554 E Hurst St
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554 E Hurst St
4 Unit Apartment Building $1,250,000 ($312,500/Unit) 3.80% Cap Rate Covina, CA 91723
Investment Highlights
- close to park
- onsite laundry
- easy access freeway
Executive Summary
This 4-unit apartment complex is located on a quiet cul-de-sac in the heart of Covina, sitting on a generous 7,300 SF lot. The two-story building features an ideal unit mix, offering spacious 2-bedroom, 1-bathroom apartments, each with long-term tenants. The property is separately metered for electricity and gas and includes a shared laundry facility. First-floor units enjoy private patios, while all units are equipped with window A/Cs and ceiling fans for added comfort.
Parking is ample, with a secured attached garage providing 4 spaces, and tandem parking options bringing the total to 8 spaces. Situated with easy access to major freeways, including the 210, 57, 10, and 605, this property is conveniently close to a wide range of amenities such as parks, schools, libraries, shopping centers, and public transportation. Azusa Pacific University is also just minutes away. This is a fantastic investment opportunity in a prime Covina location!
Parking is ample, with a secured attached garage providing 4 spaces, and tandem parking options bringing the total to 8 spaces. Situated with easy access to major freeways, including the 210, 57, 10, and 605, this property is conveniently close to a wide range of amenities such as parks, schools, libraries, shopping centers, and public transportation. Azusa Pacific University is also just minutes away. This is a fantastic investment opportunity in a prime Covina location!
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| 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 | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $1,250,000 | Property Subtype | Apartment |
| Price Per Unit | $312,500 | Apartment Style | Low Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 3.80% | Lot Size | 0.17 AC |
| Sale Conditions | 1031 Exchange | Building Size | 3,464 SF |
| Gross Rent Multiplier | 19 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1959 |
| Property Type | Multifamily | Parking Ratio | 4/1,000 SF |
| Price | $1,250,000 |
| Price Per Unit | $312,500 |
| Sale Type | Investment |
| Cap Rate | 3.80% |
| Sale Conditions | 1031 Exchange |
| Gross Rent Multiplier | 19 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 3,464 SF |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 4/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Ceiling Fans
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
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Walk Score ®
Very Walkable (73)
PROPERTY TAXES
| Parcel Number | 8429-008-021 | Improvements Assessment | $360,544 (2024) |
| Land Assessment | $468,708 (2024) | Total Assessment | $829,252 (2024) |
PROPERTY TAXES
Parcel Number
8429-008-021
Land Assessment
$468,708 (2024)
Improvements Assessment
$360,544 (2024)
Total Assessment
$829,252 (2024)
zoning
| Zoning Code | CVR3-RD200 (Residential) |
| CVR3-RD200 (Residential) |
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554 E Hurst St
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