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!
For sale
$1,250,000
137 S 3rd Ave, Covina, CA 91723
6beds
5baths
2,806sqft
Est.:
Multi Family
Built in 1921
-- sqft lot
$-- Zestimate®
$445/sqft
$-- HOA
What's special
- 2 days |
- 200 |
- 7 |
Zillow last checked: 8 hours ago
Listing updated: December 18, 2025 at 09:46am
Listed by:
Cesar Garcia DRE # 01226816 323-353-3736,
eXp Realty of Greater Los Angeles 888-652-1314
Source: CLAW,MLS#: 25629295
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 5
Heating
- Natural Gas, Wall
Cooling
- None
Appliances
- Included: No Cooking Appliances, Gas Water Heater
Interior area
- Total structure area: 2,806
- Total interior livable area: 2,806 sqft
Property
Parking
- Total spaces: 6
- Parking features: Garage - 1 Car
- Garage spaces: 4
- Uncovered spaces: 2
Features
- Levels: One
- Stories: 1
- Has view: Yes
- View description: None
- Waterfront features: None
Lot
- Size: 10,088.5 Square Feet
- Dimensions: 59 x 173
- Features: Landscaped, Corner Lot
Details
- Additional structures: Shed(s)
- Parcel number: 8444002020
- Zoning: CVR3-RD1250*
- Special conditions: Standard
- Other equipment: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Stucco
Condition
- No Additions/Alter
- Year built: 1921
Utilities & green energy
- Sewer: In Street Paid
- Water: District
Community & HOA
Community
- Security: None
Location
- Region: Covina
Financial & listing details
- Price per square foot: $445/sqft
- Tax assessed value: $561,588
- Annual tax amount: $8,222
- Date on market: 12/17/2025
- Tenant pays: Gas, Electricity, Cable TV
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/17/2025 | Listed for sale | $1,250,000+216.5%$445/sqft |
Source:  CLAW #25629295 Report a problem | ||
| 7/14/2003 | Sold | $395,000$141/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,222 +5.9% | $561,588 +2% |
| 2024 | $7,763 +1.4% | $550,577 +2% |
| 2023 | $7,657 +1.3% | $539,782 +2% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$7,872/mo
Principal & interest
$6226
Property taxes
$1208
Home insurance
$438
Climate risks
Neighborhood: 91723
Nearby schools
GreatSchools rating
- 4/10Workman Avenue Elementary SchoolGrades: K-5Distance: 0.9 mi
- 5/10Traweek Middle SchoolGrades: 6-8Distance: 0.8 mi
- 7/10Covina High SchoolGrades: 9-12Distance: 0.6 mi
Schools provided by the listing agent
- District: Covina Valley Unified
Source: CLAW. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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