Covina, CA 91723 673 S Eremland Drive
$1,525,000
1 more
Presented By: Kristopher German with RE/MAX 2000 REALTY; 909-645-0443
Beds • 11
Full/Half Baths • 5 / 5
SQFT • 4,842
Garage • 6
Year Built • 1961
Home Details
We are pleased to exclusively offer for sale this 5 Unit “value-add” opportunity in the city of Covina. Comprised of 100% Two-Story Townhouse style units, the unit mix consists of: (1) 3-Bedroom / 1.5-Bath Townhouse & (4) 2-Bedroom / 1.5-bath Townhouse style units. Each unit is approximately 1,000 sqft., providing spacious layouts well-suited for stable, long-term tenancy.
Tenants benefit from gated entry, covered enclosed parking, private patios, and access to an on-site laundry facility. All units are individually metered for gas and electricity, allowing for efficient utility management.
With 50% upside in rental income, a prime rental location, and desirable unit mix, this property offers an ideal value-add opportunity. Ideally located in a private cul-de-sac just minutes from Downtown Covina, the subject property offers access to restaurants, shopping, and nightlife
Presented By: Kristopher German with RE/MAX 2000 REALTY; 909-645-0443
Interior Features for 673 S Eremland Drive
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories2
Other Rooms
Entry Level1
General for 673 S Eremland Drive
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityCovina
Community FeaturesStreetLights, Sidewalks
CoolingWallWindowUnits
CountyLos Angeles
DirectionsJust south of Rowland St between Barranca Ave and Citrus Ave
Electric On Property Y/NNo
Entry Location1
Garage Spaces6.0
Garage Y/NYes
Gross Income99660.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense4500.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCashToNewLoan
Lot Size Square Feet9315.0
Lot Size UnitsSquareFeet
MLS Area614 - Covina
MaintenanceExpense3750.0
MobileHomeRemainsYNNo
Net Operating Income65192.0
New ConstructionNo
Number Of Units Total5
Operating Expense31478.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
RoofShingle
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tax Lot30
Taxes$17,679
Tenant PaysElectricity, Gas
Trash Expense2400.0
UtilitiesElectricityAvailable, NaturalGasAvailable, SewerAvailable, WaterAvailable
ViewNone
Water Sewer Expense2400.0
Waterfront Y/NNo
Year Built1961
Year Built SourceAssessor
ZoningCVR3-RD1500*
Exterior for 673 S Eremland Drive
Building Area Total4842.0
Crops Included Y/NNo
FencingBrick, Wood
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre
Lot Size Acres0.2138
Lot Size Area9315.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters5
Number of Separate Gas Meters5
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesGarage, GarageFacesRear
Private PoolNo
Road Surface TypePaved
SpaNo
Total Parking6.0
Water SourcePublic
Additional Details
Price History
Alexandra Eston
Sales Associate
Price
$1,525,000
MLS#CV25081553
List Date
04/14/2025
Property Type
Multi-Family
Phone
(562) 537-4182
