Covina, CA 91723,327 N Prospero Drive
Covina, CA 91723,327 N Prospero Drive
Covina, CA 91723,327 N Prospero Drive
8
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Listed by Kristopher German • RE/MAX 2000 REALTY
$1,975,000
Est. payment /mo
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7,876 SqFt
Pending

327 N Prospero Drive Covina, CA 91723

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Key Details

Property Type Commercial

Sub Type Other

Listing Status Pending

Purchase Type For Sale

Square Footage 7,876 sqft

Price per Sqft $250

MLS Listing ID CRCV25082530

HOA Y/N No

Originating Board Datashare California Regional

Year Built 1963

Lot Size 7,745 Sqft

Property Sub-Type Other

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

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Laundry Other

Building

Water Public


Bay East AOR and Contra Costa AOR

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agent

Max Manatt

Agent | License ID: 01957416

+1(925) 980-3375

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327 N Prospero Drive