211 Ctr St Covina, CA 91723-2674
Property profile & analytics
211 Ctr St, Covina, CA 91723-2674
- Apartment buildings
- 4,152 SF
- 0.24 lot acres
Property ID
US09-8377425
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 211 Ctr St
- Year built
- 1962
- Construction
- WOOD
- Lot size
- 0.24 lot acres
- Zone code
- CVR3-RD125
- Property type
- Apartment buildings
- APN
- 8445-011-020
- APU
- 8445011020
Description
This exceptional 6-unit apartment building presents a compelling investment opportunity in the heart of Covina, California. Situated on a 0.24-acre lot, this single-story property boasts 4,152 square feet of building area, encompassing three separate structures. Each unit features a one-bedroom, one-bathroom floor plan. The property includes six single-car garages with new garage doors accessible via a rear alley, plus two enclosed carports. An on-site laundry room adds convenience for residents. Recent upgrades include new external electrical panels and at least one unit renovated with laminated hardwood flooring and fresh paint. All units have individual gas and electric meters and individual hot water heaters. The property enjoys a highly desirable location, a three-minute walk from Downtown Covina's vibrant shops and restaurants, and within easy reach of major freeways, providing convenient access to the San Gabriel Valley and Inland Empire. Nearby amenities include Target, IKEA, and other major retailers. The area also benefits from excellent schools, including those within the award-winning Covina-Valley Unified School District, and proximity to Mt. San Antonio College and Cal Poly Pomona. The property's strong location and features contribute to a current NOI of $83,044 and a pro-forma NOI of $98,879, representing a 4.90% cap rate and a pro-forma cap rate of 5.83%, respectively. The asking price is $1,695,000, or $282,500 per unit. Seller financing is available.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,315,000
- ML approach
- $1,415,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,115,000
- 6.5%
- $1,030,000
- 7%
- $955,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,375,000
Market price range: $653k - $1.38M -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $1,035,000 Current use
- AUTO REPAIR, GARAGE
- $1,920,000 Change: +86% Conversion: Difficult
- MEDICAL BUILDING
- $1,885,000 Change: +82% Conversion: Moderate
- OFFICE BUILDING
- $1,365,000 Change: +32% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $1,285,000 Change: +24% Conversion: Moderate
- WAREHOUSE, STORAGE
- $1,220,000 Change: +18% Conversion: Difficult
- RETAIL STORES
- $955,000 Change: -8% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Covina
- County
- Los Angeles
- State
- California
- Longitude
- -117.888
- Latitude
- 34.0854
- 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
$21,647
$1,144,440
$510,146
$1,654,586
-
$0.00
$0.00
$0.00
