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Key Details
Sold Price $950,000
Property Type Townhouse
Sub Type Townhome
Listing Status Sold
Purchase Type For Sale
Square Footage 1,891 sqft
Price per Sqft $502
MLS Listing ID TR23031244
Sold Date 04/14/23
Style Townhome
Bedrooms 6
Full Baths 2
Half Baths 1
Construction Status Turnkey
HOA Y/N No
Year Built 1954
Lot Size 7,603 Sqft
Acres 0.1745
Property Description
This charming duplex nestled in the heart of West Covina, California. This property is a fantastic investment opportunity for both owner/users and investors looking to grow their portfolios. Owner occupies the front unit and rents out the second unit; the rental income is good enough to cover the expenses for the entire property. The front unit features 3 bedrooms and 1.5 bathrooms, while the back unit boasts 3 bedrooms and 1 bathroom. Both units are spacious, with large living rooms and dining areas perfect for entertaining guests. The total living space is 1,891 square feet and the lot size is an ample 7,603 square feet. Built in 1954, this single-story duplex has been beautifully maintained with professional landscaping and features a sparkling swimming pool situated between the two units. The property is located within walking distance to South Hills High School and is conveniently located near shopping centers, parks, schools, and has easy access to freeways. This duplex comes with central air conditioning and the current owner occupies the front unit, while the tenant occupies the back unit with under-market rent on a month-to-month basis. The up-to-date solar system save you huge electricity bill for hot summer in California. This presents an opportunity for a new owner to increase rent and maximize their return on investment. The gross scheduled income is estimated to be $63,960 with a CAP rate of 5.10%. Don't miss out on this once-in-a-lifetime opportunity to own this stunning duplex in the heart of West Covina, with excellent investment potential and better return
This charming duplex nestled in the heart of West Covina, California. This property is a fantastic investment opportunity for both owner/users and investors looking to grow their portfolios. Owner occupies the front unit and rents out the second unit; the rental income is good enough to cover the expenses for the entire property. The front unit features 3 bedrooms and 1.5 bathrooms, while the back unit boasts 3 bedrooms and 1 bathroom. Both units are spacious, with large living rooms and dining areas perfect for entertaining guests. The total living space is 1,891 square feet and the lot size is an ample 7,603 square feet. Built in 1954, this single-story duplex has been beautifully maintained with professional landscaping and features a sparkling swimming pool situated between the two units. The property is located within walking distance to South Hills High School and is conveniently located near shopping centers, parks, schools, and has easy access to freeways. This duplex comes with central air conditioning and the current owner occupies the front unit, while the tenant occupies the back unit with under-market rent on a month-to-month basis. The up-to-date solar system save you huge electricity bill for hot summer in California. This presents an opportunity for a new owner to increase rent and maximize their return on investment. The gross scheduled income is estimated to be $63,960 with a CAP rate of 5.10%. Don't miss out on this once-in-a-lifetime opportunity to own this stunning duplex in the heart of West Covina, with excellent investment potential and better returns than traditional bank accounts or risky stock market investments. This property is a must-see!
Location
State CA
County Los Angeles
Area West Covina (91791)
Zoning WCR1*
Interior
Interior Features Copper Plumbing Partial, Granite Counters, Pantry, Recessed Lighting, Tile Counters, Unfurnished
Heating Solar
Cooling Central Forced Air
Flooring Laminate, Wood
Equipment Dishwasher, Solar Panels, Gas Stove
Appliance Dishwasher, Solar Panels, Gas Stove
Laundry Laundry Room, In Carport
Exterior
Exterior Feature Brick, Stucco, Asphalt, Unknown, Concrete
Garage Spaces 2.0
Fence Average Condition
Pool Below Ground, Private, Filtered
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Water Available, Sewer Connected
View Mountains/Hills, Neighborhood, Trees/Woods
Roof Type Composition,Rock/Gravel
Total Parking Spaces 6
Building
Lot Description Sidewalks, Landscaped, Sprinklers In Front, Sprinklers In Rear
Story 1
Lot Size Range 7500-10889 SF
Sewer Public Sewer, Sewer Paid
Water Public
Architectural Style Ranch
Level or Stories 1 Story
Construction Status Turnkey
Others
Monthly Total Fees $66
Acceptable Financing Cash, Conventional, Cash To New Loan, Submit
Listing Terms Cash, Conventional, Cash To New Loan, Submit
Special Listing Condition Standard
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Kobe Zimmerman
Berkshire Hathaway Home Services California Properties
kobezimmerman@bhhscalifornia.com +1(858) 753-3353Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Jeannie Madali • REdefine Realty Group