Covina Ranch | 18205 E Cypress St
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Covina Ranch 18205 E Cypress St
7 Unit Apartment Building $2,950,000 ($421,429/Unit) 3.52% Cap Rate Covina, CA 91723
Investment Highlights
- Private road
- Single standing homes
- Open lot
Executive Summary
Improved Pricing. This exceptionally well-suited property presents an extraordinary opportunity for both astute developers and shrewd income property investors alike. There are six 2/1 bath homes and one 4/2 bath house that sits on an approximate 1.192 Acre lot. Its remarkable attributes and strategic location make it an ideal canvas for those seeking to unlock its maximum potential. Whether you envision a visionary development project or a lucrative income-generating venture, this property stands as a testament to the untapped possibilities being that it’s a one-of-a-kind gem. With its prime location, favorable future market conditions, and positive future growth indicators, this investment holds the promise of substantial returns and long-term viability. Embrace the chance to harness the full potential of this property, as it emerges for those with the foresight to seize this exceptional opportunity. Property is being sold by trustee. Seller has full authority and does not need court confirmation. Seller has never lived on property and is exempt from some disclosures. Property sold as is and does not warranty any items. Buyer to do own diligence and verify square footage and all details of the property. Do not disturb tenants.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | $99,999 | $9.99 |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | $99,999 | $9.99 |
Net Operating Income | - | - |
Financial Summary (Actual - 2023) Click Here to Access
Gross Rental Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Other Income | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Net Operating Income | |
---|---|
Annual | - |
Annual Per SF | - |
Property Facts
Price | $2,950,000 | Apartment Style | Single Family Home |
Price Per Unit | $421,429 | Building Class | C |
Sale Type | Investment | Lot Size | 1.19 AC |
Cap Rate | 3.52% | Building Size | 6,900 SF |
Sale Conditions | Redevelopment Project | Average Occupancy | 100% |
No. Units | 7 | No. Stories | 1 |
Property Type | Multifamily | Year Built | 1956 |
Property Subtype | Apartment | Parking Ratio | 1.15/1,000 SF |
Price | $2,950,000 |
Price Per Unit | $421,429 |
Sale Type | Investment |
Cap Rate | 3.52% |
Sale Conditions | Redevelopment Project |
No. Units | 7 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Single Family Home |
Building Class | C |
Lot Size | 1.19 AC |
Building Size | 6,900 SF |
Average Occupancy | 100% |
No. Stories | 1 |
Year Built | 1956 |
Parking Ratio | 1.15/1,000 SF |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Washer/Dryer Hookup
- Kitchen
- Hardwood Floors
- Tub/Shower
- Wi-Fi
- Dining Room
PROPERTY TAXES
Parcel Number | 8421-015-004 | Improvements Assessment | $328,474 (2024) |
Land Assessment | $210,533 (2024) | Total Assessment | $539,007 (2024) |
PROPERTY TAXES
Parcel Number
8421-015-004
Land Assessment
$210,533 (2024)
Improvements Assessment
$328,474 (2024)
Total Assessment
$539,007 (2024)
zoning
Zoning Code | LCRA7000* (Five of More Units Or Apartments) |
LCRA7000* (Five of More Units Or Apartments) |
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Covina Ranch | 18205 E Cypress St
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