211 Ctr St Covina, CA 91723-2674

This exceptional 6-unit apartment building presents a compelling investment opportunity in the heart of Covina, California. Situated on a 0.24-acre lot, this single-story property boasts 4,152 square feet of building area, encompassing three separate structures. Each unit features a one-bedroom, one-bathroom floor plan. The property includes six single-car garages with new garage doors accessible via a rear alley, plus two enclosed carports. An on-site laundry room adds convenience for residents. Recent upgrades include new external electrical panels and at least one unit renovated with laminated hardwood flooring and fresh paint. All units have individual gas and electric meters and individual hot water heaters. The property enjoys a highly desirable location, a three-minute walk from Downtown Covina's vibrant shops and restaurants, and within easy reach of major freeways, providing convenient access to the San Gabriel Valley and Inland Empire. Nearby amenities include Target, IKEA, and other major retailers. The area also benefits from excellent schools, including those within the award-winning Covina-Valley Unified School District, and proximity to Mt. San Antonio College and Cal Poly Pomona. The property's strong location and features contribute to a current NOI of $83,044 and a pro-forma NOI of $98,879, representing a 4.90% cap rate and a pro-forma cap rate of 5.83%, respectively. The asking price is $1,695,000, or $282,500 per unit. Seller financing is available.