$1,695,000
For Sale

211 E Center Street

Covina, CA 91723
0.24 acres | #CV24166646
Listing OfficeMARCUS & MILLICHAP
Browse 12 photos
Type:Multi-Family
Structure:House
Zone:Residential

Description

THE SELLER WILL FINANCE THE PROPERTY. We are pleased to exclusively present the opportunity to acquire 211 East Center Street, a 6-unit multifamily investment property located in the heart of Covina, California. The property is conveniently situated on the northeast corner of East Center Street and South Second Avenue, a quick three-minute walk to Downtown Covina. Constructed in 1962, the property is situated on a 10,504 square feet parcel with a total building area of 4,152 square feet. The single-story property consists of three separate buildings with six one-bedroom/one-bathroom floor plans. The buildings offer two enclosed carports in the front, six single-car garages with new garage doors accessible via rear alley, an on-site laundry room, and new external electrical panels. The selected unit has been renovated with laminated hardwood flooring and freshly painted interiors. All units are individually metered for gas and electricity, and all units have individual hot water heaters.
The offering is ideally located in a stable residential neighborhood just a mile north of Interstate 10 Freeway, providing residents with easy access to cities in San Gabriel Valley and Inland Empire. The property has convenient access to major retail and department stores such as Target, IKEA, Sprouts, Office Depot, and Marshalls. Multiple schools are within a one-mile radius of the subject property, including Cypress Elementary School, Sierra Vista Middle School, and Covina High School, attracting long-term residents. The Covina-Valley Unified School District was recently presented with the California Gold Ribbon Schools Award, ranked the Best Elementary Schools by U.S. News and World Report, and awarded the Golden Bell Winner by the California School Boards Association. For higher education, both Mt. San Antonio College and California State Polytechnic University are a short ten-minutes’ drive away from the subject property. Ranked the top 3% of community colleges in the country, Mt. San Antonio College is a public community college that offers more than 400 degree and certificate programs, 36 support programs, and more than 50 student clubs and athletic programs. Situated on more than 1,700 acres of land, Cal Poly Pomona is one of three polytechnic universities in the California State University system devoted primarily to the instruction of technical arts and applied sciences.

  • Property Details
      • Lot DescriptionCornerLot
      • Stories1
    • Measurements
      • Acres0.2411
    • Parking
      • Parking Spaces6
  • Construction Details
      • Property TypeMulti-Family
    • Condition
      • Year Built1962
  • Utilities / Energy Details
      • Sewer InformationPublicSewer
      • Utility SourcePublic
  • Community and Neighborhood Details
      • CountyLos Angeles
  • Financial Details
      • Original List Price$1,750,000
  • Other
      • MLS #CV24166646

Location

Joshua HenryBerkshire Hathaway Home Services California Properties
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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