544 S 1st Avenue #3

Covina, CA 91723

  • 0 Bed(s)
  • 0 Bath(s)
  • 3,788 Sqft
  • 7827
    Sqft(Lot)
$1,200,000

Description

Probate sale! 5 units in covina! we are pleased to exclusively offer for sale this value-add opportunity which is comprised of of two (2-bedroom/1-bathroom) units and three (1-bedroom/1-bathroom) units, totaling 3,788 rental square feet on a 7,827 square foot lot. this asset provides desirable tenant amenities including an onsite laundry facility and covered car-port parking, enhancing the living experience and convenience for residents.



each unit is individually metered for electricity (all electric building), offering efficiency in utility management while the owner covers the water and trash expenses. notably, three of the units will be delivered vacant, presenting an immediate opportunity to adjust rental rates to current market levels. the property boasts a potential 6.78% market cap rate and an 10.67 market gross rent multiplier (grm), illustrating its profitability and appeal as an investment.



this probate sale requires court confirmation and is to be sold in "as-is" condition. importantly, no loan contingency is allowed and the terms stipulate the need to close escrow in 30 days or less. this property represents a prime investment with significant upside potential in a sought-after covina location.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    48703137

Sell a home like this and save $71,501 Find Out How

Statistics Bottom Ads 1
Google Ads

Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Roof : Shingle
    • Fireplace: None

    Cooling Features

    • Wall/Window Unit(s)
    • Air Conditioning

    Heating Source

    • Central
    • Has Heating

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 1962
    • Building Area Total: 3,788
    • Roof: Shingle

    Pool Features

    • None

    Laundry Features

    • Common Area

    Fencing

    • Brick

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1797
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 7827

  • Listing Price Information

    • Original List Price: 1,200,000
    • Listing Contract Date: 2025-02-24

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 8445026005

  • Garage and Parking

    • Garage Description: Attached Carport

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Electricity

  • Other Property Info

    • Source Listing Status: Pending
    • Source Neighborhood: 614 - Covina
    • Directions: North of 10 Fwy, West of Barranca Ave
    • Zoning: CVR3-RD1250*
    • Source Property Type: Residential Income
    • Area: 614 - Covina
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 63
    • Common Walls: 2+ Common Walls
    • Structure Type: Apartment
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: Ground
    • Property Attached: Yes
    • Levels or Stories: Two
    • Building Total Stories: 2
Statistics Bottom Ads 2
Google Ads
Sidebar Ads 1
Google Sidebar Ads
Learn More about this Property
Message allows only 500 character
Sidebar Ads 2
Google Sidebar Ads
Sidebar Ads 2
Google Sidebar Ads

Copyright © 2025 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

BuyOwner last updated this listing 04/02/2025 @ 03:28

  • MLS: CV25040761
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is recently sold, it has 3,788 sqft, 7,827 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 91723, this Los Angeles County Home are nearby neighborhoods.