Sold for $1,820,000

Listed by: COLDWELL BANKER TOWN & COUNTRY • Javier Montiel • Contact: 626-966-3688

Bought with: NONMEMBER MRML

$1,820,000

500 S 1st Ave, Covina, CA 91723

10beds

8baths

4,798sqft

Multi Family

Built in 1954

-- sqft lot

$1,812,000 Zestimate^®

$379/sqft

$2,323 Estimated rent

Home value

$1,812,000

$1.65M - $1.99M

$2,323/mo

Zestimate^® history

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$2,323/mo

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$2,323/mo

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$11,540/mo

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$11,540/mo

Est. payment

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What's special

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.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 10
Bathrooms: 8

Rooms

Room types: Kitchen, Living Room

Kitchen

Features: Galley Kitchen

Heating

Wall Furnace

Cooling

Wall/Window Unit(s)

Appliances

Laundry: Common Area, Laundry Room

Features

Ceiling Fan(s), High Ceilings
Common walls with other units/homes: 2+ Common Walls

Interior area

Total structure area: 4,798
Total interior livable area: 4,798 sqft

Property

Parking

Total spaces: 8
Parking features: Carport
Carport spaces: 8

Features

Levels: Two
Stories: 2
Entry location: Front
Exterior features: Rain Gutters
Pool features: None
Spa features: None

Lot

Size: 0.37 Acres
Features: 6-10 Units/Acre, Back Yard, Lawn

Details

Parcel number: 8445026002
Special conditions: Probate Listing

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes

Condition

New construction: No
Year built: 1954

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Sidewalks

Location

Region: Covina

Financial & listing details

Price per square foot: $379/sqft
Date on market: 3/7/2026
Cumulative days on market: 13 days
Listing terms: Cash,Conventional,Submit
Tenant pays: Electricity, Gas

Price history

Date	Event	Price
5/7/2026	Listing removed	$1,895
Source: CRMLS #AR26082615 Report a problem
4/16/2026	Listed for rent	$1,895+111.7%
Source: CRMLS #AR26082615 Report a problem
4/15/2026	Sold	$1,820,000-2.9%$379/sqft
Source: CRMLS #CV26050368 Report a problem
4/11/2026	Pending sale	$1,875,000$391/sqft
Source: CRMLS #CV26050368 Report a problem
3/21/2026	Contingent	$1,875,000$391/sqft
Source: CRMLS #CV26050368 Report a problem
3/7/2026	Listed for sale	$1,875,000$391/sqft
Source: CRMLS #CV26050368 Report a problem
4/23/2012	Listing removed	$895
Source: RealRentals.com Report a problem
3/29/2012	Listed for rent	$895
Source: RealRentals.com Report a problem