4810 N Vincent Ave Covina, CA 91722
South Azusa NeighborhoodEstimated payment $60,862/month
Highlights
- 1.37 Acre Lot
- Community Pool
- Laundry Room
About This Home
Vincent Village Apartments, located at 4810 North Vincent Avenue in unincorporated Los Angeles County, California. The property offers a compelling financial advantage with an assumable loan of approximately $4,650,000 with Chase Bank, payable at a 3.49% fixed interest rate through May 2027. Constructed in 1984, this 38+2 unit multifamily investment is situated on a spacious 1.37-acre parcel with an approximate building size of 26,969 square feet. The property comprises thirty-eight two-bedroom/one-bathroom units and two non-conforming studio/one-bathroom units. Select units feature laminate/tile flooring, granite or quartz countertops, dishwashers, and private patios or balconies. All apartments are equipped with wall A/C and heating units, gas ranges, and are individually metered for gas and electricity. Additional amenities include two central water heaters, copper plumbing, a gated entry, swimming pool, on-site laundry facility (leased), a manager’s office with bathroom, and a greenbelt area with the potential to build eight ADUs. Parking accommodations consist of 41 carport spaces and 32 open parking spaces, along a concrete driveway. Unincorporated Los Angeles County is subject to its own rent control ordinance (buyer to verify).
Vincent Village Apartments is ideally positioned in the San Gabriel Valley, offering seamless connectivity to Interstate 10, 210, 57, and 605 freeways, and within proximity to Downtown Los Angeles. The area is supported by convenient public transportation via the Covina and Baldwin Park Metrolink Stations, giving residents multiple commuting options for work, entertainment, and shopping. Adding to its appeal, the property is located near several reputable educational institutions, including Cedargrove Elementary School, Grovecenter Elementary, and Barranca Elementary School, all within a
two-mile radius—enhancing its attractiveness to long-term family tenants. For higher education, nearby colleges include Azusa Pacific University, Citrus
College, and Mt. San Antonio College, each offering robust academic programs and convenient access for student tenants or faculty members.
Residents also benefit from close proximity to major retail and grocery amenities. Vincent Village Apartments presents a rare opportunity to acquire a well-located, stabilized multifamily asset with strong fundamentals, attractive assumable financing, and long-term growth potential in a high-demand rental market.
Listing Agent
MARCUS & MILLICHAP Brokerage Phone: 626-695-6776 Listed on: 06/05/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1984
Lot Details
- 1.37 Acre Lot
- Two or More Common Walls
Home Design
- Apartment
Interior Spaces
- 26,969 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 40 Bedrooms
- 2 Bathrooms
Parking
- 32 Open Parking Spaces
- 73 Parking Spaces
- 41 Carport Spaces
Listing and Financial Details
- Tax Lot 46
- Tax Tract Number 405
- Assessor Parcel Number 8410012026
- $10,745 per year additional tax assessments
Community Details
Overview
- 5 Buildings
- 40 Units
Amenities
- Laundry Facilities
Recreation
- Community Pool
Building Details
- Rent Control
- 40 Separate Electric Meters
- 40 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $14,856
- Fuel Expense $10,000
- Gardener Expense $5,950
- Insurance Expense $18,830
- Maintenance Expense $39,750
- Pest Control $1,800
- Pool Expense $6,150
- Professional Management Expense $50,231
- Supplies Expense $1,218
- Trash Expense $12,588
- Water Sewer Expense $16,899
- New Taxes Expense $122,550
- Operating Expense $303,715
- Gross Income $791,543
- Net Operating Income $487,828
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
08/29/2025 08/29/25 | Price Changed | $9,500,000 | -5.0% | $352 / Sq Ft |
07/17/2025 07/17/25 | Price Changed | $9,998,000 | -4.8% | $371 / Sq Ft |
06/05/2025 06/05/25 | For Sale | $10,500,000 | -- | $389 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV25125484

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