Vincent Village Apartments 4810 N Vincent Ave 40 Unit Apartment Building $12,439,735 CAD ($310,993 CAD/Unit) 5.48% Cap Rate Covina, CA 91722

NEW PRICE AT $236,789 FOR 38 UNITS (does not include the 2 non-conforming units). CALL or EMAIL FOR OFFERING MEMORANDUM.
Marcus & Millichap is proud to exclusively present the opportunity to acquire the Vincent Village Apartments, located at 4810 North Vincent Avenue in unincorporated Los Angeles County, California. 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. Just minutes away are popular grocery destinations such as Superior Grocers, Vons, ALDI, and Stater Bros. Markets, making day-to-day errands effortless. For broader retail and lifestyle needs, the Plaza West Covina Mall—featuring a mix of department stores, restaurants, and entertainment options—is just a short drive from the property, offering a convenient shopping experience in a vibrant commercial corridor. Vincent Village Apartments presents a rare opportunity to acquire a well-located, value-add multifamily asset with strong fundamentals, with 35% rental upside in a high-demand rental market.