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1127 E Garvey Avenue

West Covina, CA 91790
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Bed 32

Bed

Bath 28

Bath

SqFt18,382

Sqft

SqFt33,839

Sqft(Lot)

28-Unit Multifamily Investment Opportunity in West Covina. Exceptional opportunity to acquire West Covina Terrace Apartments, a well-located 28-unit multifamily apartment community situated at 1127-1131 E Garvey Ave N in West Covina. Built in 1958, the two-story property encompasses approximately 18,382 square feet of building area on an approximately 33,829-square-foot (0.78-acre) lot.The property is currently generating approximately $560,000 in annual gross income, providing an investor with substantial in-place revenue from day one. With an asking price of $6,800,000, the property is offered at approximately $243,000 per unit, an attractive basis for a 28-unit multifamily asset in the San Gabriel Valley. In addition to its current income stream, the property offers the potential for fu ture revenue growth through continued professional management and the opportunity to increase rents over time as permitted.An additional benefit to ownership is the property's tenant utility reimbursement program for water and trash. Water and trash expenses are initially paid by ownership and subsequently billed back to and reimbursed by a majority of the tenants through a third-party utility billing service. These reimbursements provide additional income to help offset a portion of the property's utility expenses and improve operating efficiency.West Covina Terrace features a desirable and diversified unit mix consisting of 4 studio units, 20 one-bedroom/one-bathroom units, and 4 two-bedroom/one-bathroom units. The strong concentration of highly marketable one-bedroom apartments, complemented by studio and two-bedroom residences, appeals to a broad tenant base and provides a balanced rental mix.Additional property features include a gated courtyard-style setting, community laundry facilities, 28 separately metered electrical services, and designated on-site parking for every unit. Providing each residence with assigned parking is a particularly desirable amenity in the Southern California rental market and further enhances the property's tenant appeal.Strategically positioned along the Garvey Avenue corridor, the property offers excellent access to the I-10 Freeway and is conveniently located near Plaza West Covina, shopping, restaurants, employment centers, schools and everyday services. Its central San Gabriel Valley location provides convenient connectivity to surrounding communities and the greater Los Angeles area.The surrounding area also benefits from attractive demographics, with approximately 23,000 residents and more than 7,000 households within a one-mile radius, along with a median household income of approximately $89,000.With 28 units, approximately $539,000 in current annual gross income, Significant tenant reimbursement of water and trash expenses, designated parking for every unit, an asking price of approximately $243,000 per unit, a highly marketable unit mix and a substantial parcel, West Covina Terrace Apartments represents an excellent opportunity for an investor seeking immediate income, scale and long-term ownership potential in an established Southern California rental market. Please do not disturb tenants or walk the property without an appointment. Buyer and buyer's representatives are advised to independently verify all information, including but not limited to unit count and mix, square footage, lot size, zoning, permitted uses, rents, income, expenses, utility reimbursements, parking, building systems and development potential with the appropriate governmental agencies and other sources.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $6,800,000

AD Id : 90087459

MLS Id : 26877653

Beds : 32

Lot Size : 33,839 Sqft

Living Area Size : 18,382

Year Built : 1958

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total beds: 32

    Bathroom Information

    Total Baths: 28
  • Heating & Cooling

    Has Heating: Yes Heating: WallFurnace Has Cooling: Yes Cooling: WallWindowUnits

  • Building Information

    Year Built: 1958
    Building Area Total: 18382
    Stories: 2
    Private Pool: No

  • Lot Information

    Main Square Feet: 33839 Lot Size Acres: 0.7768 Lot Size Source: Assessor Lot Size Square Feet: 33,839

  • Listing Price Information

    Listing Price: $6800000

  • Tax Information

    Parcel Number: 8456023036

  • Location Information

    Direction: North of the 10 between N Maplewood Ave and N Toland Ave
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1227 E Grovecenter, West Covina, CA, 91790 $1,230,000 5 5 2,335 7,259 Sqft
403 N Astell Avenue, West Covina, CA, 91790 $848,888 3 2 1,310 7,254 Sqft
243 S Gardenglen, West Covina, CA, 91790 $779,997 3 2 1,103 7,299 Sqft
317 S Gardenglen Street, West Covina, CA, 91790 $859,900 3 2 1,566 7,290 Sqft
1022 W Grovecenter, West Covina, CA, 91790 $858,000 4 2 1,490 7,990 Sqft
312 N Maplewood, West Covina, CA, 91790 $898,000 4 2 1,692 7,111 Sqft
324 N Vincent Avenue, West Covina, CA, 91790 $965,000 4 3 2,080 6,972 Sqft
525 S Gretta Avenue, West Covina, CA, 91790 $928,880 3 2 1,716 8,888 Sqft
1107 E Larkwood, West Covina, CA, 91790 $950,000 4 3 2,105 7,344 Sqft
211 N Vincent Avenue, West Covina, CA, 91790 $739,000 3 3 1,791 15,708 Sqft

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/10/2026 @ 01:36

MLS: 26877653 LISTED BY: Lane Aronson, Berkshire Hathaway HomeServices California Properties 626-440-5100 SOURCE: CRMLS

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