819 N Grandview Avenue, Covina, CA 91723

About this property

Please check the documents tab to access the marketing package. Located in Covina, California, this low maintenance triplex offers (3)-1 bed / 1 bath units and offers an incoming cap rate north of 4%. Two of the three units have been fully renovated with washer/dryer hook-ups and new split system air-conditioners. With the rear unit in need of a renovation, the new owner may realize a rental bump of approximately $275 per month. The property sits on a quiet residential street and has easy access to restaurants, retailers, and Stater Bros. market. Furthermore, the property is in proximity to Kahler Russell Park and Charter Oak High School. This property is ideal for a buyer looking for the possibility to lock in a low interest rate thirty year loan with great cash flow for an investment of this size. With the upside presented in the back unit, the project offers promise of growth in a great neighborhood.

Listing description from the August 2019 sale, as reported to CRMLS.

Sale history

$739,900

Sold August 2019 · listed $750,000, on market May 2019 · MLS #P0-819002220 · Source: CRMLS

Listing Agent: Casey Picard · Listing Office: Keller Williams Realty · Contact: (626) 204-3300 · Bought with: Casey Picard · Keller Williams Realty

$485,000

Sold May 2016 · listed $500,000, orig. $470,000, on market March 2016 · MLS #CV16061200 · Source: CRMLS

Listing Agent: DINA ELZIK · Listing Office: ANCHOR CALIFORNIA REAL ESTATE · Contact: 626-383-8875 · Bought with: RICHARD FEWER · DYNASTY REAL ESTATE

$395,000

Sold February 2012 · listed $399,900, orig. $429,900, on market July 2011 · MLS #C11085555 · Source: CRMLS

Listing Agent: CHRISTIAN FUENTES · Listing Office: RE/MAX TOP PRODUCERS · Contact: 909-590-8853 · Bought with: RODRIGO ALVAR · RODRIGO ALVAR, BROKER

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