17
See all 17 photos
$1,528,000
Est. payment /mo
8 Beds
6 Baths
3,672 SqFt
Pending
305 E Navilla PL Covina, CA 91723
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Key Details
Property Type Single Family Home
Listing Status Pending
Purchase Type For Sale
Square Footage 3,672 sqft
Price per Sqft $416
MLS Listing ID 25577017
Bedrooms 8
HOA Y/N No
Year Built 1958
Lot Size 7,623 Sqft
Property Description
Prime Investment Opportunity. Welcome to 305 E Navilla Pl, a 6-unit multifamily property situated in one of the city's most desirable rental corridors and located just minutes from Downtown Covina. --- This property is ideal for investors seeking stabilized in-place cash flow with a high 6.55% cap rate and is currently 100% tenant-occupied. The unit mix consists of four 1+1 units and two 2+1 units on a 7,621 SF lot. --- Each unit is equipped with its own water heater, along with individual gas & electric meters, significantly reducing landlord expenses and boosting operational efficiency. On-site parking further enhances tenant convenience and overall appeal. --- Close to shops, dining, parks, and major freeways (I-10 & I-210), offering strong tenant appeal & long-term investor stability. Whether new to multifamily investing or expanding an established portfolio, 305 E Navilla Pl presents a rare opportunity to acquire a reliable, income-producing asset with value-add potential in one of the San Gabriel Valley's most established rental markets.
Location
State CA
County Los Angeles
Area 614 - Covina
Zoning CVR3-RD1250*
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Wood
Fireplace No
Appliance Dishwasher, Range, Refrigerator
Laundry None
Exterior
Parking Features Assigned, Covered, Detached Carport, On Street
Carport Spaces 6
Pool None
Total Parking Spaces 6
Private Pool No
Building
Lot Description Front Yard
Story 2
Entry Level Two
Water Public
Level or Stories Two
New Construction No
Schools
School District Covina Valley Unified
Others
Senior Community No
Tax ID 8445030017
Special Listing Condition Standard
Listed by Ting Zhou eXp Realty of Greater Los Angeles
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