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Key Details
Sold Price $950,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID TR23031203
Year Built 1954
Lot Size 7,601 Sqft
Property Description
This charming duplex nestled in the heart of West Covina, California. This property is a fantastic investment opportunity for both owner/users and investors looking to grow their portfolios.
The front unit features 3 bedrooms and 1.5 bathrooms, while the second unit in the back boasts 3 bedrooms and 1 bathroom. Both units are spacious, with large living rooms and dining areas perfect for entertaining guests. The total living space is 1,891 square feet and the lot size is an ample 7,603 square feet.
Built in 1954, this single-story duplex has been beautifully maintained with professional landscaping and features a sparkling swimming pool situated between the two units. The property is located within walking distance to South Hills High School and is conveniently located near shopping centers, parks, schools, and has easy access to freeways.
This duplex comes with central air conditioning and the owner occupies the front unit, while the tenant occupies the back unit with under-market rent on a month-to-month basis. The up-to-date solar system save you huge electricity bill for hot summer in California. This presents an opportunity for a new owner to increase rent and maximize their return on investment. The gross scheduled income is estimated to be $63,960 with a CAP rate of 5.10%.
Don't miss out on this once-in-a-lifetime opportunity to own this stunning duplex in the heart of West Covina, with excellent investment potential and better returns than traditional bank accounts or risky stock market investments. This property is a must-see!
Location
State CA
County Los Angeles
Area 669 - West Covina
Zoning WCR1*
Interior
Heating Central
Cooling Central Air
Flooring Laminate, Wood
Fireplaces Type None
Laundry Washer Hookup, Gas Dryer Hookup, In Carport, Laundry Room
Exterior
Exterior Feature Lighting
Parking Features Carport, Driveway
Fence Brick, Fair Condition
Pool In Ground, Permits, Private
Community Features Street Lights, Park
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Connected, Water Available
View Y/N Yes
View Mountain(s), Neighborhood, Trees/Woods
Roof Type Composition,Tar/Gravel
Building
Lot Description Back Yard, Flag Lot, Front Yard, Garden, Sprinklers In Rear, Sprinklers In Front, Lawn, Landscaped, Near Park, Near Public Transit, Sprinkler System, Street Level, Yard
Story 1
Foundation Raised, Slab
Sewer Sewer Tap Paid
Water Private
New Construction No
Others
Acceptable Financing Cash, Cash to New Loan, Conventional, Submit
Listing Terms Cash, Cash to New Loan, Conventional, Submit
Special Listing Condition Standard
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Bought with Jeannie Madali • REdefine Realty Group