645 S Eremland Drive

  • Covina

  • $1,380,000
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Residential Income Details

Description
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.
Essential
MLS #TR18122395
Price$1,380,000
Number of Units5
Sale TypeStandard
StatusActive
Listing BrokerageMacroReal Inv Grp Inc.
Listing AgentJared Leung
Listing Agent BRE #01985447
Co-Listing AgentGrady Liu
Co-Listing Agent BRE #01290494
Interior
Exterior
ParkingGarage - Rear Entry
Garage Spaces5
PoolNone
Community
Area614 - Covina
CommunityValley
Address645 S Eremland Drive
CityCovina
CountyLos Angeles
StateCA
ZipCode91723
School

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Based on information from California Regional Multiple Listing Service, Inc. as of Monday, June 18, 2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.