673 S Eremland Dr - Apartments FOR SALE


Covina, CA 91723- Downtown Covina
$1,525,000 USD
626-427-0786
673 S Eremland Dr, Covina, CA for Sale
$1,525,000 USD
Apartments - FOR SALE
1/6
null | 4.27% Cap Rate

673 S Eremland Dr
Covina, CA 91723
Downtown Covina


HIGHLIGHTS

  • Property Consists of (1) 3-Bed/1.5-Bath Townhouse & (4) 2-Bed/1.5-Bath Townhouse Units
  • Tenants Enjoy Laundry Facilities, Gated Entry, Covered Enclosed Parking & Private Patios
  • Nearly 1,000 Sq. Ft. Townhouse Style Units!
  • 50% Upside in Rental Income
  • Located in Private Cul-De-Sac
  • Superior Location Minutes to Downtown Covina, Restaurants, Shopping & Nightlife

OVERVIEW

Kristopher German & Alex Lin of The Apartment Dealer are pleased to exclusively offer for sale this 5 Unit “value-add” opportunity in the city of Covina. Comprised of 100% Two-Story Townhouse style units, the unit mix consists of: (1) 3-Bedroom / 1.5-Bath Townhouse & (4) 2-Bedroom / 1.5-bath Townhouse style units. Each unit is approximately 1,000 sqft., providing spacious layouts well-suited for stable, long-term tenancy. Tenants benefit from gated entry, covered enclosed parking, private patios, and access to an on-site laundry facility. All units are individually metered for gas and electricity, allowing for efficient utility management. With 50% upside in rental income, prime rental location, and desirable unit mix, this property offers an ideal value-add opportunity. Ideally located in a private cul-de-sac just minutes from Downtown Covina, the subject property offers access to restaurants, shopping, and nightlife.

FOR SALE DETAILS

PRICE

$1,525,000 USD

PRICE/SF

$315 USD /SF

# OF UNITS

5

PRICE/UNIT

$305,000

CAP RATE

4.27%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5 Units All Two-Story Townhouses! Prime SGV!

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,153 SF

ZONING

CVR3-RD150

APN/PARCEL ID

8451-003-030

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.