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21306 E Arrow Hwy
Covina, CA 91724 Charter Oak

$4,690,000 USD

Apartments For Sale • 14,960 SF

Property Details

Property Type Apartments
Total Building Size 14,960 SF
Lot Size 0.8 AC
Year Built 1963
Zoning C4

0 Transit Score

30 Walk Score

                
                    Highlights
                
                                A rare single story 16-unit nearby many amenities; First time ever offered for sale since 1975
                            
                                Strategic Covina Location, right across from City of Glendora, at the border of San Dimas, several blocks to Glendora Public Market and San Dimas Plaz
                            
                                Rare value-add deal with ±8.21% Proforma CAP Rate; Priced to Sell at reasonable Price per unit and Price per SF. 
                            
                                Highly desirable single-story layout, Four fourplexes on a large lot; Large 14,960 SF total building: large units (±935sf/unit), on a large 34,878 SF 
                            
                                Excellent Unit Mix with ALL 2bedroom units; All units are large with ±935 average unit size
                            
                                Overparked building with 24 garage/carport spaces for 16 units. Clear ADUs upside potential (could possibly build 4 ADUs – buyer to verify)

Property Flyers

Flyer-21306-10ArrowHwy

Amenities

Air Conditioning

Public Transportation

Commuter Rail	Drive	Walk	Distance
Covina (San Bernardino Line - Southern California Regional Rail Authority (Metrolink))	8 min	-	4.3 mi
Pomona (North) (San Bernardino Line - Southern California Regional Rail Authority (Metrolink))	10 min	-	5.9 mi
Airport	Drive	Walk	Distance
Ontario International	24 min	-	17.5 mi
Long Beach (Daugherty Field)	47 min	-	34.8 mi
John Wayne/Orange County	42 min	-	35.0 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	24
Type:	AttachedGarage
Included in Rent:	Yes

Han Widjaja-Chen 626-594-4900 Growth Investment Group California

21306 E Arrow Hwy Covina, CA 91724 Charter Oak