Description
Seller financing available! just listed in the highly desirable city of covina, this 12-unit multi-family investment presents an outstanding opportunity with a real 6.3% cash-on-cash return. featuring a strong unit mix of 1 large 2-bedroom/2-bath unit, and 11 well-maintained 1-bedroom/1-bath units, the property spans 8,673 rentable square feet on a 15,733 square foot lot.
current financials boast a 5.75% cap rate and a 12 grm, making this a solid performer from day one. tenants enjoy desirable amenities including covered parking, a sparkling gated pool, and onsite laundry facilities, contributing to high tenant retention. the property offers 20 total parking spaces and most units feature updated interiors, reflecting pride of ownership throughout.
located near downtown covina, with easy access to restaurants, major retailers, and public transportation, the property is perfectly situated in a high-demand rental corridor. for qualified buyers, seller financing is available with just 30% down, 5.5% interest-only payments, and due and payable in 5-years, offering a rare opportunity to acquire a stabilized asset with attractive financing terms.
Property Type
Residential IncomeCounty
Los AngelesStyle
Residential IncomeAD ID
50392165
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Property Details
-
Interior Features
Water/Sewer
- Water Source : Public
- Sewer : Public Sewer
Interior Features
- Roof : Shingle
- Fireplace: None
Cooling Features
- Wall/Window Unit(s)
- Air Conditioning
Fireplace
- Fireplace Features: None
- Has Fireplace: 0
-
Exterior Features
Building Information
- Year Built: 1964
- Building Area Total: 8,673
- Roof: Shingle
Pool Features
- Fenced,Private
Laundry Features
- Common Area
Fencing
- Block
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.3612
- Lot Size Dimensions: 001
- Lot Size Source: Assessor
- Lot Size Square Feet: 15733
-
Listing Information
Listing Price Information
- Original List Price: 3,250,000
- Listing Contract Date: 2025-07-10
Lease Information
- Listing Agreement: Exclusive Right To Sell
-
Taxes / Assessments
Tax Information
- Parcel Number: 8445011001
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
- Garage Description: Attached Carport,Assigned
Homeowners Association
Rental Info
- Lease Term: Negotiable
- Tenant Pays: Electricity,Gas
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: 614 - Covina
- Directions: South of San Bernardino Rd. East of Citrus Ave
- Zoning: CVTC-P*
- Source Property Type: Residential Income
- Area: 614 - Covina
- Property SubType: Apartment
Building and Construction
- Property Age: 61
- Common Walls: 2+ Common Walls
- Structure Type: Apartment
- Year Built Source: Assessor
- Entry Level: 1
- Entry Location: 1
- Property Attached: Yes
- Levels or Stories: One,Two
- Building Total Stories: 1
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BuyOwner last updated this listing 07/23/2025 @ 01:43
- MLS: CV25154872
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 0 bedrooms which is for sale, it has 8,673 sqft, 15,733 sized lot, and 0 parking. are nearby neighborhoods.