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$1,875,000
500 S 1st Avenue, Covina, CA 91723
5Beds
4Baths
761Built
1Days Listed
Listed by Javier Montiel, COLDWELL BANKER TOWN & COUNTRY | 626-589-1221
About This Property
This 8-unit apartment building in Covina includes (2) 2-bedroom, 1-bath units and (6) 1-bedroom, 1-bath units. Each apartment has a large private yard, and two units feature spacious balconies. The property includes eight covered carports with storage cabinets and a shared on-site laundry facility. Three of the units have been recently updated. Additional improvements include upgraded electrical, fresh exterior paint, and newer windows. Located near downtown Covina and its shops, restaurants, and local amenities, with convenient access to the Covina Metrolink station, I-10, and SR-57, the property benefits from steady rental demand and consistent occupancy. This well-maintained building offers reliable cash flow and strong long-term investment potential.
Property Details
- Property Type
- Res Income 2-4 Units
- Bedrooms
- 5
- Bathrooms
- 4
- Building Area
- 0 Sqft
- Living Area
- 0 sqft
- Year Built
- 761
- Status
- Active
- Days on Market
- 1
- Cumulative Days on Market
- 2
- Original Price
- $1,875,000
Location & Neighborhood
What's nearby 500 S 1st Avenue, Covina, CA 91723
Nearby Schools
- Barranca Elementary School0.3 mi
elementary
Parks & Recreation
- Barranca Park0.2 mi
park
- Cougar Park0.4 mi
park
Transit Access
- Foothill Transit 281, 4880.2 mi
Bus Stop
- Foothill Transit 2810.2 mi
Bus Stop
- Foothill Transit 4880.2 mi
Bus Stop
- Foothill Transit 1900.3 mi
Bus Stop
- Foothill Transit 190, 281, 4880.3 mi
Bus Stop
Local Amenities
Dining
- Szechwan Kitchen0.3 mi
- Pacific Fish Grill0.5 mi
Coffee & Cafes
- Dutch Bros. Coffee0.3 mi
- Boba Tea Lounge0.4 mi
Grocery
- Baja Ranch Market0.4 mi
- Sprouts Farmers Market0.5 mi
Banking
- BMO0.4 mi
- Wells Fargo0.5 mi
POI data updated 3/8/2026
Covina Market Snapshot
110
Active Listings
$625K
Median Price
90
Avg Days on Market
Last updated: Mar 8, 2026
Based on information from California Regional Multiple Listing Service, Inc. as of the date of this data. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.
$1,875,000