219 W Center Street, Covina CA, 91723

Active

219 W Center Street

Covina CA, 91723

$1,575,000

$351.09 per sqft

Active

4,486 sqft

Condos

Built in 1985

Listed by Kristopher German with RE/MAX 2000 REALTY 909-645-0443

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.

CV25015027

MLSⓇ ID

January 21, 2025

Listed

January 22, 2025

Updated

Map

219 W Center Street
Covina CA, 91723

Interior Features

Total Stories: 2
Laundry Description: Washer Hookup, Inside
Fireplace: No
Fireplace Description: None
Cooling: Yes
Cooling Description: Central Air
Heating: Yes
Heating Description: Central

Exterior/Building Features

Lot Size: 0.23 Acres
Lot Features: 0-1 Unit/Acre
Roof: Tile
Sewer: Public Sewer

Other Property Details

Area Name: 614 - Covina
Garage: Yes
Garage Spaces: 8
Parking: Assigned, Garage
Parking Total: 13
View: No
View Description: None
County: Los Angeles
Water Source: Public
Pool: No
Pool Features: None
Zoning: CVR3-RD1250*

Listing Contact: 626-956-0188

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 1/22/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 1/22/2025 at 3:39 AM UTC