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1221 S Hacienda Blvd

Hacienda Heights, CA 91745

1 626 427 0786

kris@theapartmentdealer.com

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6 Units in Covina

322 N Prospero Dr, Covina, CA 91723, USA
Sold for$1,990,000$331,666/Per Unit

Description

SALE HIGHLIGHTS

  • Sales Price: $1,990,000
  • Sold $195,000 Above the List Price!
  • Kris Represented Both the Seller & Buyer!
  • Multiple Offers Received Leading to a Fierce Bidding War

HOW DID WE DO IT?

  • 2,600 – Direct Mailers Sent to Internal Investor Database
  • 6,000 – Emails Directly Sent to Exclusive Buyer List
  • 8,145 – Facebook and Instagram Views
  • 1,110 – Views on TheApartmentDealer.com
  • 28,236 – Views on Listing Search Sites

Marketing Matters!

  • If You Have Thoughts About Selling, Call Us First and Let Us Create a Bidding War for You!

PROPERTY HIGHLIGHTS

  • HUGE 60% UPSIDE IN RENTAL INCOME!
  • RARE FIND!
  • GREAT REPOSITION OPPORTUNITY!
  • MAJORITY TOWNHOUSE-STYLE UNITS!
  • Excellent Unit Mix:
    • (1) 3-Bed/3-Bath 2-Story Townhouse “Owner’s Unit” (Was Held Vacant for Buyer)
    • (3) 3-Bed/1.5-Bath 2-Story Townhouses
    • (1) 2-Bed/1.5-Bath 2-Story Townhouse
    • (1) 2-Bed/1.5-Bath Standard Unit
  • 7,154 Rental Sq. Ft. (HUGE Units!)
  • 7,780 Sq. Ft. Lot
  • Onsite Carport Parking & Laundry Facility
  • Units Separately Metered for Electricity & Gas
  • Long-Term Tenants at Below Market Rate Offers New Investor Opportunity to Reposition the Property with Prevailing Market Rents (8+% Cash-on-Cash Return!) *City of Covina has no local rent control ordinance in place
  • Address: 322 N Prospero Dr
  • City: Covina
  • State/county: California
  • Zip/Postal Code: 91723
  • Country: United States

Detail

Updated on August 4, 2023 at 10:08 am

  • Price: Sold for $1,990,000
  • Property Size: 7154 SqFt
  • Land Area: 7780 SqFt
  • Year Built: 1963
  • Property Type: Multi Family
  • Property Status: Just Sold

Additional details

  • # of Units: 6
  • Unit Mix: 1 (3+3), 3 (3+1.5), 2 (2+1.5)
  • Zoning: CVRD2000*
  • We Represented: Seller / Buyer
  • Close of Escrow: 08/01/2023

Video

WalkScore

walkscore63 / Somewhat Walkable more details here

Contact info

Kristopher German
Kristopher German
(626) 427-0786
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