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Key Details
Sold Price $739,900
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID P0-819002220
Sold Date 08/26/19
HOA Y/N No
Year Built 1956
Lot Size 6,534 Sqft
Acres 0.15
Property Description
Please check the documents tab to access the marketing package. Located in Covina, California, this low maintenance triplex offers (3)-1 bed / 1 bath units and offers an incoming cap rate north of 4%. Two of the three units have been fully renovated with washer/dryer hook-ups and new split system air-conditioners. With the rear unit in need of a renovation, the new owner may realize a rental bump of approximately $275 per month. The property sits on a quiet residential street and has easy access to restaurants, retailers, and Stater Bros. market. Furthermore, the property is in proximity to Kahler Russell Park and Charter Oak High School. This property is ideal for a buyer looking for the possibility to lock in a low interest rate thirty year loan with great cash flow for an investment of this size. With the upside presented in the back unit, the project offers promise of growth in a great neighborhood.
Location
State CA
County Los Angeles
Area 614 - Covina
Zoning CVR3-RD2000*
Interior
Flooring Carpet, Vinyl
Fireplace No
Building
Story 1
Entry Level One
Level or Stories One
Others
Senior Community No
Tax ID 8429019003
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
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Bought with Casey Picard • Keller Williams Realty
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