Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    149 S Bandy Ave West Covina, CA 91790

    View on Map
    Sponsored
    For Sale
    $2,915,000

    Apartment - West Covina, CA

    Type:Apartment
    Property size:
    8,026 SF
    Lot size:
    10,711.00 Acres
    Days on Market:
    4
    Last Refresh:
    Mar 20 at 10:06 am

    Property Features for 149 S Bandy Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Standard status
    Active
    Zoning
    WCR3
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    Bathrooms
    4
    APN
    8476010012
    Parking
    11
    Exterior features
    Community Features Included: Park, Lot 10000-19999 Sqft
    Size
    8,026 SF
    Lot size
    10,711.00 Acres

    Utilities

    Cooling system
    Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1961
    Floors in Building
    2
    Number of units
    11
    Architectural style
    Other

    We can help!

    Listing Contact
    Jo Lin

    IRN Realty (626) 447-5100

    Listing agent Jo Lin (626) 447-5100 License #02072996

    Listing date Mar 17, 2026

    MLS# WS26058434 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    West Covina Multifamily Investment Opportunity

    Located in West Covina, California, this multifamily property at 149 South Bandy Avenue features 11 units. Constructed in 1961, this garden-style community is situated on a 10,710-square-foot lot and includes approximately 8,026 rentable square feet. The unit mix consists of six one-bedroom/one-bathroom units, four two-bedroom/one-bathroom units, and a three-bedroom/two-bathroom cottage. All units are individually metered for gas and electricity. Several units have been modernized with contemporary flooring, new kitchen cabinetry, and granite countertops. Residents have access to an on-site laundry facility and wall air-conditioning. The property provides 11 dedicated parking spaces, supplemented by street parking, and includes a private storage room for the owner's use. The property is located near Plaza West Covina and Edwards Theatre and is 0.6 miles from the Interstate 10 Vincent Avenue exit and 3.4 miles from the Covina Metrolink Station. Its location near West Covina High School, Mt. San Antonio College, and Cal Poly Pomona serves a diverse tenant base. This property is located in one of the San Gabriel Valley’s rental markets.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    West Covina
    County
    Los Angeles
    State
    California
    Longitude
    -117.9207644
    Latitude
    34.0701664

    Nearby Similar for Sale

    • $1,280,000
      2,364 SF

      West Covina Duplex with City Views

      Charming duplex ideal for multi-generational living or rental income.
      2301 Cravath Ct, West Covina, CA 91792
      View Details
    • $1,880,000
      7,680 SF

      West Covina Commercial Property For Sale

      Commercial building in high-traffic area near West Covina Courthouse.
      666 S Sunset Ave, West Covina, CA 91790
      View Details
    • Contact for pricing

      New Retail/Restaurant Space Available

      First generation retail/restaurant space in Downtown West Covina.
      301 S Glendora Ave, West Covina, CA 91790
      View Details
    • $1,399,000

      West Covina Office Building

      Office building near 10 Fwy with 18 parking spaces.
      2222 W Garvey Ave S, West Covina, CA 91790
      View Details
    • $2,250,000

      Retail Building For Sale

      Retail building suitable for retail, office, medical, or dental.
      330 S Vincent Ave, West Covina, CA 91790
      View Details
    • $15,025,000

      Medical Office Building Near Hospital

      Standalone medical office near Interstate 10 and Emanate Health Hospital.
      1500 West Covina Pkwy, West Covina, CA 91790
      View Details
    • Contact for pricing

      Grocery Anchored Retail Opportunity

      Retail space in a high-traffic, grocery-anchored shopping center.
      1027-1047 E Amar Rd, West Covina, CA 91792
      View Details
    • $1,399,000

      West Covina Office Building

      Office building near 10 Fwy with 16 rooms.
      2222 W Garvey Ave S, West Covina, CA 91790
      View Details
    • $2,249,000

      Veterinary Practice with Real Estate

      Established veterinary practice and real estate in West Covina.
      1823 W San Bernardino Rd, West Covina, CA 91790
      View Details
    • Contact for pricing

      Medical/Professional Office Suites For Lease

      Medical/professional office suites with great access and parking.
      933-935 S Sunset Ave, West Covina, CA 91790
      View Details
    • $1,490,000

      West Covina Four-Unit Townhouses

      Four spacious units with updated kitchens and private outdoor spaces.
      1722 E Natalie Ave, West Covina, CA 91792
      View Details

    FAQs

    What type of property is this?
    Apartment building - Eleven-unit multifamily property in West Covina with cash flow potential.
    Where is this apartment building located?
    The property is located at 149 S Bandy Ave West Covina, CA.
    What is the asking price?
    The asking price for this property is $2,915,000.
    What are key features of this property?
    This property features: - Prime 11-unit multifamily asset in West Covina location.; - Desirable unit mix: featuring six 1-bed/1-bath, four 2-bed/1-bath, and one 3-bed/2-bath cottage.; - Individually metered for gas and electricity.
    (626) 345-8110
    Request Owner's contact information
    149 S Bandy Ave West Covina, CA 91790
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    149 S Bandy Ave
    West Covina, CA 91790
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    149 S Bandy Ave West Covina, CA 91790
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jo Lin
    Real Estate License ID: 02072996
    (626) 345-8110 (626) 447-5100
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!