21306 E Arrow, Covina, CA 91724

Covina
Local realty services provided by:ERA North Orange County Real Estate
21306 E Arrow,Covina, CA 91724
$4,498,000
  • - Beds
  • - Baths
  • 14,960 sq. ft.
  • Multi-family
  • Active
Listed by: handoko chen
Office: growth investment group pasade626-594-4900
MLS#:AR26165785
Source:CRMLS

Price summary

  • Price:$4,498,000
  • Price per sq. ft.:$300.67

About this home

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...

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an ERA®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an ERA®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , CENTURY 21® , Coldwell Banker® , Corcoran® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1963
  • Listing ID #:AR26165785
  • Added:5 day(s) ago
  • Updated:August 04, 2026 at 10:54 AM

Rooms and interior

  • Flooring:Carpet, Laminate, Tile
  • Living area:14,960 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Wall Furnance

Structure and exterior

  • Roof:Shingle
  • Year built:1963
  • Building area:14,960 sq. ft.
  • Lot area:0.8 Acres
  • Lot Features:Level with Street, Near Park, Near Public Transit, Rectangular Lot, Street Level
  • Foundation Description:Slab
  • Levels:1 Story

Utilities

  • Water:Public, Water Connected
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$4,498,000
  • Price per sq. ft.:$300.67

Parking

  • Total parking spaces:24
  • Parking description:24 Carport Space(s), Assigned, Attached Carport
  • Carport spaces:24
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). ERA North Orange County Real Estate is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of ERA North Orange County Real Estate, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, 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 California Regional MLS (Southern California) 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 2021 California Regional MLS (Southern California). All rights reserved.

New listings near 21306 E Arrow