219 W Center Street, Covina, California 91723
- $1,575,000
- $1,575,000
Overview
- Apartment, Residential Income
- 8.0
- 4486 Sqft
- 1985
Description
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.
Address
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Address: 219 W Center Street
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City: Covina
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State/county: CA
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Zip/Postal Code: 91723
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Country: US
Details
Updated on April 3, 2025 at 6:17 am-
Property ID CV25015027
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Price $1,575,000
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Property Size 4486 Sqft
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Land Area 0.2343 Acres
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Garages 8.0
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Year Built 1985
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Property Type Apartment, Residential Income
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Property Status Closed
Additional details
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Listing Terms Cash to New Loan
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Roof Tile
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Utilities Electricity Available, Natural Gas Available, Sewer Available, Water Available
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Sewer Public Sewer
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Cooling Central Air
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Heating Central
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County Los Angeles
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Property Type Residential Income
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Pool None
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Parking Assigned, Garage
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Community Features Gutter(s), Street Lights, Sidewalks
Mortgage Calculator
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