21306 E Arrow, Covina, CA 91724

Covina
Local realty services provided by:Better Homes and Gardens Real Estate Napolitano & Associates
21306 E Arrow,Covina, CA 91724
$4,498,000
  • 2 Beds
  • 1 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: handoko chen
Office: growth investment group pasade
MLS#:AR26165785
Source:San Diego MLS via CRMLS

Price summary

  • Price:$4,498,000

About this home

First Time for Sale Since 1975 Exceptionally Rare 16-Unit Single-Story Value-Add Multifamily across from City of Glendora and at the border of San Dimas, Offering Over 8% Pro Forma CAP Rate (All Month-to-Month Tenants). Centrally Located Near Shopping, Major Freeways, and Minutes from Colleges and Universities. Excellent Unit Mix (All 2-Bed), Situated on a Large, Over-Parked Lot with Clear ADU Upside Potential (Possibly 4 ADUs Buyer to Verify). Total 4 Units Will Be Delivered Vacant. Copper Plumbing, Roof mostly upgraded recently. 2130621310 E Arrow Highway, Covina, CA 91724 a rare single-story layout multifamily investment opportunity located in the City of Covina. This is the first time this property offered for sale since 1975 (50 years). This value-add investment provides an excellent opportunity for savvy investors to increase the return to market level (over 8% CAP Rate ALL tenants are month-to-month) and add several ADUs on the lot (buyer to verify). The property is...

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Home facts

  • Listing ID #:AR26165785
  • Added:99 day(s) ago
  • Updated:November 06, 2026 at 04:23 PM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:1

Heating and cooling

  • Cooling:Wall/Window

Structure and exterior

  • Levels:1 Story

Finances and disclosures

  • Price:$4,498,000
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