Property Details
About this Property
We are pleased to exclusively present this rare value-add 7-unit multifamily investment opportunity in the highly sought-after city of Covina. The property is comprised of a desirable unit mix featuring mostly two-story townhouse-style layouts, including (2) 3-bedroom / 1.5-bath units, (2) 2-bedroom / 1.5-bath units, and (3) 2-bedroom / 1.5-bath single-level units. Each unit offers a spacious and functional floor plan, averaging approximately 1,100 square feet—an uncommon feature for buildings of this era. Residents enjoy a gated entry, covered parking, private patios or balconies, and the convenience of an on-site laundry facility. Each unit is individually metered for gas and electricity, allowing for simplified utility management and reduced operating expenses. With over 50% rental upside, this asset presents a compelling opportunity for investors to reposition the property and significantly increase cash flow. Located in a strong rental market with consistent demand, this well-located and generously sized property is ideal for the value-driven investor seeking long-term growth and stability.
MLS Listing Information
MLS #
CRCV25082530
MLS Source
California Regional MLS
Interior Features
Cooling
Window/Wall Unit
Heating
Wall Furnace
Exterior Features
Roof
Shingle
Parking, School, and Other Information
Garage/Parking
Carport, Garage: 0 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
327 N Prospero Dr is a Residential Income in Covina, CA 91723. This – square foot property sits on a 7,745 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,975,000 and was built in 1963. This address can also be written as 327 N Prospero Dr, Covina, CA 91723.
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This listing information is up-to-date as of June 27, 2025. For the most current information, please contact Kristopher German, (626) 427-0786
