Listed By:
RE/MAX 2000 REALTY, 909-645-0443, Kristopher German
Local Realty Services Provided By:
Keller Williams Covina
Overview
What It'll Cost
Neighborhood
Similar Homes
$1,575,000
219 W Center Street, Covina, CA 91723
4,486
sq ft
.23
ac
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$1,575,000
219 W Center Street, Covina, CA 91723
Estimation provided by Keller Williams Realty Inc.
4,486
sq ft
.23
ac
Pending
For Sale
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.
Assessed Value is a combination of the land and additions.
2023
$10,240
(+1.21%)
$688,651
Land 319,475 +
Additions 369,176
2022
$10,117
(+1.51%)
$661,912
Land 307,070 +
Additions 354,842
2021
$9,967
(+1.97%)
$661,912
Land 307,070 +
Additions 354,842
2019
$9,774
(+7.32%)
$655,126
Land 303,922 +
Additions 351,204
2017
$9,107
$629,688
Land 292,121 +
Additions 337,567
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.
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