247 E Orlando Way Covina, CA 91723
Listing Courtesy of: CRMLS / Century 21 Masters / Mark Cofer

  247 E Orlando Way Covina, CA 91723

Sold (21 Days)
$1,818,150

Description

Incredible opportunity to acquire a multi-family investment property in the highly desirable area of Covina. Very well-maintained, owned by the same owner since 1972! This property is composed of seven units, one of the units features three-bedrooms, two-bathrooms, inside laundry room and a backyard. Another unit features two-bedrooms, one-bathroom, and the rest are one-bedroom, 1-bathroom. Other features include seven carport spaces, all new windows, all around flood lighting, new exterior paint, and newly refinished wood flooring in four of the units. The property is conveniently located near the Eastland Shopping Center, IKEA, and the 10 Freeway! Rents are scheduled to go up as of March 2023, which will make cap rate to be 5.02%. Buyer to complete their own due diligence in regards to all aspects of the property, including income, expenses and potential rents.

MLS #:
CV22225462
Lot Size
7,801 SQFT
Type
Multifamily
Year Built
1957
County
Los Angeles County

Listed By

Mark Cofer, DRE #00914322 CA, Century 21 Masters
Bought with
Hang Tao, Real Estates Unlimited
Source
CRMLS
Last checked Dec 23 2024 at 8:40 AM GMT+0000
Bathroom Details
Interior Features
  • Laundry: Commonarea
Lot Information
  • Frontyard
Pool Information
  • None
Utility Information
  • Utilities: Water Source: Seeremarks
  • Sewer: Unknown
Disclaimer: Based on information from California Regional Multiple Listing Service, Inc. as of 2/22/23 10:28 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable.