Residential Income Details
We are pleased to present the rare opportunity to acquire a 5-unit multi-family investment in Covina, California. The building is located on quite residential street. Walking distance to downtown Covina and Eastland Center. 1.2 miles from Metro Covina Station. Very easy to access Interstate 10 Freeway. The subject property features 5-car garage parking spaces, individual meters for gas and electricity, and on-site laundry facilities. Current 100% occupancy with tremendous upside on rent. All two-bedroom units are at first story and all one-bedroom units are at second story. All units are well-maintained condition. There is one upgraded one-bedroom unit with new flooring, new appliances and new painting. Pro Forma over 5% Cap Rate, NOI at $69,179.
|Number of Units||5|
|Listing Brokerage||MacroReal Inv Grp Inc.|
|Listing Agent||Jared Leung|
|Listing Agent BRE #||01985447|
|Co-Listing Agent||Grady Liu|
|Co-Listing Agent BRE #||01290494|
|Parking||Garage - Rear Entry|
Based on information from California Regional Multiple Listing Service, Inc. as of Monday, June 18, 2018.
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