4-Unit Townhouse-Style
For Sale
$1,788,000
219 W Puente St, Covina, CA 91723
Four residences combine private patios, individual utility metering, and a mix of attached and detached garage parking.
Property Size4,640 SF
Lot Size0.26 Acres
Price / SF$385.34
Days on Market12
Property Features for 219 W Puente St
General Information
Standard status
Active
Size
4,640 SF
Lot size
0.26 Acres
Property subtype
Income
Units
Unit Mix
1 x 3BR/2BA, 3 x 2BR/2BA
Multifamily Units
4
Individually Metered Utilities
gas, electricity
Amenities
central air conditioning
gas ranges
dishwashers
garbage disposals
in-unit laundry hookups
private wood-fenced patios
Building Details
Year Built
1990
Construction
townhouse-style
Listing Agency:
eXp Realty of Greater Los Angeles
Listed By:
Ting Zhou
Source:
Forwardinglewood
Added: Oct 19
Changed: Oct 28
Last Checked: Oct 28 at 4:46PM
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 eXp Realty of Greater Los Angeles
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Investment Insights
Based on property information with market context.
Built in 1990, this 4,640-square-foot quadplex contains four townhouse-style residences on an 11,148-SF lot. The unit mix includes one 3-bedroom, 2-bathroom home and three 2-bedroom, 2-bathroom homes. Each residence has central air conditioning, a gas range, dishwasher, garbage disposal, laundry hookups, and a private wood-fenced patio.
Gas and electricity are separately metered for each unit. Parking includes attached and detached garages as well as dedicated guest spaces. The property is located at 219 W Puente St in Covina, California.
Gas and electricity are separately metered for each unit. Parking includes attached and detached garages as well as dedicated guest spaces. The property is located at 219 W Puente St in Covina, California.
Key Highlights
- Four townhouse‑style residences: one 3‑bed/2‑bath unit and three 2‑bed/2‑bath units
- 4,640 SF building on an 11,148 SF lot
- Built in 1990
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,031
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,620,620
$1.6M
Cap Rate 7%
$1,157,586
$1.2M
Cap Rate 9%
$900,344
$900.3K
Market Conditions
NOI Build-Up for 4,640 SF
Gross rent
$125.3K $27.00/SF
− Vacancy
−$9.5K −$2.05/SF
EGI
$115.8K $24.95/SF
− OpEx
−$34.7K −$7.48/SF
NOI
$81.0K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,620,620
Cap Rate 7%
$1,157,586
Cap Rate 9%
$900,344
Alternative Uses
Best Use
Multifamily LT 5
$1.16M
$1.01M – $1.35M
NOI $81,031 @ 7.0% cap · market cap 4.53%
Second Best
Apartment 5plus
$1.07M
$933.3K – $1.24M
NOI $74,661 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$2.48M
$2.17M – $2.90M
NOI $173,897 @ 7.0% cap · market cap 9.73%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,556
Businesses Nearby
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Business Placement
Demographics for 91723, CA
19,653
Population
6,516
Households
3
Avg Household Size
38
Median Age
25%
College-Educated
87%
High-School Grad
2.3 sq mi
ZIP Area
8,545
Density / Sq Mi
$87,363
Median Household Income
$44,154
Median Earnings
$1,711
Median Rent
$663,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residences combine private patios, individual utility metering, and a mix of attached and detached garage parking.
Where is this quadplex located?
The property is located at 219 W Puente St Covina, CA.
What is the asking price?
The asking price for this property is $1,788,000.
What are key features of this property?
This property features: Four townhouse‑style residences: one 3‑bed/2‑bath unit and three 2‑bed/2‑bath units; 4,640 SF building on an 11,148 SF lot; Built in 1990
