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    331 N Vecino Drive

    Covina, CA 91723
    • $2,000,000
    • STATUS: Pending
    • ON SITE: 17 days
    • ID#: CV21031600
    Pending
    UPDATED: 40 min ago
    $2,000,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,146
      SQFT
    • $280
      $/SQFT
    Neighborhood:
    614 - Covina
    Type:
    Multi-Family
    Built:
    1962
    County:
    Los Angeles
    Area:
    614 - Covina

    School Ratings & Info

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    Description

    Great Covina Investment property! 100% occupied with tenants paying on time. 7 Units all 2 bedrooms and 2 baths each with their own Carport and community coin operated Laundry area.. One single story unit, 2 upstairs units(single level), and 4 units Townhouse style up & Down. Excellent location with walking distance to grocery stores, Restaurants, etc... Central location. Wont Last !! DO NOT DISTURB TENANTS

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-03-05T13:30:59.99. 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Southwest. Licensed in the State of California, USA.

    www.necolrealty.com/homes/114262534
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    331 N Vecino Drive Covina, CA 91723

    • Price: $2,000,000
    • Status: Pending
    • Updated: 40 min ago
    • ID#: CV21031600
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    7,146
    SQFT
    $280
    $/SQFT
    1962
    Built
    Neighborhood:
    614 - Covina
    County:
    Los Angeles
    Area:
    614 - Covina
    Property Description
    Great Covina Investment property! 100% occupied with tenants paying on time. 7 Units all 2 bedrooms and 2 baths each with their own Carport and community coin operated Laundry area.. One single story unit, 2 upstairs units(single level), and 4 units Townhouse style up & Down. Excellent location with walking distance to grocery stores, Restaurants, etc... Central location. Wont Last !! DO NOT DISTURB TENANTS
    Exterior Features

    Carport Spaces 7.00 Garage Spaces 0.00 Lot Features Front YardLandscapedNear Public Transit Lot Size Source Assessor Lot Size Units Square Feet Parking Features CarportAttached Carport Parking Total 7.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved View Neighborhood View YN Yes

    Interior Features

    Appliances Gas OvenGas Cooktop Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area 1000 Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features None Fireplace YN No Flooring CarpetLaminate Heating Wall Furnace Heating YN Yes Laundry Features Common AreaCommunityIndividual Room Levels OneTwo

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 4.10 Community Features GuttersSidewalksStreet Lights Country Us Electric Expense 4014.00 Elevation Units Feet Fuel Expense 485.00 Gardener Expense 1200.00 Gross Income 115200.00 Gross Multiplier 17.36 Gross Scheduled Income 115200.00 Insurance Expense 4262.00 Land Lease YN No Laundry Equipment Own Lease Own Laundry Income 4200.00 Laundry YN Yes Maintenance Expense 12403.00 Net Operating Income 82460.00 New Construction YN No New Taxes Expense 24000.00 Number Of Separate Electric Meters 8 Number Of Separate Gas Meters 8 Number Of Separate Water Meters 1 Number Of Units Leased 7 Number Wall AC 7 Number With Range 7 Operating Expense 32740.00 Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 9250.00 Total Expenses 32740.00 Trash Expense 2134.00 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Sewer Expense 583.00 Water Source Public Year Built Source Assessor Zoning Cvrd2000*

    Listing provided courtesy of Douglas Mitchell of Mitchell Realty Co.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-03-05T13:30:59.99. 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Southwest. Licensed in the State of California, USA.

     
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