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645 S Eremland Drive
Covina, CA 91723

$1,380,000 
  • -- Beds
  • -- Baths
  • 3,690 sqft
  • Residential Income
  • Active
645 S Eremland Drive, Covina - 544557840
645 S Eremland Drive, Covina - 544557841
645 S Eremland Drive, Covina - 544557842

Property Description for 645 S Eremland Drive, Covina CA 91723

We are pleased to present the rare opportunity to acquire a 5-unit multi-family investment in Covina, California. The building is located on quite residential street. Walking distance to downtown Covina and Eastland Center. 1.2 miles from Metro Covina Station. Very easy to access Interstate 10 Freeway. The subject property features 5-car garage parking spaces, individual meters for gas and electricity, and on-site laundry facilities. Current 100% occupancy with tremendous upside on rent. All two-bedroom units are at first story and all one-bedroom units are at second story. All units are well-maintained condition. There is one upgraded one-bedroom unit with new flooring, new appliances and new painting. Pro Forma over 5% Cap Rate, NOI at $69,179.

  • Property Class: Residential Income
  • Listing Status: Active
  • City: Covina
  • State: CA
  • Zip: 91723
  • Area: 614 - Covina
  • County: Los Angeles
  • Class: Residential Income
  • Stories: 2
  • Baths (F/H): -- / --
  • Baths Partial: 0
  • Living Area (SqFt): 3,690 sqft
  • Lot Sq Ft Apx: 7104.00
  • Garage: 5.00
  • Year Built: 1956
  • Listing#: TR18122395
  • Parcel Number: 8451003026
  • List Date: 5/23/2018
  • Last updated on: 11/15/2018

Property Features for 645 S Eremland Drive, Covina CA 91723

  • Parking Features: Garage - Rear Entry
  • Year Built: 1956
  • Community Features: Valley
  • Zoning: CVR3-RD1500*
  • Lot Desc: Lot 6500-9999
  • Pool: None

Additional Information for 645 S Eremland Drive, Covina CA 91723

  • Expenses: 27451.00
  • Garage Style: Garage - Rear Entry
  • Gross Building Area: 3690.00
  • Gross Income: 85572.00
  • Net Income: 58121.00
  • Rent Income: 8250.00
Courtesy of Jared Leung, Macroreal Inv Grp Inc.
Copyright 2018, California Regional Multiple Listing Service, Inc.. All Rights Reserved.
Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.