327 N Prospero Drive, Covina, California 91723
- $1,975,000
- $1,975,000
Overview
- Apartment, Residential Income
- 7876 Sqft
- 1963
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.
Address
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Address: 327 N Prospero Drive
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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 June 27, 2025 at 10:06 pm-
Property ID CV25082530
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Price $1,975,000
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Property Size 7876 Sqft
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Land Area 0.1778 Acres
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Year Built 1963
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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 Shingle
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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 Wall/Window Unit(s)
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Heating Wall Furnace
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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 Carport
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Community Features Street Lights, Sidewalks
Mortgage Calculator
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