335 N Prospero Dr - Apartments FOR SALE


Covina, CA 91723- Downtown Covina
$1,650,000 USD
626-427-0786
335 N Prospero Dr, Covina, CA for Sale
$1,650,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

335 N Prospero Dr
Covina, CA 91723
Downtown Covina


HIGHLIGHTS

  • Property Consists of (4) 2-Bed/1.5-Bath Townhouse Style Units & (2) 1-Bed/1.5-Bath Units
  • Over 40% Upside In Rental Income
  • Great Mix of Two-Story Townhouse-Style & Single-Story Units!
  • Tenants Enjoy In-Unit Laundry Hookups, Private Patios, Gated Entry & Covered Enclosed Parking
  • Individually Metered For Gas & Electricity
  • Exceptional Rental Location Close to Downtown Covina

OVERVIEW

Kristopher German & Alex Lin of The Apartment Dealer are pleased to exclusively offer for sale this “value-add” opportunity in the highly sought after rental community of Covina. The subject property is comprised of six units: (4) 2-Bedroom / 1.5-Bath Townhouse-Style units, and (2) 1-bedroom / 1.5-bath single-story units. The unit mix provides a desirable balance of layouts for a diverse tenant base. Tenants benefit from in-unit laundry hookups, private patios, gated entry, and covered/enclosed parking. All units are individually metered for gas and electricity, keeping operating costs efficient. With over 40% upside in rental income, this asset presents a strong value-add opportunity in a supply-constrained market. Located near Downtown Covina, the property offers convenient access to local amenities, retail, and transit.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$309 USD /SF

# OF UNITS

6

PRICE/UNIT

$275,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Over 40% Upside In Rental Income

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,512 SF

ZONING

RD-2000, Covina

APN/PARCEL ID

8429-032-009

ASK ABOUT THIS PROPERTY

Kristopher GermanThe Apartment DealerMore Info
626-427-0786

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Kristopher GermanThe Apartment DealerMore Info
626-427-0786

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