530 S San Jose Avenue, Covina, CA 91723

About this property

We are pleased to present an incredible opportunity to acquire this trophy property from the original owner. This condo quality apartment complex features eight units, including six spacious 1-bedroom/1-bathroom units (approx. 750 sq ft each) and two expansive 2-bedroom/1.5-bathroom townhomes with attached two-car garages (approx. 1,200 sq ft each). The vast 16,852 sq ft lot provides ample area for a potential for up to four additional ADUs through garage conversion with 7 open parking spaces to spare. With a newer (2016) roof, laundry hookups, patio/balcony/backyard spaces, central air, and a cement driveway, this low-maintenance gem is nestled in a residential neighborhood. Located minutes away from Eastland Shopping Plaza, Downtown Covina, Ikea, LA Fitness, Covina Metro Link station, and freeway access, this highly desirable location appeals to renters seeking convenience and an exceptional lifestyle. The last increase in rents was in Aug. 2022. Buyer to cooperate with seller on their 1031 exchange. Drive by only. PLEASE DO NOT ENTER PROPERTY.

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

Sale history

$2,670,000

Sold August 2023 · listed $2,695,000, on market June 2023 · MLS #AR23103332 · Source: CRMLS

Listing Agent: Matt Cuong Ly · Listing Office: Coldwell Banker Realty · Contact: 626-445-5500 · Bought with: WEN LUO · KINGSTON REALTY

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