254 W Dexter Covina, CA 91723
Fully occupied Covina multifamily property with upgraded units and upside.
- Added:
- May 21, 2026
- Days on Market:
- 53
- Last Refresh:
- May 27 at 8:14 am
Property Features for 254 W Dexter
General Information
- Standard status
- Active
- Size
- 13,000 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1953
Listing office Mark Andersen Assoc (626) 255-1576
Listing date May 21, 2026
Source Crexi
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 Mark Andersen Assoc
Investment Insights
Based on property information with market context.
Key Highlights
- Rare, fully occupied multifamily asset with predominantly large 3‑bedroom units, appealing to families seeking affordable housing.
- Extensively upgraded units minimize near‑term capital expenditure requirements.
- Central Covina location provides strong tenant demand due to proximity to transportation, retail, schools, and employment centers.
Local 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 | $413.4k | $31.80 |
| − Vacancy | −$33.1k | −$2.54 |
| EGI | $380.3k | $29.26 |
| − OpEx | −$171.1k | −$13.17 |
| NOI | $209.2k | $16.09 |
