Updated Sep 11, 2025
Maria Celeste Sells Multifamily Property On Valley Boulevard In West Covina For $26.35M
2601 Valley Boulevard
$26,350,000
$356/SF
Building Size
73,826 SF
Asset Type
MultiFamily
Closing
Sep 10, 2025
About this deal
AI
The multifamily asset located at 2601 Valley Boulevard in West Covina was sold for $26,350,000. The property encompasses a total square footage of 73,826, reflecting a price per square foot of $356.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $26,350,000
- Address: 2601 Valley Boulevard
- Market: West Covina
- Seller: Maria Celeste
- Seller's Representative: Nick Hayner - Maywood Property Group
- Square Footage: 73,826
- Price Per Square Foot: $356
Nick Hayner from Maywood Property Group represented the seller, achieving a closing price that was $350,000 above the list price. The transaction is noted as the largest seller-financed multifamily deal in LA County over the past decade. Special thanks were given to Michael Puleo at Eisner Law for their assistance in the process.
On the Map
$26,350,000
$356/SF
MultiFamily
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West Covina MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.60%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93