue, Covina, CA 91723 - Image 29

500 S 1st Avenue, Covina, CA 91723 - Image 30

500 S 1st Avenue, Covina, CA 91723 - Image 31

500 S 1st Avenue, Covina, CA 91723 - Image 32

500 S 1st Avenue, Covina, CA 91723 - Image 33

500 S 1st Avenue, Covina, CA 91723 - Image 34

500 S 1st Avenue, Covina, CA 91723 - Image 35

500 S 1st Avenue, Covina, CA 91723 - Image 36

500 S 1st Avenue, Covina, CA 91723 - Image 37

500 S 1st Avenue, Covina, CA 91723 - Image 38

Studio

Multi-Family Home for sale in Covina, CA

for $1,875,000 with 1 full bath. This 4,798 square foot home was built in 1954 on a lot size of 0.366.

This 8-unit apartment building in Covina includes (2) 2-bedroom, 1-bath units and (6) 1-bedroom, 1-bath units. Each apartment has a large private yard, and two units feature spacious balconies. The property includes eight covered carports with storage cabinets and a shared on-site laundry facility. Three of the units have been recently updated. Additional improvements include upgraded electrical, fresh exterior paint, and newer windows. Located near downtown Covina and its shops, restaurants, and local amenities, with convenient access to the Covina Metrolink station, I-10, and SR-57, the property benefits from steady rental demand and consistent occupancy. This well-maintained building offers reliable cash flow and strong long-term investment potential.

Multi-Family Active

Price

^$ 1,875,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.366

Year Built

1954

Town/City

Covina

County/Region

Los Angeles

MLS | Web ID

CV26050368

Days on Market

Features

General

Sewer Public Sewer

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Garage Spaces 0

Pool Features None

Year Built 1954

Tenant Pays Electricity Gas

Stories Count 2

Levels Two

Property Subtype Apartment

Gross Income 151530

Community Features Sidewalks

County Los Angeles

Net Operating Income 76950

Operating Expense 70044

Insurance Expense 12050

New Construction false

Property Type Residential Income

MaintenanceExpense 3438

Garage Y/N false

Special Listing Conditions Probate Listing

Status Active

Directions Major cross street E Rowland St.

City Covina

Entry Location Front

Senior Community Y/N false

Number Of Units Total 8

MLS Area 614 - Covina

Lot Size Units Square Feet

Lot Size Square Feet 15945

Carport Spaces 8

Carport Y/N true

Number of Units Leased 7

Listing Terms Cash Conventional Submit

Spa Features None

Property Attached Y/N true

Land Lease Y/N false

Electric Expense 545

Fuel Expense 237.64

Trash Expense 5088

Water Sewer Expense 3711

Additional Parcels Y/N false

Rent Control Y/N false

Building Area Units Square Feet

Standard Status Active

Year Built Source Public Records

Tax Lot 10

Property Sub Type Additional Apartment

Taxes 23437

Cap Rate 4.1

Interior

Interior Amenities Ceiling Fan(s) High Ceilings Galley Kitchen

Flooring See Remarks

Fireplace Features Kitchen Living Room

Total Stories 2

Common Walls 2+ Common Walls

Air Conditioning Y/N true

Heating Y/N true

Fireplace Y/N true

Laundry Features Common Area Laundry Room

Entry Level 1

Exterior

Exterior Amenities Rain Gutters

Parking Features Carport

Lot Features 6-10 Units/Acre Back Yard Lawn

Water Source Public

Total Parking 8

Lot Size Area 15945

Number of Buildings 1

Spa false

Building Area Total 4798

Lot Size Acres 0.366

Private Pool false

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 9

Number of Separate Electric Meters 9

* Excluded Features

List By

Coldwell Banker Town & Country

Broker

ja.montielrealtor@gmail.com

Affordability Calculator

$11,545

Per Month

Monthly Principal & Interest: $11,545
Monthly Property Taxes: --
Monthly Home Insurance: --

Set your offer price

Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

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.

Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

THE TIME TO SELL IS NOW! What's my home worth?

Nearby

Trends
Schools

Multi-family listings in Covina, CA

Average List Price ^$2,325,000

Percent of Sale Price 24%

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.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/7/2026	$1,875,000		Listed Price

Map

More homes like this one

homes for you

See all

500 S 1st Avenue, Covina, CA, 91723 is a Multi-Family Home for sale at $1,875,000 with 4,798 sqft and a lot size of 0.366. 500 S 1st Avenue is a studio with 1.0 baths and was built in 1954. 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 Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 3/11/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

*Full Name

*Email

*Phone

I am interested in financing options

Get more info

By submitting the form, you agree that Weichert^® may contact you via phone or text about your inquiry, which may involve the use of automated means. You are not required to consent as a condition of purchasing any property, goods or services. For any other information please read our privacy policy.

Get more info

Looking for an Associate?

Already Working with an Associate?

500 S 1st Avenue

Multi-Family Home for sale in Covina, CA

Affordability Calculator

Map

More homes like this one

Get more info about this home