$1,575,000
- Beds
- Unknown
- sq ft
- Unknown
219 W Center St, Covina, CA 91723
219 W Center St
Covina, CA 91723
- 9 days on market
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.
Details
Property type
Apartment
Lot size
0.2343 acres
Price per sq ft
Unknown
Year built
1985
Price History
01/21/2025
CRMLS #CV25015027
Listed
$1,575,000
Schools & Community
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Community features: Street Lights, Sidewalks
Community features:
Street Lights, Sidewalks
Status: Active
Tomo last checked: 01/30/2025 at 12:30 AM
Listing updated: 01/23/2025 at 4:00 PM
Listed by: Kristopher German, RE/MAX 2000 REALTY Phone #: (626) 956-0188
MLS: CRMLS #CV25015027
Recently listed in Covina
$499,000|2 bd|2.5 ba|Condo
$875,000|3 bd|2.0 ba|House
$849,800|3 bd|2.0 ba|House
$560,000|2 bd|2.0 ba|Condo
$1,200,000|3 bd|2.0 ba|House
$998,000|6 bd|3.0 ba|House
$838,000|4 bd|2.0 ba|House
$454,900|2 bd|1.0 ba|Condo
$879,000|4 bd|2.0 ba|House
$959,000|3 bd|2.0 ba|House
Explore top cities in California