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West Covina, CA 91791,2517 E Walnut Creek
West Covina, CA 91791,2517 E Walnut Creek
West Covina, CA 91791,2517 E Walnut Creek
$950,000
Est. payment /mo
$926,000
2.6%
Est.Price: ?

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7,601 Sqft Lot
SOLD DATE : 04/14/2023

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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California Regional MLS (CRMLS)
Listed by Steven Cheng • Re/Max Champions • 909-499-2078
Bought with Jeannie Madali • REdefine Realty Group
agent
Devone Richard

Broker | License ID: 1002115

+1(626) 500-1212 | devone@nextadvisors.properties

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