$1,790,000
$1,845,000
3.0%For more information regarding the value of a property, please contact us for a free consultation.
7,923 Sqft Lot
SOLD DATE : 01/05/2024
Key Details
Sold Price $1,790,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV23171931
Sold Date 01/05/24
HOA Y/N No
Year Built 1962
Lot Size 7,923 Sqft
Property Description
NEW PRICE!!! Private Seller Financing Available! We are pleased to offer for sale this 6 unit multi-family investment property in the city of Covina. The units are comprised of 4 spacious two-story townhouse style units, and 2 traditional style apartment units for a total rental square footage of 5,762 SqFT. The unit mix consists of 4(2 Bed/1.5 Bath) two-story townhouses, 1(2 Bed/1 Bath), & 1(1 Bed/1 Bath). Tenants pay for electricity & gas while the owner is responsible for water and trash. The property boasts convenient onsite garage and open space parking, as well as an onsite laundry facility, (although temporarily closed by the owner) providing an opportunity for additional income once operational. Although the owner has done a commendable job managing rental increases, there remains untapped potential for growth and increased cash flow. Seller private financing terms; 30% down payment, 7% interest only payments, due in 10 years.
Location
State CA
County Los Angeles
Area 614 - Covina
Zoning CVR3-RD1250*
Interior
Fireplace No
Laundry Common Area, Inside
Exterior
Garage Spaces 3.0
Carport Spaces 4
Garage Description 3.0
Pool None
Community Features Curbs, Gutter(s), Sidewalks
Total Parking Spaces 7
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 8429029005
Acceptable Financing Cash, Cash to New Loan, Owner Will Carry, Private Financing Available
Listing Terms Cash, Cash to New Loan, Owner Will Carry, Private Financing Available
Financing Seller Financing
Special Listing Condition Standard
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Bought with ANDRE VERASTEGUI • NORTH ROCK REAL ESTATE
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "