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We are pleased to exclusively offer for sale a remarkable investment opportunity in the city of Covina, 5 pride of ownership units constructed in 1985. The unit mix includes four 2-bedroom/1.5-bathroom two-story town-house style units, each offering two levels of living space, and one oversized 1-bedroom/1-bathroom unit. Collectively, these units comprise 4,486 rental square feet on a well-proportioned 10,201 square foot lot. The property boasts a solid 5.56% CAP rate and a 12.73 Gross Rent Multiplier, underlining its profitability and investment appeal.Each unit is equipped with central air conditioning and heating, ensuring comfort year-round. Tenants also benefit from private garage and open space parking (13 spaces total), private patios, and interior laundry hookups. Each unit amenity enhances desirability and tenant satisfaction. This investment represents a unique opportunity to acquire a stable, high-yield asset in Covina, ideal for investors seeking a property with both immediate returns and long-term growth potential.
Property Type(s):
Residential Income
| Last Updated | 1/21/2025 | Year Built | 1985 |
|---|---|---|---|
| Community | Covina | Garage Spaces | 8.0 |
| County | Los Angeles |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Covina |
| GARAGE | Assigned, Garage, Yes |
| HEAT | Central |
| LOT | 10204 sq ft |
| LOT DESCRIPTION | 0-1 Unit/Acre |
| PARKING | Assigned,Garage |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| UTILITIES | Electricity Available,Natural Gas Available,Sewer Available,Water Available, Electric: Standard |
| VIEW DESCRIPTION | None |
| WATER | Public |
| ZONING | CVR3-RD1250* |
Location
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Listed with RE/MAX 2000 REALTY
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