Covina, CA 91723,327 N Prospero Drive
Covina, CA 91723,327 N Prospero Drive
Covina, CA 91723,327 N Prospero Drive
Covina, CA 91723,327 N Prospero Drive
Covina, CA 91723,327 N Prospero Drive
Covina, CA 91723,327 N Prospero Drive
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$1,975,000

$1,975,000

Est.Price: ?

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Est. payment /mo

10 Beds

8 Baths


SOLD DATE : 06/27/2025

Key Details

Sold Price $1,975,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CV25082530

Sold Date 06/27/25

Bedrooms 10

Property Sub-Type Res Income 2-4 Units

Property Description

We are pleased to exclusively present this rare value-add 7-unit multifamily investment opportunity in the highly sought-after city of Covina. The property is comprised of a desirable unit mix featuring mostly two-story townhouse-style layouts, including (2) 3-bedroom / 1.5-bath units, (2) 2-bedroom / 1.5-bath units, and (3) 2-bedroom / 1.5-bath single-level units. Each unit offers a spacious and functional floor plan, averaging approximately 1,100 square feetan uncommon feature for buildings of this era. Residents enjoy a gated entry, covered parking, private patios or balconies, and the convenience of an on-site laundry facility. Each unit is individually metered for gas and electricity, allowing for simplified utility management and reduced operating expenses. With over 50% rental upside, this asset presents a compelling opportunity for investors to reposition the property and significantly increase cash flow. Located in a strong rental market with consistent demand, this well-located and generously sized property is ideal for the value-driven investor seeking long-term growth and stability.

Location

State CA

County Los Angeles

Zoning Assessor

Direction 327 N Prospero Drive, Covina, CA

Interior

Cooling Wall/Window

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Tax ID 8429032010

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MLS Router / San Diego MLS
Listed by Kristopher German RE/MAX 2000 REALTY
Bought with Pauline Cheng Re/Max Premier Prop Arcadia
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info@visionforwardrealty.com

8150 Sierra College Blvd Ste 130

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