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6-Unit Apartment Building
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316 Orlando Way, Covina, CA 91723

Two-story multifamily property with varied floor plans, secured entry, laundry, and covered parking.

Property Size4,692 SF
Lot Size0.18 Acres
Days on Market143

Property Features for 316 Orlando Way

General Information

Standard status Active
Size 4,692 SF
Total Parking Spaces 8
Lot size 0.18 Acres
Property subtype Multifamily

Site & Location

Highway Access Yes
Utilities to Site Yes

Units

Unit Mix 5 x 1BR/1BA, 1 x 2BR/2BA
Multifamily Units 6

Amenities

secured entrance
on-site laundry room
storage rooms
covered stairwell
fireplace

Building Details

Year Built 1962
Buildings 1
Stories 2
Listing Agency: Marcus & Millichap - Inland Empire
Listed By: David Covarrubias · License #CA 01941403
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 7:58AM

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 Marcus & Millichap - Inland Empire

Investment Insights

Based on property information with market context.

This two-story apartment property was built in 1962 and contains 4,692 square feet on a 7,956-square-foot parcel. The six-unit layout includes five one-bedroom, one-bath residences and one two-bedroom, two-bath residence. Property features include a secured entrance, an on-site laundry room under lease, two storage rooms, a covered stairwell, and eight carport spaces with storage units. Select apartments have living-room fireplaces, while gas and electricity are separately metered by unit.

The property is located one mile north of the nearest Interstate 10 on- and off-ramp and less than a mile from Downtown Covina. Walmart, Target, Sprouts, IKEA, and Stater Bros. Markets are among the nearby retail and grocery destinations. Six Covina-Valley Unified schools are within a two-mile radius, while Mt. San Antonio College and California State Polytechnic University are approximately a ten-minute drive away. The surrounding area also includes Downtown Covina shops, restaurants, salons, and entertainment venues.

Key Highlights

  • 6‑unit layout with five 1‑bedroom/1‑bathroom units and one 2‑bedroom/2‑bathroom unit
  • 4,692‑square‑foot building on a 7,956‑square‑foot parcel
  • Built in 1962 with secured entrance, covered stairwell, and two storage rooms

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage Food Market (Bike/Boat/Book/etc) Store Butcher Catering Service Fish Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
Yes
Highway access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

2,752
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Two-story multifamily property with varied floor plans, secured entry, laundry, and covered parking.
Where is this apartment building located?
The property is located at 316 Orlando Way Covina, CA.
What are key features of this property?
This property features: 6‑unit layout with five 1‑bedroom/1‑bathroom units and one 2‑bedroom/2‑bathroom unit; 4,692‑square‑foot building on a 7,956‑square‑foot parcel; Built in 1962 with secured entrance, covered stairwell, and two storage rooms
(909) 456-3400 Call to check price and availability
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