CA > Covina
Covina, CA 91723,327 N Prospero DR
Covina, CA 91723,327 N Prospero DR
Covina, CA 91723,327 N Prospero DR
8
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$1,975,000
$1,975,000
Est. payment /mo
Sold on 06/27/2025

327 N Prospero DR Covina, CA 91723

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Faby Llerandi
Faby Llerandi

Broker Associate | License ID: 01157215

+1(951) 520-0260

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UPDATED:

Key Details

Sold Price $1,975,000

Property Type Apartment

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CV25082530

Sold Date 06/27/25

HOA Y/N No

Year Built 1963

Property Sub-Type Apartment

Property Description

We are pleased to exclusively present this rare value-add 7-unit multifamily investment opportunity in the highly sought-after city of Covina. The property is comprised of a desirable unit mix featuring mostly two-story townhouse-style layouts, including (2) 3-bedroom / 1.5-bath units, (2) 2-bedroom / 1.5-bath units, and (3) 2-bedroom / 1.5-bath single-level units. Each unit offers a spacious and functional floor plan, averaging approximately 1,100 square feet—an uncommon feature for buildings of this era.

Residents enjoy a gated entry, covered parking, private patios or balconies, and the convenience of an on-site laundry facility. Each unit is individually metered for gas and electricity, allowing for simplified utility management and reduced operating expenses.


With over 50% rental upside, this asset presents a compelling opportunity for investors to reposition the property and significantly increase cash flow. Located in a strong rental market with consistent demand, this well-located and generously sized property is ideal for the value-driven investor seeking long-term growth and stability.

Location

State CA

County Los Angeles

Area 614 - Covina

Zoning CVRD2000*

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplaces Type Living Room

Fireplace Yes

Laundry Common Area

Exterior

Parking Features Carport

Carport Spaces 6

Fence Wood

Pool None

Community Features Street Lights, Sidewalks

Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available

Roof Type Shingle

Total Parking Spaces 6

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 8429032010

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Financing Cash to New Loan

Special Listing Condition Standard

Lease Land No

CRMLS – RECore
Listed by Kristopher German RE/MAX 2000 REALTY 909-645-0443
Bought with Pauline Cheng Re/Max Premier Prop Arcadia
GET MORE INFORMATION
Faby Llerandi

Faby Llerandi

Broker Associate | License ID: 01157215

+1(951) 520-0260

Name
Phone*
Message

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327 N Prospero DR

 
 
 
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