For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $2,670,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID AR23103332
Sold Date 08/08/23
Bedrooms 6
HOA Y/N No
Lot Size 0.387 Acres
Property Description
We are pleased to present an incredible opportunity to acquire this trophy property from the original owner. This condo quality apartment complex features eight units, including six spacious 1-bedroom/1-bathroom units (approx. 750 sq ft each) and two expansive 2-bedroom/1.5-bathroom townhomes with attached two-car garages (approx. 1,200 sq ft each). The vast 16,852 sq ft lot provides ample area for a potential for up to four additional ADUs through garage conversion with 7 open parking spaces to spare. With a newer (2016) roof, laundry hookups, patio/balcony/backyard spaces, central air, and a cement driveway, this low-maintenance gem is nestled in a residential neighborhood. Located minutes away from Eastland Shopping Plaza, Downtown Covina, Ikea, LA Fitness, Covina Metro Link station, and freeway access, this highly desirable location appeals to renters seeking convenience and an exceptional lifestyle. The last increase in rents was in Aug. 2022. Buyer to cooperate with seller on their 1031 exchange. Drive by only. PLEASE DO NOT ENTER PROPERTY.
We are pleased to present an incredible opportunity to acquire this trophy property from the original owner. This condo quality apartment complex features eight units, including six spacious 1-bedroom/1-bathroom units (approx. 750 sq ft each) and two expansive 2-bedroom/1.5-bathroom townhomes with attached two-car garages (approx. 1,200 sq ft each). The vast 16,852 sq ft lot provides ample area for a potential for up to four additional ADUs through garage conversion with 7 open parking spaces to spare. With a newer (2016) roof, laundry hookups, patio/balcony/backyard spaces, central air, and a cement driveway, this low-maintenance gem is nestled in a residential neighborhood. Located minutes away from Eastland Shopping Plaza, Downtown Covina, Ikea, LA Fitness, Covina Metro Link station, and freeway access, this highly desirable location appeals to renters seeking convenience and an exceptional lifestyle. The last increase in rents was in Aug. 2022. Buyer to cooperate with seller on their 1031 exchange. Drive by only. PLEASE DO NOT ENTER PROPERTY.
Location
State CA
County Los Angeles
Area Covina (91723)
Zoning Assessor
Interior
Cooling Central Forced Air
Appliance Other/Remarks
Exterior
Garage Unit1:Assigned
Roof Type Composition
Building
Story 1
Level or Stories 1 Story
Others
Acceptable Financing Exchange
Space Rent $2,275
Listing Terms Exchange
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with WEN LUO • KINGSTON REALTY