1033 W Cypress Street

Covina, CA 91722

  • 9 Bed(s)
  • 0 Bath(s)
  • 5,133 Sqft
  • 7716
    Sqft(Lot)
$2,200,000

Description

We are pleased to present 1033 w cypress st, a well-maintained 6-unit multifamily property in covina, california. this prime investment opportunity offers stable tenancy in the sought-after southern california rental market. built in 1963, this two-story building features a desirable unit mix, including one studio, two 1-bedroom/1-bath units, and three 2-bedroom/1.5-bath units. the property offers amenities such as an on-site laundry facility, covered parking, and individual gas and electricity meters for each unit. additionally, all units are equipped with wall-mounted air conditioning, and most have undergone significant upgrades. the property benefits from a solid tenant base, with current rents below market levels, providing great rental upside. with no local rent control in covina, investors can capitalize on the ability to implement rent increases in line with california ab1482 guidelines. strategically located, the property is across from northview high school and within walking distance to other local schools. tenants enjoy easy access to covina's charming downtown, which offers a variety of restaurants, shops, and entertainment options. the property is also close to the covina metrolink station and major thoroughfares, including the 10 and 210 freeways, providing convenient commutes. this offering presents a rare opportunity to acquire a stable, income-producing asset with significant potential for rental growth and long-term appreciation in one of southern california's resilient rental markets.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    47517835

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Property Details

  • Bedroom Information

    • Total Bedrooms : 9

    Bathroom Information

    • Total Baths: 9
    • Full Baths: 0
    • Half Baths: 0

    Interior Features

    • Property Appliances: Microwave

    Heating Source

    • Forced Air
    • Has Heating

  • Building Information

    • Year Built: 1963
    • Building Area Total: 5,133

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1771
    • Lot Size Source: Vendor Enhanced
    • Lot Size Square Feet: 7716

  • Listing Price Information

    • Original List Price: 2,200,000
    • Listing Contract Date: 2024-11-01

    Lease Information

    • Listing Agreement: Seller Reserved

  • Tax Information

    • Parcel Number: 8420014052

  • Garage and Parking

    • Garage Description: Carport

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 614 - Covina
    • Postal Code Plus 4: 3149
    • Directions: North side of Cypress St between N Azusa Ave & N Lark Ellen Ave (Across street from Northview High School)
    • Zoning: LCR3*
    • Source Property Type: Residential Income
    • Area: 614 - Covina

    Building and Construction

    • Property Age: 61
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 5133
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 11/21/2024 @ 17:47

  • MLS: 24459205
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 9 bedrooms which is for sale, it has 5,133 sqft, 7,716 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Covina , in zip code 91722, this Los Angeles County Home are nearby neighborhoods.