$1,575,000
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219 Center Street Covina, CA 91723
Apartment
Residence
Beds
Baths
...
Bed/Bath
4,486
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
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-be...droom/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.
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MLS#
CV25015027
Property Type
Apartment
Year Built
1985
Square Feet
4,486
sq. ft
Lot Size
0.23
Sewer
Public Sewer
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