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About This Home
This 24-bedroom, 9-bathroom multi-family at 254 W Dexter in Covina, CA is listed for $3,995,000 ($307 per sqft). Built in 1963, the home offers 13,000 sqft of living space on a 0.39 acres lot.
The property features 12 spacious 3-bedroom, 1.75-bathroom apartment homes, and one studio unit, creating a highly
attractive unit mix seldom available in the marketplace. The large floor plans appeal to a variety of households seeking
affordable alternatives to single-family housing in the San Gabriel Valley. Most units have undergone interior upgrades, enhancing tenant appeal while
reducing near-term capital expenditure requirements for a new owner. Improvements may include updated flooring, kitchens, bathrooms, fixtures, and
interior finishes. The property benefits from consistent occupancy and strong tenant demand due to its central location within Covina, proximity to major transportation corridors, retail amenities, schools, and regional employment centers.
Investment Highlights: Rare large-unit multifamily asset with predominantly 3-bedroom units; Fully occupied with stable tenancy
Most units extensively upgraded; Attractive San Gabriel Valley location; Strong rental demand for family-sized units; Potential continued rental upside
Desirable commuter access to employment centers throughout Los Angeles County; Carport parking amenity for tenants; Coin-operated laundry onsite for extra income.
Key Features
- Built in 1963
- 0.39 acre lot
- 2 stories
- 15 parking spaces
Property Details
Monthly Cost Estimate
$21,366/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
254 W Dexter
Covina, CA 91723
Features & Amenities
Interior Features
Exterior Features
Property Details
Parking
Heating
Cooling
Appliances
Questions & Answers
This 24-bedroom, 9-bathroom multi-family at 254 W Dexter is listed at $3,995,000 ($307/sqft). The estimated monthly payment is $17,312 based on 20% down at 6.5% interest.
Key features include: Built in 1963, 0.39 acre lot, 2 stories, 15 parking spaces. Interior Features: Granite Counters, Carbon Monoxide Detector(s). Exterior Features: Community Features Included: Suburban, Sprinklers In Front.
This property is listed by Lauren Davis and can be reached at 6262551576 or Lauren@markandersEn.com.