CA > Covina
Covina, CA 91723,544 S 1st Avenue
Covina, CA 91723,544 S 1st Avenue
Covina, CA 91723,544 S 1st Avenue
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Listed by Kristopher German • RE/MAX 2000 REALTY
$1,200,000
Est. payment /mo
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3,788 SqFt
Pending

544 S 1st Avenue Covina, CA 91723

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Max Manatt

Max Manatt

+1(925) 980-3375

UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Pending

Purchase Type For Sale

Square Footage 3,788 sqft

Price per Sqft $316

MLS Listing ID CRCV25040761

HOA Y/N No

Originating Board Datashare California Regional

Year Built 1962

Lot Size 7,827 Sqft

Property Sub-Type Other

Property 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.

Location

State CA

County Los Angeles

Interior

Heating Other

Cooling Wall/Window Unit(s)

Fireplace No

Laundry Other

Exterior

View None

Building

Water Public

Bay East AOR and Contra Costa AOR
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.

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agent

Max Manatt

Agent | License ID: 01957416

+1(925) 980-3375

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