We are pleased to exclusively offer for sale a prime investment opportunity located in the city of Covina offering a unit mix of four spacious 2-Bed/1-Bath units. This property boasts ample onsite carport and open-space parking, enhancing tenant convenience. An added benefit is the onsite coin-operated laundry facility, contributing to both tenant satisfaction and additional revenue. Significant capital improvements have been made to increase the property's value and appeal. A new roof was installed in 2022, interior upgrades include; new kitchens, bathrooms, and flooring in most units, reflecting modern tastes and standards. Furthermore, two units have been upgraded with copper piping, emphasizing the commitment to quality infrastructure. Situated in an excellent rental location, the property offers easy access to transportation and shopping, ensuring sustained tenant demand. This investment opportunity offers 35% upside in rental income for a savvy investor familiar with repositioning tenancy. The property is currently tenant occupied (all units) and will be sold with the tenants in place.
MLS #
CRCV24027715
MLS Source
California Regional MLS
Buyer's Brokerage Compensation*
2.25
Laundry
Community Facility
Pool
None
Garage/Parking
Garage: 0 Car(s)
# Buildings | # Leased Units | # Total Units |
---|---|---|
1 | 4 | 4 |
224 N Vecino Dr is a Residential Income in Covina, CA 91723. This – square foot property sits on a 8,406 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,200,000 and was built in 1958.
This address can also be written as 224 N Vecino Dr, Covina, CA 91723.©2024 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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* The offer of compensation is made subject to the MLS rules where the listing is filed. Please contact your agent for any questions concerning this subject matter.
This listing information is up-to-date as of April 02, 2024. For the most current information, please contact Kristopher German, (626) 427-0786