19529 Cypress St Covina, CA 91724-2062
Property profile & analytics
19529 Cypress St, Covina, CA 91724-2062
- Apartment buildings
- 9,207 SF
- 0.38 lot acres
Property ID
US09-8387011
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Apartment buildings
Property Details for 19529 Cypress St
- Year built
- 1984
- Construction
- WOOD
- Lot size
- 0.38 lot acres
- Zone code
- LCR3*
- Property type
- Apartment buildings
- APN
- 8404-004-046
- APU
- 8404004046
Description
This 11-unit apartment building, built in 1984, presents a compelling investment opportunity. Located at 19529 E Cypress St, Covina, CA 91724, in unincorporated Los Angeles County, this property boasts 9,207 square feet on a 0.37-acre lot. The building features eleven two-bedroom, one-bathroom units, each with two parking spaces (a mix of tuck-under with storage, carport, and open spaces). Amenities include an on-site laundry room, copper plumbing, central air conditioning and heating, and upgraded dual-pane windows in most units. Selected kitchens and bathrooms have been recently renovated. All units have individual gas and electric meters. The property enjoys a prime location near major freeways (I-210, 10, and CA-57), the Metrolink Covina Station, and numerous shopping and dining options, including Stater Bros Markets, Dollar Tree, and Vons. Nearby schools include Cedargrove Elementary, Sonrise Christian School, Royal Oak Middle School, and Charter Oak High School. Recreational opportunities abound with proximity to Kahler Russell Park and the Via Verde Country Club. The current NOI is $141,403, with a pro-forma NOI of $244,961, representing a significant upside potential. An existing loan is assumable at a fixed rate of 3.07% until October 2026. The asking price is $3,288,000, representing a price per unit of $298,909.09 and a price per square foot of $357.12. The current cap rate is 4.30%, with a pro-forma cap rate of 7.45%. The average household income within a 5-mile radius exceeds $116,000.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,470,000
- 6.5%
- $2,280,000
- 7%
- $2,115,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,514,000
Market price range: $1.65M - $3.21M -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $2,395,000 Current use
- AUTO REPAIR, GARAGE
- $4,260,000 Change: +78% Conversion: Difficult
- MEDICAL BUILDING
- $4,185,000 Change: +75% Conversion: Moderate
- OFFICE BUILDING
- $2,875,000 Change: +20% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $2,845,000 Change: +19% Conversion: Moderate
- WAREHOUSE, STORAGE
- $2,705,000 Change: +13% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Covina
- County
- Los Angeles
- State
- California
- Longitude
- -117.872
- Latitude
- 34.0962
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$18,418
$628,567
$630,816
$1,259,383
-
$0.00
$0.00
$0.00
