Covina, CA 91723,224 N Vecino DR
Covina, CA 91723,224 N Vecino DR
Covina, CA 91723,224 N Vecino DR
Covina, CA 91723,224 N Vecino DR
Covina, CA 91723,224 N Vecino DR
Covina, CA 91723,224 N Vecino DR
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$1,200,000

$1,200,000

Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

8,407 Sqft Lot


SOLD DATE : 04/02/2024

Key Details

Sold Price $1,200,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CV24027715

Sold Date 04/02/24

HOA Y/N No

Year Built 1958

Lot Size 8,407 Sqft

Property Description

We are pleased to exclusively offer for sale a prime investment opportunity located in the city of Covina offering a unit mix of four spacious 2-Bed/1-Bath units. This property boasts ample onsite carport and open-space parking, enhancing tenant convenience. An added benefit is the onsite coin-operated laundry facility, contributing to both tenant satisfaction and additional revenue. Significant capital improvements have been made to increase the property's value and appeal. A new roof was installed in 2022, interior upgrades include; new kitchens, bathrooms, and flooring in most units, reflecting modern tastes and standards. Furthermore, two units have been upgraded with copper piping, emphasizing the commitment to quality infrastructure. Situated in an excellent rental location, the property offers easy access to transportation and shopping, ensuring sustained tenant demand. This investment opportunity offers 35% upside in rental income for a savvy investor familiar with repositioning tenancy. The property is currently tenant occupied (all units) and will be sold with the tenants in place.

Location

State CA

County Los Angeles

Area 614 - Covina

Zoning CVR3-RD1250*

Interior

Fireplace No

Laundry Common Area

Exterior

Carport Spaces 5

Pool None

Community Features Curbs, Gutter(s), Sidewalks

Total Parking Spaces 9

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 8429027008

Energy Description 960.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Cash to New Loan

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
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