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4 Units in Covina

224 N Vecino Dr, Covina, CA 91723, USA
Sold for$1,200,000$300,000/Per Unit

Description

CLIENT SUCCESS STORY

Leveraging Insights from our exclusive Educational Luncheon we host for landlords, a discerning seller made a pivotal decision to enhance their Financial Legacy.

Electing a 1031-Exchange, they strategically divested from three smaller assets, including this notable property, to consolidate into a more substantial multi-family investment.

The new, larger purchase is progressing smoothly, with escrow already underway. This move is poised to significantly elevate their net revenue and expand their portfolio.

Stay tuned for further updates on this investor’s venture…

HOW DID WE DO IT?

  • Kris German & Deepen Shah Represented Both the Buyer & Seller in this Transaction
  • 6,400 – Emails Directly Sent to Exclusive Buyer List
  • 4,400 – Facebook and Instagram Views
  • 30,600 – Views on Listing Search Sites

PROPERTY HIGHLIGHTS

  • Comprised of (4) Spacious 2-Bed/1-Bath Units
  • Tenants Enjoy Plenty of Onsite Carport and Open-Space Parking
  • Tenants Enjoy Onsite Coin-Operated Laundry Facility
  • Excellent Rental Location in Proximity to Transportation and Shopping
  • Numerous Capital Improvements Completed Including:
    • New Roof Installed 2022
    • New Kitchens, Bathrooms & Flooring Most Units
    • 2 Units Replumbed with Copper Piping
  • NEARLY 35% UPSIDE IN RENTAL INCOME!
  • Address: 224 N Vecino Dr
  • City: Covina
  • State/county: California
  • Zip/Postal Code: 91723
  • Country: United States

Detail

Updated on April 3, 2024 at 8:51 am

  • Price: Sold for $1,200,000
  • Property Size: 3084 SqFt
  • Land Area: 8406 SqFt
  • Year Built: 1958
  • Property Type: Multi Family
  • Property Status: Just Sold, Sold

Additional details

  • # of Units: 4
  • Unit Mix: 4 (2+1)
  • Zoning: CVR3-RD125
  • We Represented: Seller / Buyer
  • Close of Escrow: 4/2/2024

Features

WalkScore

walkscore52 / Somewhat Walkable more details here

Contact info

Deepen Shah
Deepen Shah
(626) 427-0798
Kristopher German
Kristopher German
(626) 427-0786
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