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.
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.
Property Details
Price:
$1,650,000
MLS #:
CV25088048
Status:
Active
Baths:
0
Address:
335 N Prospero Drive
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
614covina
City:
Covina
Listed Date:
Apr 22, 2025
State:
CA
ZIP:
91723
Lot Size:
7,381 sqft / 0.17 acres (approx)
Year Built:
1961
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Schools
Interior
Cooling
Wall/ Window Unit(s)
Fireplace Features
None
Exterior
Community Features
Sidewalks, Street Lights
Fencing
Wood
Garage Spaces
0.00
Lot Features
0-1 Unit/ Acre
Parking Features
Detached Carport
Parking Spots
6.00
Pool Features
None
Roof
Shingle
Sewer
Public Sewer
Spa Features
None
Stories Total
2
View
None
Water Source
Public
Financial
Association Fee
0.00
Tenant Pays
Electricity, Gas
Utilities
Electricity Available, Natural Gas Available, Sewer Available, Water Available
Map
Community
- Address335 N Prospero Drive Covina CA
- Area614 – Covina
- CityCovina
- CountyLos Angeles
- Zip Code91723
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335 N Prospero Drive
Covina, CA
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