335 Prospero Drive, Covina, CA 91723
  • MLS#: CV25088048 ( Apartment )
  • Street Address: 335 Prospero Drive
  • Viewed: 2
  • Price: $1,650,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1961
  • Bldg sqft: 0
  • Days On Market: 46
  • Additional Information
  • County: LOS ANGELES
  • City: Covina
  • Zipcode: 91723
  • Provided by: RE/MAX 2000 REALTY
  • Contact: Kristopher Kristopher
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    We are pleased to exclusively offer for sale this value add opportunity in the highly sought after rental community of Covina. The subject property is comprised of six units: (4) 2 Bedroom / 1.5 Bath Townhouse Style units, and (2) 1 bedroom / 1.5 bath single story units. The unit mix provides a desirable balance of layouts for a diverse tenant base. Tenants benefit from in unit laundry hookups, private patios, gated entry, and covered/enclosed parking. All units are individually metered for gas and electricity, keeping operating costs efficient. With over 40% upside in rental income, this asset presents a strong value add opportunity in a supply constrained market. Located near Downtown Covina, the property offers convenient access to local amenities, retail, and transit.
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Features
Assessments
  1. Special Assessments
Association Fee
  1. 0.00
Building Area Total
  1. 5348.00
Carport Spaces
  1. 6.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 1 Common Wall
Cooling
  1. Wall/Window Unit(s)
Country
  1. US
Current Financing
  1. None
Fencing
  1. Wood
Fireplace Features
  1. None
Garage Spaces
  1. 0.00
Insurance Expense
  1. 4500.00
Laundry Features
  1. Inside
Levels
  1. Two
Lockboxtype
  1. None
Lot Features
  1. 0-1 Unit/Acre
Netoperatingincome
  1. 74083.00
Newtaxesexpense
  1. 19127.00
Parcel Number
  1. 8429032009
Parking Features
  1. Detached Carport
Pool Features
  1. None
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Apartment
Roof
  1. Shingle
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 436911248:CRM
Spa Features
  1. None
Tenant Pays
  1. Electricity
  2. Gas
Totalexpenses
  1. 33587.00
Trash Expense
  1. 2280.00
Utilities
  1. Electricity Available
  2. Natural Gas Available
  3. Sewer Available
  4. Water Available
Vacancyallowance
  1. 3330
View
  1. None
Water Sewer Expense
  1. 2280.00
Water Source
  1. Public
Year Built
  1. 1961
Year Built Source
  1. Assessor
Zoning
  1. CVRD2000*