Two-Building Apartment
For Sale
$5,150,000
445 W Front Street, Covina, CA 91723
The property includes a gated swimming pool and on-site property management.
Property Size13,268 SF
Days on Market112
Property Features for 445 W Front Street
General Information
Standard status
Active
Size
13,268 SF
Property subtype
Apartment
Amenities
gated swimming pool
on-site property manager
Building Details
Building Size
13,268 SF
Year Built
1960
Buildings
2
Construction
garden-style
Listing Agency:
KELLER WILLIAMS COVINA
(562) 233-3476
Listed By:
Elizabeth Sarmiento · License #00795324
Source:
Velocityrealtysd
Added: Apr 16
Changed: Aug 4
Last Checked: Aug 5 at 5:05AM
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
Investment Insights
Based on property information with market context.
This apartment property was built in 1960 and comprises two garden-style buildings. The community includes a gated swimming pool and an on-site property manager, providing established on-site amenities and management infrastructure. The buildings are described as well maintained, with units identified as ready for lease or rental.
Key Highlights
- Two garden‑style apartment buildings
- Built in 1960
- Gated swimming pool
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 | $421.9k | $31.80 |
| − Vacancy | −$33.8k | −$2.54 |
| EGI | $388.2k | $29.26 |
| − OpEx | −$174.7k | −$13.17 |
| NOI | $213.5k | $16.09 |
13,268 SF · lease $31.80/SF/yr · vacancy 8.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.05M
$2.67M – $3.56M
NOI $213,493 @ 7.0% cap · market cap 4.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.10M
$6.22M – $8.29M
NOI $497,254 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,822
Businesses Nearby
Explore this area
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
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 a gated swimming pool and on-site property management.
Where is this apartment building located?
The property is located at 445 W Front Street Covina, CA.
What is the asking price?
The asking price for this property is $5,150,000.
What are key features of this property?
This property features: Two garden‑style apartment buildings; Built in 1960; Gated swimming pool
