206 N Grandview, Covina, California 91723, Covina, 91723 - 0 bed, 0 bath
Loading property details...
Covina, California 91723
This Quadruplex Residential Income Asset represents a High-Potential Investment Opportunity with a List Price of $1,250,000—positioned well below the $1,395,960 Fair Market Value by 10%. This valuation gap provides $145,960 in Instant Equity for the incoming owner. While maintaining a Fair Condition Rating, the property features Granite Kitchens, dual-pane windows, and Mountain Views. Located in the prestigious South Hills school district, the asset benefits from high rental demand. With current rents significantly below market rates, this is a premier Value-Add acquisition for Buy-and-Hold Investors or Portfolio Managers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 206 N Grandview Subject | $1,020,000 | 0 | 0 | 3,072 | $407 | - |
A 251 E Center Street Sold | $1,400,000 | 6 | 5 | 2,910 | $481 | 0.5 mi |
B 251 E Center Street Sold | $1,400,000 | 0 | 0 | 2,910 | $481 | 0.5 mi |
C 554 E Hurst Street Sold | $1,050,000 | 0 | 0 | 3,464 | $303 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property, built in 1959, is described as well-kept and features some functional updates such as granite countertops and dual-pane windows. However, the exterior shows signs of age with visible window AC units and dated architectural styling. It meets the 'fair' criteria as an aged property maintained through regular upkeep and partial updates rather than a full modern renovation.
With current rents positioned well below market rates, this property offers a substantial opportunity for a savvy investor to increase cash flow and realize immediate value-add potential.
Situated within the highly regarded South Hills school district, the property benefits from strong tenant demand and long-term stability driven by its desirable neighborhood setting.
The inclusion of recent upgrades such as granite countertops and dual-pane windows reduces immediate maintenance needs and enhances the overall appeal of the units for future tenants.
Constructed in 1959, the property may require more frequent maintenance or future capital expenditures for aging systems compared to newer multi-family developments.
The current below-market rent rolls mean the initial capitalization rate may be lower than desired until the owner can successfully transition units to market-rate pricing.
Welcome to Grandview Ave., we are proud to exclusively represent this well-kept 4-unit multifamily investment opportunity in the highly sought-after city of Covina. This property is comprised of 4 spacious 2-bedroom 1-bath units, with over 750 sqft. each. Each 2-bedroom unit offers a spacious and open floor plan. The property has a centrally located laundry room that can be used to generate additional income and increase the bottom line. Recent upgrades to the property includes granite counter tops in the kitchens an dual pane windows. The current rents are well below market rates, which could be a great upside for a savvy investor to greatly increase cash flow. The property is located in the South Hills school district providing residents kids with a great education. This area has a strong rental market with consistent demand and long-term stability. All the units are currently rented on month to month duration.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,072 | 2,434 | 50% |
| Lot Size | 7,695 | 7,695 | 50% |
| Price | $1.02M | $945.0K | 50% |
| Price per sq ft | $332 | $408 | 50% |
| Built year | 1959 | 1957 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 89 | 140 | 50% |
May 17, 2026
$1,099,000
$1,150,000
-4% Price Drop
Initial Listing
Apr 26, 2026
$1,150,000
$1,199,000
-4% Price Drop
Initial Listing
Apr 5, 2026
$1,199,000
$1,250,000
-4% Price Drop
Initial Listing
Mar 17, 2026
$1,250,000
Initial Listing