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
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.
Players
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