Property Details
About this Property
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.
MLS Listing Information
MLS #
CRCV25015027
MLS Source
California Regional MLS
Interior Features
Kitchen
None
Appliances
Other
Cooling
Central Forced Air
Heating
Central Forced Air
Exterior Features
Roof
Tile
Foundation
Slab
Parking, School, and Other Information
Garage/Parking
Assigned Spaces, Garage, Garage: 8 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
219 W Center St is a Residential Income in Covina, CA 91723. This – square foot property sits on a 10,204 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,575,000 and was built in 1985. This address can also be written as 219 W Center St, Covina, CA 91723.
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This listing information is up-to-date as of April 03, 2025. For the most current information, please contact Kristopher German, (626) 427-0786
