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21306 E Arrow, Covina, CA 91724

Covina
Local realty services provided by:CENTURY 21 Allstars
21306 E Arrow,Covina, CA 91724
$4,498,000
  • - Beds
  • - Baths
  • 14,960 sq. ft.
  • Multi-family
  • Active
Listed by: handoko chen
Office: growth investment group pasade626-594-4900
MLS#:AR26165785
Source:CRMLS

Price summary

  • Price:$4,498,000
  • Price per sq. ft.:$300.67

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. 21306–21310 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...

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Home facts

  • Year built:1963
  • Listing ID #:AR26165785
  • Added:45 day(s) ago
  • Updated:September 13, 2026 at 11:07 AM

Rooms and interior

  • Flooring:Carpet, Laminate, Tile
  • Living area:14,960 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Wall Furnance

Structure and exterior

  • Roof:Shingle
  • Year built:1963
  • Building area:14,960 sq. ft.
  • Lot area:0.8 Acres
  • Lot Features:Level with Street, Near Park, Near Public Transit, Rectangular Lot, Street Level
  • Foundation Description:Slab
  • Levels:1 Story

Utilities

  • Water:Public, Water Connected
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$4,498,000
  • Price per sq. ft.:$300.67

Parking

  • Total parking spaces:24
  • Parking description:24 Carport Space(s), Assigned, Attached Carport
  • Carport spaces:24
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