327 N Prospero Drive

Covina, CA 91723

  • 0 Bed(s)
  • 0 Bath(s)
  • 7,876 Sqft
  • 7745
    Sqft(Lot)
$1,975,000

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 feet—an 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.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    49367489

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Roof : Shingle
    • Fireplace: Living Room

    Cooling Features

    • Wall/Window Unit(s)
    • Air Conditioning

    Heating Source

    • None
    • Has Heating

    Fireplace

    • Fireplace Features: Living Room
    • Has Fireplace: 1

  • Building Information

    • Year Built: 1963
    • Building Area Total: 7,876
    • Roof: Shingle

    Pool Features

    • None

    Laundry Features

    • Common Area

    Fencing

    • Wood

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1778
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 7745

  • Listing Price Information

    • Original List Price: 1,975,000
    • Listing Contract Date: 2025-04-15

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 8429032010

  • Garage and Parking

    • Garage Description: Carport

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Electricity,Gas

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 614 - Covina
    • Postal Code Plus 4: 2357
    • Directions: 327 N Prospero Drive, Covina, CA
    • Zoning: CVRD2000*
    • Source Property Type: Residential Income
    • Area: 614 - Covina
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 62
    • Common Walls: 2+ Common Walls
    • Structure Type: Apartment
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: 1
    • Property Attached: Yes
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 04/26/2025 @ 00:17

  • MLS: CV25082530
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 7,876 sqft, 7,745 sized lot, and 0 parking. are nearby neighborhoods.