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$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

CRMLS #CV25015027

Listed
$1,575,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

CRMLS logo

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