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143 North Grandview Avenue Covina, CA 91723
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Key Details
Sold Price $1,790,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 5,762 sqft
Price per Sqft $310
MLS Listing ID CV-23171931
Sold Date 01/05/24
Year Built 1962
Lot Size 7,925 Sqft
Property Description
NEW PRICE!!! Private Seller Financing Available! We are pleased to offer for sale this 6 unit multi-family investment property in the city of Covina. The units are comprised of 4 spacious two-story townhouse style units, and 2 traditional style apartment units for a total rental square footage of 5,762 SqFT. The unit mix consists of 4(2 Bed/1.5 Bath) two-story townhouses, 1(2 Bed/1 Bath), & 1(1 Bed/1 Bath). Tenants pay for electricity & gas while the owner is responsible for water and trash. The property boasts convenient onsite garage and open space parking, as well as an onsite laundry facility, (although temporarily closed by the owner) providing an opportunity for additional income once operational. Although the owner has done a commendable job managing rental increases, there remains untapped potential for growth and increased cash flow. Seller private financing terms; 30% down payment, 7% interest only payments, due in 10 years.
Location
State CA
County Los Angeles
Zoning CVR3-RD1250*
Interior
Laundry Community, Inside
Exterior
Parking Features Gated
Garage Spaces 3.0
Pool None
Community Features Curbs, Gutters, Sidewalks
Building
Lot Description Lot 6500-9999, 6-10 Units/Acre
Sewer Public Sewer
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