327 North Prospero Drive Pending Save Request In-Person Tour Request Virtual Tour
Covina,CA 91723
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Pending
Purchase Type For Sale
Square Footage 7,876 sqft
Price per Sqft $250
MLS Listing ID CV-25082530
Year Built 1963
Lot Size 7,745 Sqft
Property Sub-Type Apartment
Property Description
We are pleased to exclusively present this rare value-add 7-unit multifamily investment opportunity in the highly sought-after city of Covina. The property is comprised of a desirable unit mix featuring mostly two-story townhouse-style layouts, including (2) 3-bedroom / 1.5-bath units, (2) 2-bedroom / 1.5-bath units, and (3) 2-bedroom / 1.5-bath single-level units. Each unit offers a spacious and functional floor plan, averaging approximately 1,100 square feet--an uncommon feature for buildings of this era. Residents enjoy a gated entry, covered parking, private patios or balconies, and the convenience of an on-site laundry facility. Each unit is individually metered for gas and electricity, allowing for simplified utility management and reduced operating expenses. With over 50% rental upside, this asset presents a compelling opportunity for investors to reposition the property and significantly increase cash flow. Located in a strong rental market with consistent demand, this well-located and generously sized property is ideal for the value-driven investor seeking long-term growth and stability.
Location
State CA
County Los Angeles
Area 614 - Covina
Zoning CVRD2000*
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplaces Type Living Room
Laundry Common Area
Exterior
Parking Features Carport
Pool None
Community Features Sidewalks,Street Lights
Utilities Available Sewer Available,Water Available,Electricity Available,Natural Gas Available
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer