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$1,975,000
3 Days On Site

327 N Prospero Drive
Covina, CA 91723

For Sale|Apartment|Active
0
Beds
0
Full Baths
0
Partial Baths
7,876
SqFt
$251
/SqFt
1963
Built
County:
Los Angeles
Listed by Kristopher German of RE/MAX 2000 REALTY [email protected]

Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.

327 N Prospero Drive327 N Prospero Drive327 N Prospero Drive327 N Prospero Drive
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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.

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Listing Snapshot
Price 
$1,975,000
Days On Site 
3 Days
Bedrooms 
N/A
Inside Area (SqFt) 
7,876 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1778 Acres
Year Built 
1963
MLS® Number 
CV25082530
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
4 days agoListing first seen on site
4 days agoListing updated with changes from the MLS®
General Features
Acres 
0.1778
Carport 
6
Number Of Stories 
2
Parking 
Carport
Parking Spaces 
6
Property Sub Type 
Apartment
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
7876
Stories 
Two
Utilities 
Electricity AvailableNatural Gas AvailableSewer AvailableWater Available
Water Source 
Public
Zoning 
CVRD2000*
Interior Features
Cooling 
Wall/Window Unit(s)
Fireplace 
Yes
Fireplace Features 
Living Room
Heating 
Wall Furnace
Laundry Features 
Common Area
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Exterior Features
Fencing 
Wood
Pool Features 
None
Roof 
Shingle
Spa Features 
None
Community Features
Building Access 
1
Community Features 
Street LightsSidewalks
MLS Area 
614 - Covina


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. The 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, the 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.

Neighborhood & Commute
Source: Walkscore
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