449 Puente St Covina, CA 91723-2721
- Apartment buildings
- 5,022 SF
- 0.25 lot acres
Oct 23, 2024
Current Use by Public Records
- Apartment buildings
Property Details for 449 Puente St
- Year built
- 1964
- Construction
- WOOD
- Lot size
- 0.25 lot acres
- Property size
- 5,022 SF
- Zone code
- CVR3-RD200
- Property type
- Apartment buildings
- APN
- 8445-015-034
- APU
- 8445015034
Description
This exceptional investment opportunity presents a well-maintained five-unit apartment complex ideally situated in Covina, California, at 449 E Puente Street. The property boasts a total area of 5,022 square feet and sits on a 0.25-acre lot. The complex comprises four two-bedroom units and one three-bedroom unit, offering a diverse range of housing options. Currently operating at 100% occupancy, all tenants are current on their rent, reflecting market-rate values. This translates to a stable and predictable income stream for the investor. The property's prime location near Eastland Shopping Center and Downtown Covina provides convenient access to a wealth of amenities, including shopping, dining, and entertainment. This makes the units highly attractive to renters, ensuring continued high occupancy rates. The strong tenant base and desirable location combine to create a compelling investment opportunity with significant potential for future growth and appreciation. The property is offered at $1,700,000. This represents a rare chance to acquire a well-performing multi-family asset in a thriving California market. Serious inquiries are encouraged.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Covina
- County
- Los Angeles
- State
- California
- Longitude
- -117.882
- Latitude
- 34.0829
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
