$2,287,500
$2,600,000
12.0%For more information regarding the value of a property, please contact us for a free consultation.
13 Beds
11 Baths
7,034 SqFt
SOLD DATE : 05/02/2024
Key Details
Sold Price $2,287,500
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,034 sqft
Price per Sqft $325
MLS Listing ID 24365567
Sold Date 05/02/24
Bedrooms 13
HOA Y/N No
Year Built 1988
Lot Size 0.490 Acres
Property Description
Introducing a 7-unit property situated on a vast 2-parcel lot spanning 21,334 square feet. Constructed in 1988, this property is hitting the market for the first time in 27 years. The property is positioned in a prime location in Covina (East San Gabriel Valley) and it offers an exceptional unit mix featuring spacious 1, 2, and 3-bedroom units. Among these are (1) 3-bedroom + 2.5-bathroom townhouse-style unit, (2) 2-bedroom + 1.75-bathroom units, (2) 2-bedroom + 1-bathroom units, and (2) 1-bedroom + 1-bathroom units, all complete with enclosed garage parking. Tenants benefit from on-site laundry facilities and central A/C and heating, adding to the convenience of living in this well-maintained property. Sitting in a highly sought-after rental area, it stands as a trophy investment, surrounded by numerous schools, shops, restaurants, and parks within a short distance. The property is only subject to the statewide AB1482 Rent Ordinance.
Location
State CA
County Los Angeles
Area 614 - Covina
Zoning CVR3-RD3000*
Interior
Cooling Central Air
Fireplace No
Laundry Laundry Room
Exterior
Parking Features Uncovered
Garage Spaces 14.0
Garage Description 14.0
Attached Garage Yes
Total Parking Spaces 16
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 8446008005
Special Listing Condition Standard
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