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247 E Orlando Way, Covina, California 91723

Residential Income Sold
$1,818,150
Lot Area 0.18 Sqft
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Listing Attribution
Listing ID:
MLS CV22225462
Listed by:
THE MARK AND AL TEAM · DRE 00914322
· CENTURY 21 FULL REALTY SEVICES ·
Bought with:
HANG TAO · DRE 02052821
· REAL ESTATES UNLIMITED
Property Description

Incredible opportunity to acquire a multi-family investment property in the highly desirable area of Covina. Very well-maintained, owned by the same owner since 1972! This property is composed of seven units, one of the units features three-bedrooms, two-bathrooms, inside laundry room and a backyard. Another unit features two-bedrooms, one-bathroom, and the rest are one-bedroom, 1-bathroom. Other features include seven carport spaces, all new windows, all around flood lighting, new exterior paint, and newly refinished wood flooring in four of the units. The property is conveniently located near the Eastland Shopping Center, IKEA, and the 10 Freeway! Rents are scheduled to go up as of March 2023, which will make cap rate to be 5.02%. Buyer to complete their own due diligence in regards to all aspects of the property, including income, expenses and potential rents.

Listing Attribution
Listing ID:
MLS CV22225462
Listed by:
THE MARK AND AL TEAM · DRE 00914322
· CENTURY 21 FULL REALTY SEVICES ·
Bought with:
HANG TAO · DRE 02052821
· REAL ESTATES UNLIMITED
Contact Agent
Ivan Londoño
Smart Equity Realty

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