21306 E Arrow, Covina, CA 91724
- $4,498,000
Listed by Handoko Chen, from Growth Investment Group Pasade
(If provided) CoList: from
- List Price
- $4,498,000
- MLS#
- CRAR26165785
- Status
- ACTIVE
- Levels
- One Story
- Lot Size
- 34,896
- Listing Area
- 614 - Covina
- Year Built
- 1963
Property Description
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 is strategically located on E Arrow Highway right across from the City of Glendora and at the border of City of San Dimas, and within blocks away from multiple shopping and dining (San Dimas Plaza, Glendora Public Market, etc.). Built in 1963, the property is a single-story garden-style apartment co
/u.realgeeks.media/mbaronrealestate/Square_Logo.png){kind=logo}
Additional Information
- Cooling System
- Window / Wall Unit
- Floor Covering
- Laminate
- Foundation
- Concrete Slab
- Garage Parking
- Assigned Spaces, Carport
- Heating System
- Wall Furnace
- Laundry Facilities
- Gas Hookup, 30, Washer/Dryer - Owned
- Levels
- One Story
- Lot Description
- Grade - Level
- Lot Size
- 34,896
- Neighborhood
- 614 - Covina
- Pool Description
- 31, None
- Roof
- Shingle
- Unincorporated Yn
- Yes
Mortgage Calculator
The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than Bailey Properties are marked with the Internet Data Exchange and detailed information about them includes the names of the listing brokers and listing agents.
Based on information from MLSListings MLS as of . All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Copyright 2026 MLSListings Inc. All rights reserved