West Covina, CA 91790,2225 W Merced AVE
West Covina, CA 91790,2225 W Merced AVE
West Covina, CA 91790,2225 W Merced AVE
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$1,000,000
Est. payment /mo
0.46 Acres Lot
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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID TR25260157

HOA Y/N No

Year Built 1939

Lot Size 0.458 Acres

Property Sub-Type Duplex

Property Description

Prime duplex investment opportunity in West Covina, conveniently located near the 10 Freeway. The front unit features 3 bedrooms and 2 bathrooms with partial renovations, a wall AC unit, and wall heater. The rear unit offers 1 bedroom and 1 bathroom, ideal for additional rental income.

Both units are tenant-occupied with reliable, on-time payments. Current rents are $3,000/month (front) and $1,600/month (rear), generating a total of $4,600/month with a 3.5% cap rate. The property also boasts a gigantic yard, offering excellent potential for future development or expansion.

Don't miss this rare chance to acquire a well-located, income-producing duplex with long-term upside.

Location

State CA

County Los Angeles

Area 669 - West Covina

Rooms

Other Rooms Guest House

Interior

Interior Features Ceiling Fan(s), Recessed Lighting, All Bedrooms Down

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Wood

Fireplaces Type Family Room

Fireplace Yes

Appliance Dishwasher, Gas Range, Microwave, Water Heater

Laundry Washer Hookup, Gas Dryer Hookup, Laundry Room

Exterior

Exterior Feature Lighting

Parking Features Driveway, Garage

Garage Spaces 1.0

Garage Description 1.0

Fence Wire

Pool None

Community Features Storm Drain(s), Street Lights, Suburban

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N No

View None

Roof Type Shingle

Accessibility None

Total Parking Spaces 2

Private Pool No

Building

Lot Description 2-5 Units/Acre

Faces Southwest

Story 1

Entry Level One

Foundation Raised

Sewer Public Sewer

Water Public

Architectural Style Bungalow

Level or Stories One

Additional Building Guest House

New Construction No

Others

Senior Community No

Tax ID 8468001047

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash to New Loan, Conventional

Listing Terms Cash to New Loan, Conventional

Special Listing Condition Standard


Read Less Info
CRMLS – RECore
Listed by Ian Ho A + Realty & Mortgage 626-482-8818
Diego Magdaleno

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2225 W Merced AVE