We are pleased to exclusively offer for sale this “value-add” opportunity in the highly sought after rental community of Covina. The subject property is comprised of six units: (4) 2-Bedroom / 1.5-Bath Townhouse-Style units, and (2) 1-bedroom / 1.5-bath single-story units. The unit mix provides a desirable balance of layouts for a diverse tenant base.
Tenants benefit from in-unit laundry hookups, private patios, gated entry, and covered/enclosed parking. All units are individually metered for gas and electricity, keeping operating costs efficient.
With over 40% upside in rental income, this asset presents a strong value-add opportunity in a supply-constrained market. Located near Downtown Covina, the property offers convenient access to local amenities, retail, and transit.
5,348 Sq Ft
7,381 Sq Ft Exterior Space
Apartment
Built in 1961
MLS/Listing ID CV25088048
2 Stories
6 Units
Parking - Detached Carport
Inside
Wood
Community - Sidewalks
Community - Street Lights
Shingle
Listing Courtesy of RE/MAX 2000 REALTY, KRISTOPHER GERMAN - 626-427-0786
Source of Data: CALIFORNIA REGIONAL MULTIPLE LISTING SERVICE