Covina, CA 91723,219 W Center ST
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Covina, CA 91723,219 W Center ST
Covina, CA 91723,219 W Center ST
Covina, CA 91723,219 W Center ST
Covina, CA 91723,219 W Center ST

$1,575,000

Est. payment /mo

$1,575,000

Est.Price: ?

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219 W Center ST Covina, CA 91723

10,206 Sqft Lot

SOLD DATE : 04/02/2025

Key Details

Sold Price $1,575,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CV25015027

Sold Date 04/02/25

HOA Y/N No

Year Built 1985

Lot Size 10,206 Sqft

Property Sub-Type Apartment

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

Zoning CVR3-RD1250*

Interior

Heating Central

Cooling Central Air

Fireplaces Type None

Fireplace No

Laundry Washer Hookup, Inside

Exterior

Parking Features Assigned, Garage

Garage Spaces 8.0

Garage Description 8.0

Fence Brick

Pool None

Community Features Gutter(s), Street Lights, Sidewalks

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

View Y/N No

View None

Roof Type Tile

Total Parking Spaces 13

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Foundation Slab

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 8444002030

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Kristopher German • RE/MAX 2000 REALTY • 909-645-0443
Bought with Kristopher German • RE/MAX 2000 REALTY
agent

Kerob Nargizyan

Realtor | License ID: 02023205

+1(818) 859-2562

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