Homes for sale - 327 N Prospero DR, Covina, CA 91723

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JLee Broker

[email protected] +1(650) 857-1000

Listed by Kristopher German • RE/MAX 2000 REALTY

$1,975,000

Est. payment - /mo

7,745 Sqft Lot

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UPDATED:

Key Details

Property Type Commercial

Listing Status Pending

Purchase Type For Sale

MLS Listing ID CRCV25082530

Originating Board California Regional MLS

Year Built 1963

Lot Size 7,745 Sqft

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

Interior

Heating Wall Furnace

Cooling Window / Wall Unit

Laundry Laundry Area

Exterior

Parking Features Carport

Garage Spaces 6.0

Pool 31, None

Roof Type Shingle

Building

Water District - Public

Others

Tax ID 8429032010

Special Listing Condition Not Applicable

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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327 N Prospero DR Covina, CA 91723

JLee Broker

Key Details

Location

Interior

Exterior

Building

Others

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