Covina, CA 91723,219 W Center ST
Covina, CA 91723,219 W Center ST
Covina, CA 91723,219 W Center ST
7
Listed by Kristopher German • RE/MAX 2000 REALTY
Bought with Kristopher German
$1,575,000
$1,575,000
Est.Price: ?

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10,204 Sqft Lot

219 W Center ST Covina, CA 91723

Est. payment /mo
SOLD DATE : 04/02/2025

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Key Details

Sold Price $1,575,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CRCV25015027

Year Built 1985

Lot Size 10,204 Sqft

Property Description

We are pleased 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.

Location

State CA

County Los Angeles

Area 614 - Covina

Rooms

Kitchen None

Interior

Heating Central Forced Air

Cooling Central AC

Laundry 30, Other

Exterior

Parking Features Assigned Spaces, Garage

Garage Spaces 13.0

Pool 31, None

View None

Roof Type Tile

Building

Foundation Concrete Slab

Water District - Public

Others

Special Listing Condition Not Applicable

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agent

Alex Tai

Founder | License ID: 02025613

+1(650) 773-2321

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