244 E College, Covina, CA 91723

About this property

This a rare opportunity to acquire SRF development opportunity. The proposed 3-unit single-family residential complex each has 3 bedroom/2.5 bath units. All units with attached garages and direct access from the garage into the units. All units have a 1st-floor private yard with a front porch, all bedrooms upstairs and laundry hooks up inside. Market rent for each unit is $3,800 total project monthly rental income is $11,400. The property is located within minutes of the I-10, and CA-210 Freeways and is within 5 mins walking distance of downtown Covina. The development has been approved by the city planning division only and is ready to continue with the building permits. Lot size about 10,499 sq. ft. Access to the quiet College St with alley access. This sale is for land value with planning approved plan.

Listing description from the May 2023 sale, as reported to CRMLS.

Sale history

$460,000

Sold May 2023 · listed $475,000, on market April 2023 · MLS #DW23056471 · Source: CRMLS

Listing Agent: Freddy Manzano · Listing Office: Excellence RE Real Estate · Contact: 213-407-9355 · Bought with: MING-SHENG HOU · VAAC INTERNATIONAL, INC.

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