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 feetan 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.