137 S 3rd Ave Covina, CA 91723
Estimated payment $7,138/month
Highlights
- Corner Lot
- Landscaped
- 1-Story Property
- Shed
- South Facing Home
About This Home
First time on market in over 20 years, this exceptional 4-unit income property near vibrant Downtown Covina! Perfectly positioned near local shops, dining, and transit, this well-maintained multi-unit gem offers both charm and incredible investment potential. The front home is a spacious 3 bedroom 2 bath perfect for owner occupant or a desirable standalone rental. Behind the main house are three spacious 1 bedroom units. Tenants each have their own single car garage plus pre-assigned spaces, ensuring ample parking and storage options. With strong rental appeal, and a prime location on a very desirable street near some of Covina s best amenities, this property presents an incredible opportunity for investors or multi-generational living. Don't miss your chance to own a rare, income-producing property with outstanding upside potential! Plus the potential to add more income if you add an ADU!
Listing Agent
eXp Realty of Greater Los Angeles License #01226816 Listed on: 12/17/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1921
Lot Details
- 10,087 Sq Ft Lot
- Lot Dimensions are 59x173
- South Facing Home
- Landscaped
- Corner Lot
Parking
- 2 Open Parking Spaces
- 4 Car Garage
Home Design
- Stucco
Interior Spaces
- 2,806 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- 5 Bathrooms
Outdoor Features
- Shed
Utilities
- Heating System Uses Natural Gas
- Heating System Mounted To A Wall or Window
- Property is located within a water district
- Gas Water Heater
- Sewer in Street
Community Details
- 3 Buildings
- 4 Units
Listing and Financial Details
- The owner pays for gardener, water
- Assessor Parcel Number 8444-002-020
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,763 | $561,588 | $277,240 | $284,348 |
| 2024 | $7,763 | $550,577 | $271,804 | $278,773 |
| 2023 | $7,657 | $539,782 | $266,475 | $273,307 |
| 2022 | $7,560 | $529,199 | $261,250 | $267,949 |
| 2021 | $7,447 | $518,824 | $256,128 | $262,696 |
| 2020 | $7,356 | $513,505 | $253,502 | $260,003 |
| 2019 | $7,287 | $503,437 | $248,532 | $254,905 |
| 2018 | $6,927 | $493,566 | $243,659 | $249,907 |
| 2016 | $6,545 | $474,402 | $234,199 | $240,203 |
| 2015 | $6,362 | $467,277 | $230,682 | $236,595 |
| 2014 | $6,289 | $458,125 | $226,164 | $231,961 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/31/2025 12/31/25 | Pending | -- | -- | -- |
| 12/17/2025 12/17/25 | For Sale | $1,250,000 | -- | $445 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | Solidifi Title & Closing | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $395,000 | Investors Title Company | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $420,000 | New Conventional | |
| Closed | $316,000 | Purchase Money Mortgage |
Source: The MLS
MLS Number: 25629295
APN: 8444-002-020
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© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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. Properties may or may not be listed by the office/agent presenting the information.
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