$1,975,000
$1,975,000
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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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Bought with Pauline Cheng Re/Max Premier Prop Arcadia
"My mission as your Realtor is to build trust-based relatioships and exceed your expectations, ensuring a seamless and rewarding real estate experience."