515 S Stewart Dr - Apartments FOR SALE


Covina, CA 91723- Downtown Covina
$3,648,800 USD
626-331-1234
515 S Stewart Dr, Covina, CA for Sale
$3,648,800 USD
Apartments - FOR SALE
1/8
null | 5.34% Cap Rate

515 S Stewart Dr
Covina, CA 91723
Downtown Covina


HIGHLIGHTS

  • Excellent unit mix: (3) 2B+1.5B townhome style, (10) 1B+1B
  • New roof
  • New electric subpanels
  • Potential to add 2 ADU's
  • Onsite Laundry
  • Easy access to the 10 and 210 Freeways

OVERVIEW

Proudly presenting the opportunity to acquire 515 S Stewart Drive, a 13-unit multifamily property located in Covina, CA. 515 S Stewart Drive is located on a quiet residential street and features an excellent unit mix: (3) 2 bed/1.5 bath townhome style units and (10) 1 bed/1 bath units. The property features a new roof, new electric subpanels, and onsite laundry facilities. 515 S Stewart Drive is well maintained, and is close to local elementary, middle, and high schools. Located minutes from Downtown Covina, tenants benefit from easy access to local parks, shopping, grocery stores, and eateries. Given the rental upside potential, as well as the possibility of adding two ADUs, this is an excellent addition to any real estate investor’s portfolio.

FOR SALE DETAILS

PRICE

$3,648,800 USD

PRICE/SF

$450 USD /SF

# OF UNITS

13

PRICE/UNIT

$280,677

CAP RATE

5.34%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Covina Stewart Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

15,958 SF

ZONING

CVR3-RD125

APN/PARCEL ID

8445-026-025

ASK ABOUT THIS PROPERTY

Jag SinghKW COMMERCIALMore Info
626-331-1234

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Jag SinghKW COMMERCIALMore Info
626-331-1234

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