327 N Prospero Drive, Covina, CA 91723

About this property

We are pleased to exclusively present this rare value-add 7-unit multifamily investment opportunity in the highly sought-after city of Covina. The property is comprised of a desirable unit mix featuring mostly two-story townhouse-style layouts, including (2) 3-bedroom / 1.5-bath units, (2) 2-bedroom / 1.5-bath units, and (3) 2-bedroom / 1.5-bath single-level units. Each unit offers a spacious and functional floor plan, averaging approximately 1,100 square feet—an uncommon feature for buildings of this era. Residents enjoy a gated entry, covered parking, private patios or balconies, and the convenience of an on-site laundry facility. Each unit is individually metered for gas and electricity, allowing for simplified utility management and reduced operating expenses. With over 50% rental upside, this asset presents a compelling opportunity for investors to reposition the property and significantly increase cash flow. Located in a strong rental market with consistent demand, this well-located and generously sized property is ideal for the value-driven investor seeking long-term growth and stability.

Listing description from the June 2025 sale, as reported to CRMLS.

Sale history

$1,975,000

Sold June 2025 · on market April 2025 · MLS #CV25082530 · Source: CRMLS

Listing Agent: Kristopher German · Listing Office: RE/MAX 2000 REALTY · Contact: 909-645-0443 · Bought with: Pauline Cheng · Re/Max Premier Prop Arcadia

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