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Property profile & analytics
OFF-MARKET Estimated value $1,170,000
Apartment buildings

449 Puente St Covina, CA 91723-2721

5,022 SF 0.25 ac lot Built 1964
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US09-6461908
Property summary
AI-generated overview

This exceptional investment opportunity presents a well-maintained five-unit apartment complex ideally situated in Covina, California, at 449 E Puente Street. The property boasts a total area of 5,022 square feet and sits on a 0.25-acre lot. The complex comprises four two-bedroom units and one three-bedroom unit, offering a diverse range of housing options. Currently operating at 100% occupancy, all tenants are current on their rent, reflecting market-rate values. This translates to a stable and predictable income stream for the investor. The property's prime location near Eastland Shopping Center and Downtown Covina provides convenient access to a wealth of amenities, including shopping, dining, and entertainment. This makes the units highly attractive to renters, ensuring continued high occupancy rates. The strong tenant base and desirable location combine to create a compelling investment opportunity with significant potential for future growth and appreciation. The property is offered at $1,700,000. This represents a rare chance to acquire a well-performing multi-family asset in a thriving California market. Serious inquiries are encouraged.

Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1964
Construction WOOD
Total area 5,022 SF
Lot 0.25 ac (10,844 SF)
Zoning code CVR3-RD200
APN 8445-015-034
UPID US09-6461908
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.25M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.17M
Owner & transaction history
Grand Apartment 1 LLC · 1 yrs held
Grand Apartment 1 LLC
since 2025
Last sale
$1.6M
7 recorded transactions
2025
$1.6M
2021
Price N/A
2020
Price N/A
2013
Price N/A
2012
Price N/A
2004
Price N/A
1990
$330,000
Zoning & alternative use
CVR3-RD200 · Covina, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $1.7M +32.1%
Commercial (general) $1.6M +24.0%
Warehouse, storage $1.5M +17.9%
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