Garden-Style Apartment
For Sale
$5,075,000
445 W Front Street, Covina, CA 91723
Well-maintained gated multifamily property with two garden-style buildings and units ready for immediate lease or rental.
Property Size17,302 SF
Days on Market191
Property Features for 445 W Front Street
General Information
Standard status
Active
Size
17,302 SF
Property subtype
Apartment
Amenities
gated swimming pool
on-site property manager
Building Details
Building Size
17,302 SF
Year Built
1960
Listing Agency:
KELLER WILLIAMS COVINA
Listed By:
Elizabeth Sarmiento · License #00795324
(562) 233-3476
Source:
Velocityrealtysd
Added: Apr 16
Changed: Oct 17
Last Checked: Oct 23 at 2:18PM
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 KELLER WILLIAMS COVINA
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Investment Insights
Based on property information with market context.
This well-maintained multifamily community includes two contemporary garden-style buildings, with units described as ready for immediate lease or rental. The property is positioned for day-to-day convenience with an on-site property manager, and features a gated swimming pool for added safety and resident enjoyment.
The community is located just a few blocks from downtown Covina, offering proximity to the area while maintaining a residential, garden-style setting.
Prospective tenants, buyers, and brokers should note the combination of ready-to-rent units, gated pool amenities, and structured on-site management within a two-building community.
The community is located just a few blocks from downtown Covina, offering proximity to the area while maintaining a residential, garden-style setting.
Prospective tenants, buyers, and brokers should note the combination of ready-to-rent units, gated pool amenities, and structured on-site management within a two-building community.
Key Highlights
- Well‑maintained gated multifamily property with two contemporary garden‑style buildings
- Units are ready for immediate lease or rental
- Gated community includes a swimming pool
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$278,403
Cap Rate
5.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,568,060
$5.6M
Cap Rate 7%
$3,977,186
$4.0M
Cap Rate 9%
$3,093,367
$3.1M
Market Conditions
NOI Build-Up for 17,302 SF
Gross rent
$550.2K $31.80/SF
− Vacancy
−$44.0K −$2.54/SF
EGI
$506.2K $29.26/SF
− OpEx
−$227.8K −$13.17/SF
NOI
$278.4K $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%
$5,568,060
Cap Rate 7%
$3,977,186
Cap Rate 9%
$3,093,367
Alternative Uses
Best Use
Apartment 5plus
$3.98M
$3.48M – $4.64M
NOI $278,403 @ 7.0% cap · market cap 5.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.26M
$8.11M – $10.81M
NOI $648,440 @ 7.0% cap · market cap 12.78%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,962
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?
Multifamily property - Well-maintained gated multifamily property with two garden-style buildings and units ready for immediate lease or rental.
Where is this multifamily property located?
The property is located at 445 W Front Street Covina, CA.
What is the asking price?
The asking price for this property is $5,075,000.
What are key features of this property?
This property features: Well‑maintained gated multifamily property with two contemporary garden‑style buildings; Units are ready for immediate lease or rental; Gated community includes a swimming pool
