$8,491 Closing Credit¹
#IG25038165, Steve Walker, Listing Office: Coldwell Banker Realty
#CV25040761·
Listing Office: RE/MAX 2000 REALTY·
Listing Agent: Kristopher German·
Listing Office Phone: 909-645-0443
$1,200,000 List price
544 S 1st Ave Unit 3 Covina, CA 91723
$10,000
Closing credit¹
0.2 acres
Condo
Property details
About 544 S 1st Ave Unit 3
Probate Sale! 5 Units in Covina! We are pleased to exclusively offer for sale this value-add opportunity which is comprised of of two (2-Bedroom/1-Bathroom) units and three (1-Bedroom/1-Bathroom) units, totaling 3,788 rental square feet on a 7,827 square foot lot. This asset provides desirable tenant amenities including an onsite laundry facility and covered car-port parking, enhancing the living experience and convenience for residents. Each unit is individually metered for electricity (all electric building), offering efficiency in utility management while the owner covers the water and trash expenses. Notably, three of the units will be delivered vacant, presenting an immediate opportunity to adjust rental rates to current market levels. The property boasts a potential 6.78% market CAP Rate and an 10.67 market Gross Rent Multiplier (GRM), illustrating its profitability and appeal as an investment. This probate sale requires court confirmation and is to be sold in "as-is" condition. Importantly, no loan contingency is allowed and the terms stipulate the need to close escrow in 30 days or less. This property represents a prime investment with significant upside potential in a sought-after Covina location.
Highlights
Home typeCondominium
HeatingCentral
StatusActive
CoolingWall/Window Unit(s)
Lot size0.1797 Acres
Year built1962
ParkingAttached Carport
MLS #CV25040761
Summary
- MLS Number: CV25040761
- MLS Name: CRMLS
- Office Name: RE/MAX 2000 REALTY
- Office Phone: (909) 645-0443
- Listing Agent: Kristopher German
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/14/2025, 10:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,200,000
544 S 1st Ave Unit 3
$10,000
closing credit¹
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0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
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Nearby schools
7
Barranca Elementary School
Public District KG-5
0.3 mi
•727 S Barranca Ave
7
Mesa Elementary School
Public District KG-5
1.0 mi
•409 S Barranca St
6
Workman Avenue Elementary School
Public District KG-5
1.1 mi
•1941 E Workman Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $41,074. The most common annual income of people living in Covina, CA is between $35k-100k. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
38%
<35k
61%
35k-100k
1%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
49%
Single, No Kids
20%
Single, with Kids
13%
Married, No Kids
18%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
17%
<11 yrs old
8%
12-17 yrs old
28%
18-34 yrs old
40%
35-64 yrs old
7%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
H&M
Foot Locker
Burlington
Where do the neighbors go to eat?
Boston Market
Little Caesars
White Castle
What do the neighbors drive?
Honda
Dodge
Kia
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary- Soft Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 544 S 1st Ave Unit 3
This home is located at 544 S 1st Ave Unit 3 in Covina, CA and zip code 91723 in the The San Gabriel Valley neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since February 24, 2025 and is currently priced at $1,200,000.
In February 2025 more than 12 listings in Covina, CA were sold above the asking price. During the same period more than 5 listings were sold at asking price, while more than 11 were sold below. The number of homes for sale in Covina, CA decreased by 3.6% between January and February 2025. Listings spent 31 days on the market in February 2025, and had a median list price of $780,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.