Description
We are pleased to exclusively offer for sale this “value-add” opportunity in the highly sought after rental community of covina. the subject property is comprised of six units: (4) 2-bedroom / 1.5-bath townhouse-style units, and (2) 1-bedroom / 1.5-bath single-story units. the unit mix provides a desirable balance of layouts for a diverse tenant base.
tenants benefit from in-unit laundry hookups, private patios, gated entry, and covered/enclosed parking. all units are individually metered for gas and electricity, keeping operating costs efficient.
with over 40% upside in rental income, this asset presents a strong value-add opportunity in a supply-constrained market. located near downtown covina, the property offers convenient access to local amenities, retail, and transit.
Property Type
Residential IncomeCounty
Los AngelesStyle
Residential IncomeAD ID
49470383
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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: 1961
- Building Area Total: 5,348
- Roof: Shingle
Pool Features
- None
Laundry Features
- Inside
Fencing
- Wood
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.1694
- Lot Size Source: Assessor
- Lot Size Square Feet: 7381
-
Listing Information
Listing Price Information
- Original List Price: 1,650,000
- Listing Contract Date: 2025-04-22
Lease Information
- Listing Agreement: Exclusive Right To Sell
-
Taxes / Assessments
Tax Information
- Parcel Number: 8429032009
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
- Garage Description: Detached Carport
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: North of Badillo St, East of Branca Ave
- Zoning: CVRD2000*
- Source Property Type: Residential Income
- Area: 614 - Covina
- Property SubType: Apartment
Building and Construction
- Property Age: 64
- Common Walls: 1 Common Wall
- 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 04/25/2025 @ 20:35
- MLS: CV25088048
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 0 bedrooms which is for sale, it has 5,348 sqft, 7,381 sized lot, and 0 parking. are nearby neighborhoods.