West Covina, CA 91791,2517 E Walnut Creek
West Covina, CA 91791,2517 E Walnut Creek
West Covina, CA 91791,2517 E Walnut Creek
$950,000
Est. payment /mo
$926,000
2.6%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

6 Beds
3 Baths
1,891 SqFt
SOLD DATE : 04/14/2023

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

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit
Kobe Zimmerman

Kobe Zimmerman

Berkshire Hathaway Home Services California Properties

+1(858) 753-3353

Our team is ready to help you sell your home for the highest possible price ASAP


San Diego Regional MLS (SDMLS)
Listed by Steven Cheng • Re/Max Champions
Bought with Jeannie Madali • REdefine Realty Group
agent-avatar

+1(858) 753-3353

kobezimmerman@bhhscalifornia.com

955 Orange Ave, Coronado, CA, 92118

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.