Apartment Building with Assigned
New
For Sale
$4,498,000
21306 E Arrow, Covina, CA 91724
The property includes wall-mounted units, a wall furnace, and assigned covered parking.
Days on Market6
Property Features for 21306 E Arrow
General Information
Standard status
Active
Total Parking Spaces
24
Property subtype
Residential Income
Net Operating Income
$182,180
Amenities
Park
Wall/Window Unit(s)
Wall Furnace
Attached Carport, Assigned
Building Details
Building Size
14,960 SF
Year Built
1963
Buildings
4
Stories
1
Listing Agency:
Growth Investment Group
(626) 224-2495
Listed By:
Handoko Chen · License #01749321
(626) 224-2495
Source:
Evrealestate
Added: Jul 29
Changed: Aug 2
Last Checked: Aug 2 at 5:48AM
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
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 For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $475.7k | $31.80 |
| − Vacancy | −$38.1k | −$2.54 |
| EGI | $437.7k | $29.26 |
| − OpEx | −$197.0k | −$13.17 |
| NOI | $240.7k | $16.09 |
14,960 SF · lease $31.80/SF/yr · vacancy 8.00% · expense 45.00%
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.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
777
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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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
