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Sold$1,975,000on Jun 27, 2025
327 N Prospero Drive, Covina, Ca 91723
RE/MAX 2000 REALTY
10Beds
8Baths
17Days Listed
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 feetan 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.
Kristopher GermanRE/MAX 2000 REALTY909-645-0443
Property Location
Map
Property Details
- Property Type
- Res Income 2-4 Units
- Bedrooms
- 10
- Bathrooms
- 8
- Building Area
- 0 Sqft
- Living Area
- 0 sqft
- Year Built
- 0
- Status
- Sold
- Days on Market
- 17
- Cumulative Days on Market
- 18
- Original Price
- $1,975,000
Location & Neighborhood
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Covina Market Snapshot
117
Active Listings
$719K
Median Price
100
Avg Days on Market
Last updated: Jun 28, 2025
More Sold Properties in Covina
View allBased on information from California Regional Multiple Listing Service, Inc. as of the date of this data. 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.
$1,975,000