$3,995,000
254 W Dexter, Covina CA 91723
Multi-Family (13 Units)
Property type
14 days
On market
$307
Price per sqft
1 car
Garage
1963
Year built
16,921 sqft
Lot size
Home highlights
Open Houses
Overview
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...
Listing provided by: Lauren Davis DRE #01245985, MARK ANDERSEN & ASSOCIATES
Listing updated: May 28, 2026 at 11:28pm.
Last checked: Jun 2, 2026 at 10:00am
Source: CRMLS #CV26112129
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 3 | 1 | — | $2,195 | $2,195 | $2,225 | Unfurnished |
| 1 | 3 | 1 | — | $1,970 | $1,970 | $2,225 | Unfurnished |
| 4 | 3 | 1 | — | $2,195 | $8,780 | $2,225 | Unfurnished |
| 2 | 3 | 1 | — | $2,225 | $4,450 | $2,225 | Unfurnished |
| 1 | 3 | 1 | — | $2,095 | $2,095 | $2,295 | Unfurnished |
| 1 | 3 | 1 | — | $1,962 | $1,962 | $2,295 | Unfurnished |
| 1 | 3 | 1 | — | $1,860 | $1,860 | $2,295 | Unfurnished |
| 1 | 3 | 1 | — | $2,002 | $2,002 | $2,295 | Unfurnished |
| 1 | 0 | 1 | — | $1,525 | $1,525 | $1,600 | Unfurnished |
# of Buildings: 2
# of Units Total: 13
Separate Electric Meters: 14
Separate Gas Meters: 14
Separate Water Meters: 1
Ranges: 13
Rent Control: No
Units Leased: 13
Total Actual Rent: $26,839
Tenant Pays: Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
12.3x
List Price / Annual Gross Rent
Cap Rate
4.76%
NOI / List Price
Gross Scheduled Income: $325,418
Vacancy Allowance: $3,220
Operating Expense: $131,831
Net Operating Income: $190,367
Annual Operating Expenses
Electric: $2,994
Gardener: $1,035
Fuel: $3,954
Insurance: $0
Maintenance: $27,570
New Taxes: $46,741
Pool: $4,622
Professional Management: $21,977
Trash: $9,644
Water / Sewer: $13,294
Interior
Interior Features: Granite Counters
Room Type: Kitchen, Living Room
Cooling: Wall Window Units
Heating: Wall Furnace
Appliances: Free Standing Range, Water Heater
Fireplace: None
Laundry: Common Area
Entry Location: 1
Exterior
Property Attached: Yes
Stories Total: 2
Foundation: Slab
Property Condition: Updated Remodeled
Common Walls: Two Common Walls Or More
Security Features: Carbon Monoxide Detectors, Smoke Detectors
Lot Features: Sprinklers In Front
Pool: Community
Spa: None
Water Source: Public
Sewer: Public Sewer
View: Neighborhood
Garage and Parking
Parking: Carport
Garage Spaces: 1
Carport Spaces: 14
Parking Total: 15
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 8444010018
Additional Parcels: No
Tax Lot: 8
Tax Block: 20
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Suburban, Pool
Nearby Schools
Nearby schools around the 254 W Dexter, Covina, CA 91723. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$3,196,000
Total Interest
$4,076,322
Total Payment
$7,272,322
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$24,512
per month
Property History for 254 W Dexter
Covina Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 91723.
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