Advanced Real Estate Purchases 138 Units in West Covina

Advanced Real Estate Purchases 138 Units in West Covina

This marks the first purchase of Advanced's new Opportunity Fund, with plans to acquire more Southern California apartments in the coming year. IRVINE, Calif., Nov. 3, 2025 /PRNewswire/ -- Advanced Real Estate has paid $41 million to purchase The Cove at West Covina, adding to its 12,000+ unit portfolio in Southern California. "The Cove is well located, with large units averaging over 1,000 square feet. It's rare to find such an attractive unit…

Advanced Real Estate Buys Multifamily Community in West Covina, California for $41M

WEST COVINA, CALIF. — Advanced Real Estate has acquired The Cove at West Covina, an apartment property located at 1829 E. Workman Ave. in West Covina, for $41 million. The buyer assumed a $21 million Freddie Mac loan with a fixed interest rate of 4.75 percent and full-term interest-only payments. Additional terms of the transaction were not released. The gated community features 138 apartments, two polos with cabanas, a fitness center, fire pits…