305 E Navilla Pl - Apartments FOR SALE


Covina, CA 91723- Downtown Covina
$1,528,000 USD
310-564-6526
305 E Navilla Pl, Covina, CA for Sale
$1,528,000 USD
Apartments - FOR SALE
1/21
null | 6.54% Cap Rate

305 E Navilla Pl
Covina, CA 91723
Downtown Covina


HIGHLIGHTS

  • Prime location offering convenient access to shopping, dining, major employment centers, and nearby transit & freeways.
  • Stabilized investment with 100% occupancy & a high net cap rate, ideal for cash-flow-focused investors.
  • Individually metered units with low-maintenance utilities & steady tenant history.

OVERVIEW

Prime Investment Opportunity. Welcome to 305 E Navilla Pl, a garden-style multifamily property situated in one of the city's most desirable rental corridors and located just minutes from Downtown Covina. This property is ideal for investors seeking stabilized in-place cash flow at a net 6.5% cap rate and is currently 100% tenant-occupied. The unit mix consists of four 1+1 units and two 2+1 units on a 7,621 SF lot. Each unit is equipped with its own water heater, along with individual gas & electric meters, significantly reducing landlord expenses and boosting operational efficiency. On-site parking further enhances tenant convenience and overall appeal. Close to shops, dining, parks, and major freeways (I-10 & I-210), offering strong tenant appeal & long-term investor stability. Whether new to multifamily investing or expanding an established portfolio, 305 E Navilla Pl presents a rare opportunity to acquire a reliable, income-producing asset with value-add potential in one of the San Gabriel Valley's most established rental markets.

FOR SALE DETAILS

PRICE

$1,528,000 USD

PRICE/SF

$416 USD /SF

# OF UNITS

21

PRICE/UNIT

$72,762

CAP RATE

6.54%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

R3, Covina

APN/PARCEL ID

8445-030-017

ASK ABOUT THIS PROPERTY

Ting ZhoueXp Realty of Greater LAMore Info
310-564-6526

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Ting ZhoueXp Realty of Greater LAMore Info
310-564-6526

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.