219 W Center St - Apartments FOR SALE


Covina, CA 91723- Downtown Covina
$1,575,000 USD
626-427-0786
219 W Center St, Covina, CA for Sale
$1,575,000 USD
Apartments - FOR SALE
1/7
null | 5.56% Cap Rate

219 W Center St
Covina, CA 91723
Downtown Covina


HIGHLIGHTS

  • Mostly Two-Story Townhouse Style Units
  • Pride of Ownership Asset & Location
  • Tenants Enjoy Central A/C & Heat, Private Patios, & Interior Laundry Hookups
  • Garage Parking for ALL Tenants As Well As Open Space Parking

OVERVIEW

Kristopher German of The Apartment Dealer is please to exclusively offer for sale a remarkable investment opportunity in the city of Covina, 5 pride of ownership units constructed in 1985. The unit mix includes four 2-bedroom/1.5-bathroom two-story town-house style units, each offering two levels of living space, and one oversized 1-bedroom/1-bathroom unit. Collectively, these units comprise 4,486 rental square feet on a well-proportioned 10,201 square foot lot. The property boasts a solid 5.56% CAP rate and a 12.73 Gross Rent Multiplier, underlining its profitability and investment appeal. Each unit is equipped with central air conditioning and heating, ensuring comfort year-round. Tenants also benefit from private garage and open space parking (13 spaces total), private patios, and interior laundry hookups. Each unit amenity enhances desirability and tenant satisfaction. This investment represents a unique opportunity to acquire a stable, high-yield asset in Covina, ideal for investors seeking a property with both immediate returns and long-term growth potential.

FOR SALE DETAILS

PRICE

$1,575,000 USD

PRICE/SF

$351 USD /SF

# OF UNITS

5

PRICE/UNIT

$315,000

CAP RATE

5.56%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5 Units Built 1985 - Desirable SGV Location!

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,274 SF

ZONING

CVR3-RD125

APN/PARCEL ID

8444-002-030

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.