327 Prospero Dr - Apartments FOR SALE


Covina, CA 91723- Downtown Covina
$1,975,000 USD
626-427-0786
327 Prospero Dr, Covina, CA for Sale
$1,975,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

327 Prospero Dr
Covina, CA 91723
Downtown Covina


HIGHLIGHTS

  • Property Consists of (2) 3-Bed/1.5-Bath Townhouse Style Units, (2) 2-Bed/1.5-Bath Townhouse Style Units & (3) 2-Bed/1.5 Bath Units
  • Over 50% Upside in Rental Income!
  • Tenants Enjoy On-Site Laundry Facilities, Gated Entry, Covered Parking & Private Patios/Balconies
  • Majority Large 1,100 Sq. Ft. 2-Story Townhouse-Style Units
  • Individually Metered For Gas & Electricity

OVERVIEW

Kristopher German and Alex Lin of The Apartment Dealer are pleased to exclusively present this rare value-add 7-unit multifamily investment opportunity in the highly sought-after city of Covina. The property is comprised of a desirable unit mix featuring mostly two-story townhouse-style layouts, including (2) 3-bedroom / 1.5-bath units, (2) 2-bedroom / 1.5-bath units, and (3) 2-bedroom / 1.5-bath single-level units. Each unit offers a spacious and functional floor plan, averaging approximately 1,100 square feet—an uncommon feature for buildings of this era. Residents enjoy a gated entry, covered parking, private patios or balconies, and the convenience of an on-site laundry facility. Each unit is individually metered for gas and electricity, allowing for simplified utility management and reduced operating expenses. With over 50% rental upside, this asset presents a compelling opportunity for investors to reposition the property and significantly increase cash flow. Located in a strong rental market with consistent demand, this well-located and generously sized property is ideal for the value-driven investor seeking long-term growth and stability.

FOR SALE DETAILS

PRICE

$1,975,000 USD

PRICE/SF

$181 USD /SF

# OF UNITS

7

PRICE/UNIT

$282,143

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Large 1,100 SqFt Townhouses: Prime SGV!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,733 SF

ZONING

CVRD2000*

APN/PARCEL ID

8429-032-010

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.