4th Apartments | 238 S 4th Ave
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4th Apartments 238 S 4th Ave
7 Unit Apartment Building $1,500,000 ($214,286/Unit) 5.60% Cap Rate Covina, CA 91723
Investment Highlights
- Located near Historic District of Covina.
- Close proximity to Metro link station.
- Strong future income growth potential.
Executive Summary
TVM Commercial Realty Group is proud to offer this 7 Unit Multi-Tenant Residential Investment in Covina, California. This property is located near the Historic District of Covina with many shops and restaurants. It’s also located a short distance from the Metro link station for commuters.
Most rents are substantially below market value and there is strong future income growth potential.
This property features:
• 7 Units, 4 - 2 Bedroom 1 Bath, 3 – 1 Bedroom 1 Bath
• CAP Rate at Offering: 5.6
• CAP at Market Rents: 6.43 +
• APN: 8444-007-013
• Year Built: 1961
• Total SF: 5,010 (Title)
• Lot Size: 10,357 sf
• Parking – Car Ports
Most rents are substantially below market value and there is strong future income growth potential.
This property features:
• 7 Units, 4 - 2 Bedroom 1 Bath, 3 – 1 Bedroom 1 Bath
• CAP Rate at Offering: 5.6
• CAP at Market Rents: 6.43 +
• APN: 8444-007-013
• Year Built: 1961
• Total SF: 5,010 (Title)
• Lot Size: 10,357 sf
• Parking – Car Ports
Property Facts Under Contract
| Price | $1,500,000 | Apartment Style | Low Rise |
| Price Per Unit | $214,286 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.24 AC |
| Cap Rate | 5.60% | Building Size | 5,010 SF |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1961 |
| Property Subtype | Apartment | Parking Ratio | 1.6/1,000 SF |
| Price | $1,500,000 |
| Price Per Unit | $214,286 |
| Sale Type | Investment |
| Cap Rate | 5.60% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 5,010 SF |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1.6/1,000 SF |
Unit Amenities
- Disposal
- Heating
- Kitchen
- Refrigerator
- Range
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
| 1+1 | 3 | - | - |
1 of 1
Walk Score ®
Very Walkable (84)
PROPERTY TAXES
| Parcel Number | 8444-007-013 | Improvements Assessment | $530,604 |
| Land Assessment | $1,252,225 | Total Assessment | $1,782,829 |
PROPERTY TAXES
Parcel Number
8444-007-013
Land Assessment
$1,252,225
Improvements Assessment
$530,604
Total Assessment
$1,782,829
zoning
| Zoning Code | CVR3-RD125 |
| CVR3-RD125 |
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4th Apartments | 238 S 4th Ave
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