449 Puente St Covina, CA 91723-2721
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CVR3-RD200 · Covina, CACovina. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.