449 Puente St Covina, CA 91723-2721
Property profile & analytics
449 Puente St, Covina, CA 91723-2721
- Apartment buildings
- 5,022 SF
- 0.25 lot acres
Property ID
US09-6461908
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 449 Puente St
- Year built
- 1964
- Construction
- WOOD
- Lot size
- 0.25 lot acres
- Zone code
- CVR3-RD200
- Property type
- Apartment buildings
- APN
- 8445-015-034
- APU
- 8445015034
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,345,000
- 6.5%
- $1,245,000
- 7%
- $1,155,000
-
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $1,250,000 Current use
- OFFICE BUILDING
- $1,655,000 Change: +32% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $1,550,000 Change: +24% Conversion: Moderate
- WAREHOUSE, STORAGE
- $1,475,000 Change: +18% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Covina
- County
- Los Angeles
- State
- California
- Longitude
- -117.882
- Latitude
- 34.0829
- 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
$21,561
$1,179,420
$482,490
$1,661,910
-
$0.00
$0.00
$0.00
