Apartment Building with Assigned
For Sale
$4,498,000
21306 E Arrow, Covina, CA 91724
The property includes wall-mounted units, a wall furnace, and assigned covered parking.
Property Size14,960 SF
Days on Market80
Property Features for 21306 E Arrow
General Information
Standard status
Active
Size
14,960 SF
Property subtype
Apartment
Building Details
Building Size
14,960 SF
Year Built
1963
Listing Agency:
Growth Investment Group Pasade
Listed By:
Handoko Chen · License #01749321
(626) 224-2495
Source:
Velocityrealtysd
Added: Jul 29
Changed: Oct 11
Last Checked: Oct 15 at 5:08AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Growth Investment Group Pasade
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Investment Insights
Based on property information with market context.
This apartment building at 21306 E Arrow in Covina, California, was constructed in 1963. Interior features include wall/window unit(s) and a wall furnace. The property also provides an attached carport with assigned parking.
Access is described from the 210 Freeway via the Sunflower Avenue exit, continuing south before turning left onto Arrow Highway. The property is located in Los Angeles County.
Access is described from the 210 Freeway via the Sunflower Avenue exit, continuing south before turning left onto Arrow Highway. The property is located in Los Angeles County.
Key Highlights
- 1963 construction year
- Attached carport with assigned parking
- Wall/window unit(s) listed among interior features
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$240,718
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,814,360
$4.8M
Cap Rate 7%
$3,438,829
$3.4M
Cap Rate 9%
$2,674,644
$2.7M
Market Conditions
NOI Build-Up for 14,960 SF
Gross rent
$475.7K $31.80/SF
− Vacancy
−$38.1K −$2.54/SF
EGI
$437.7K $29.26/SF
− OpEx
−$197.0K −$13.17/SF
NOI
$240.7K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,814,360
Cap Rate 7%
$3,438,829
Cap Rate 9%
$2,674,644
Alternative Uses
Best Use
Apartment 5plus
$3.44M
$3.01M – $4.01M
NOI $240,718 @ 7.0% cap · market cap 5.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.01M
$7.01M – $9.34M
NOI $560,667 @ 7.0% cap · market cap 12.46%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
798
Businesses Nearby
Explore this area
Business Placement
Demographics for 91724, CA
27,180
Population
9,372
Households
2.9
Avg Household Size
41
Median Age
36%
College-Educated
91%
High-School Grad
6.2 sq mi
ZIP Area
4,384
Density / Sq Mi
$102,129
Median Household Income
$49,276
Median Earnings
$2,056
Median Rent
$722,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - The property includes wall-mounted units, a wall furnace, and assigned covered parking.
Where is this apartment building located?
The property is located at 21306 E Arrow Covina, CA.
What is the asking price?
The asking price for this property is $4,498,000.
What are key features of this property?
This property features: 1963 construction year; Attached carport with assigned parking; Wall/window unit(s) listed among interior features
