18205 E Cypress St - Apartments FOR SALE


Covina, CA 91723
$2,950,000 USD
714-812-5256
18205 E Cypress St, Covina, CA for Sale
$2,950,000 USD
Apartments - FOR SALE
1/15
null | 3.52% Cap Rate

18205 E Cypress St
Covina, CA 91723


HIGHLIGHTS

  • Private road
  • Open lot
  • Single standing homes

OVERVIEW

Improved Pricing. This exceptionally well-suited property presents an extraordinary opportunity for both astute developers and shrewd income property investors alike. There are six 2/1 bath homes and one 4/2 bath house that sits on an approximate 1.192 Acre lot. Its remarkable attributes and strategic location make it an ideal canvas for those seeking to unlock its maximum potential. Whether you envision a visionary development project or a lucrative income-generating venture, this property stands as a testament to the untapped possibilities being that it’s a one-of-a-kind gem. With its prime location, favorable future market conditions, and positive future growth indicators, this investment holds the promise of substantial returns and long-term viability. Embrace the chance to harness the full potential of this property, as it emerges for those with the foresight to seize this exceptional opportunity. Property is being sold by trustee. Seller has full authority and does not need court confirmation. Seller has never lived on property and is exempt from some disclosures. Property sold as is and does not warranty any items. Buyer to do own diligence and verify square footage and all details of the property. Do not disturb tenants.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$428 USD /SF

# OF UNITS

7

PRICE/UNIT

$421,429

CAP RATE

3.52%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Covina Ranch

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

PARKING SPACES

8

LAND DETAILS

LAND ACRES

1.19 AC

LAND SF

51,915 SF

ZONING

LCRA7000*

APN/PARCEL ID

8421-015-004

ASK ABOUT THIS PROPERTY

Daniel GordineerGordineer CommercialMore Info
714-812-5256

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Daniel GordineerGordineer CommercialMore Info
714-812-5256

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