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.
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.
Property Details
Price:
$1,575,000
MLS #:
CV25015027
Status:
Active
Baths:
0
Address:
219 W Center Street
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
614covina
City:
Covina
Listed Date:
Jan 21, 2025
State:
CA
ZIP:
91723
Lot Size:
10,204 sqft / 0.23 acres (approx)
Year Built:
1985
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Schools
Interior
Appliances
None
Cooling
Central Air
Fireplace Features
None
Heating
Central
Exterior
Community Features
Gutters, Sidewalks, Street Lights
Electric
Standard
Fencing
Brick
Foundation Details
Slab
Garage Spaces
8.00
Lot Features
0-1 Unit/ Acre
Parking Features
Assigned, Garage
Parking Spots
13.00
Pool Features
None
Roof
Tile
Sewer
Public Sewer
Spa Features
None
Stories Total
2
View
None
Water Source
Public
Financial
Tenant Pays
Electricity, Gas
Utilities
Electricity Available, Natural Gas Available, Sewer Available, Water Available
Map
Community
- Address219 W Center Street Covina CA
- Area614 – Covina
- CityCovina
- CountyLos Angeles
- Zip Code91723
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Courtesy of RE/MAX 2000 REALTY. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved.
219 W Center Street
Covina, CA
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