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Listed by Kristopher German • RE/MAX 2000 REALTY
Bought with Kristopher German
Bought with Kristopher German
$1,575,000
$1,575,000
Est. payment /mo
10,204 Sqft Lot
Sold on 04/02/2025
219 W Center ST Covina, CA 91723
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Key Details
Sold Price $1,575,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRCV25015027
Sold Date 04/02/25
Originating Board California Regional MLS
Year Built 1985
Lot Size 10,204 Sqft
Property 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.
Location
State CA
County Los Angeles
Area 614 - Covina
Rooms
Kitchen None
Interior
Heating Central Forced Air
Cooling Central AC
Laundry 30, Other
Exterior
Parking Features Assigned Spaces, Garage
Garage Spaces 13.0
Pool 31, None
View None
Roof Type Tile
Building
Foundation Concrete Slab
Water District - Public
Others
Tax ID 8444002030
Special Listing Condition Not Applicable
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