Covina, CA 91723 335 N Prospero Drive
$1,650,000
2 more
Presented By: Kristopher German with RE/MAX 2000 REALTY; 909-645-0443
Beds • 10
Full/Half Baths • 6 / 6
SQFT • 5,348
Garage • 1
Year Built • 1961
Home Details
We are pleased to exclusively offer for sale this “value-add” opportunity in the highly sought after rental community of Covina. The subject property is comprised of six units: (4) 2-Bedroom / 1.5-Bath Townhouse-Style units, and (2) 1-bedroom / 1.5-bath single-story units. The unit mix provides a desirable balance of layouts for a diverse tenant base.
Tenants benefit from in-unit laundry hookups, private patios, gated entry, and covered/enclosed parking. All units are individually metered for gas and electricity, keeping operating costs efficient.
With over 40% upside in rental income, this asset presents a strong value-add opportunity in a supply-constrained market. Located near Downtown Covina, the property offers convenient access to local amenities, retail, and transit.
Presented By: Kristopher German with RE/MAX 2000 REALTY; 909-645-0443
Interior Features for 335 N Prospero Drive
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsOneCommonWall
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesInside
Total Stories2
Other Rooms
Entry Level1
General for 335 N Prospero Drive
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Spaces6.0
Carport Y/NYes
CityCovina
Community FeaturesStreetLights, Sidewalks
Contingency
CoolingWallWindowUnits
CountyLos Angeles
Current FinancingNone
DirectionsNorth of Badillo St, East of Branca Ave
Electric On Property Y/NNo
Entry Location1
Garage Spaces0.0
Garage Y/NNo
Gross Income111000.0
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 Feet7381.0
Lot Size UnitsSquareFeet
MLS Area614 - Covina
MobileHomeRemainsYNNo
Net Operating Income74083.0
New ConstructionNo
Number Of Units Total6
Operating Expense33587.0
Pool FeaturesNone
PossessionCloseOfEscrow
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 Lot9
Taxes$19,127
Tenant PaysElectricity, Gas
Trash Expense2280.0
UtilitiesElectricityAvailable, NaturalGasAvailable, SewerAvailable, WaterAvailable
ViewNone
Water Sewer Expense2280.0
Waterfront Y/NNo
Year Built1961
Year Built SourceAssessor
ZoningCVRD2000*
Exterior for 335 N Prospero Drive
Building Area Total5348.0
Crops Included Y/NNo
FencingWood
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre
Lot Size Acres0.1694
Lot Size Area7381.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters6
Number of Separate Gas Meters6
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesDetachedCarport
Private PoolNo
SpaNo
Total Parking6.0
Water SourcePublic
Additional Details
Price History
Keegan Cin
Team Lead
Price
$1,650,000
MLS#CV25088048
List Date
04/22/2025
Property Type
Multi-Family
Phone
(310) 963-5595
