Duplex with Four-Car
For Sale
$1,320,000
449 S Barranca, Covina, CA 91723
Two occupied residences with separate layouts, substantial parking, and convenient freeway access.
Property Size3,403 SF
Lot Size0.44 Acres
Price / SF$387.89
Days on Market51
Property Features for 449 S Barranca
General Information
Standard status
Active
Size
3,403 SF
Total Parking Spaces
4
Lot size
0.44 Acres
Property subtype
Duplex
Zoning
R3
Occupancy
100%
Units
Unit Mix
1 x 3BR/2BA, 1 x 3BR/3BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Building Details
Building Size
3,403 SF
Year Built
2020
Listing Agency:
TopSky Realty Inc
Listed By:
SAMPSON WU · License #02134228
(909) 828-0808
Source:
Archetyperealty
Added: Sep 10
Changed: Oct 25
Last Checked: Oct 28 at 5:03PM
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 TopSky Realty Inc
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Investment Insights
Based on property information with market context.
This duplex comprises two occupied residences totaling approximately 3,403 SF of living space on an approximately 18,986 SF lot. The 449 unit contains 3 bedrooms, 2 bathrooms, and approximately 1,432 SF; the 451 unit includes 3 bedrooms, 3 bathrooms, and approximately 1,971 SF. The property also provides a 4-car garage and additional parking.
Constructed in 1954, the 449 residence is paired with a newly built 2020 unit at 451. Access to the 10 Freeway connects the property with destinations throughout the San Gabriel Valley, while shopping, dining, and daily services are located in the surrounding area. Reported R3 zoning may support a range of uses or development possibilities, subject to verification with the City of Covina.
Constructed in 1954, the 449 residence is paired with a newly built 2020 unit at 451. Access to the 10 Freeway connects the property with destinations throughout the San Gabriel Valley, while shopping, dining, and daily services are located in the surrounding area. Reported R3 zoning may support a range of uses or development possibilities, subject to verification with the City of Covina.
Key Highlights
- Two occupied residential units with approximately 3,403 SF of combined living space
- Approximately 18,986 SF lot
- Unit 449: 3 bedrooms, 2 bathrooms, and approximately 1,432 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,429
Cap Rate
4.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,188,580
$1.2M
Cap Rate 7%
$848,986
$849.0K
Cap Rate 9%
$660,322
$660.3K
Market Conditions
NOI Build-Up for 3,403 SF
Gross rent
$91.9K $27.00/SF
− Vacancy
−$7.0K −$2.05/SF
EGI
$84.9K $24.95/SF
− OpEx
−$25.5K −$7.48/SF
NOI
$59.4K $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%
$1,188,580
Cap Rate 7%
$848,986
Cap Rate 9%
$660,322
Alternative Uses
Best Use
Multifamily LT 5
$849.0K
$742.9K – $990.5K
NOI $59,429 @ 7.0% cap · market cap 4.50%
Second Best
Apartment 5plus
$782.2K
$684.5K – $912.6K
NOI $54,757 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$1.82M
$1.59M – $2.13M
NOI $127,537 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,565
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two occupied residences with separate layouts, substantial parking, and convenient freeway access.
Where is this duplex located?
The property is located at 449 S Barranca Covina, CA.
What is the asking price?
The asking price for this property is $1,320,000.
What are key features of this property?
This property features: Two occupied residential units with approximately 3,403 SF of combined living space; Approximately 18,986 SF lot; Unit 449: 3 bedrooms, 2 bathrooms, and approximately 1,432 SF
