Grandview Three

819 N. Grandview Avenue

Covina, CA 91723

Exclusive Offering

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 Price: $750,000

Price per Unit: $250,000

Price per SF: $397.88

Cap Rate: 4.02% 

GRM: 15.82

Opportunity Highlights

  • Great, low maintenance investment with 30 year financing available 

  • Non-rent control-City of Covina, CA

  • Two units have been fully renovated and outfitted with washer/dryer and updated split system air-conditioners

  • The rear unit maintains a private back yard. Upon remodel, the unit may capture a market rent of $1,475

  • Within proximity to Kahler Russell Park and Charter Oak High School

  • Surrounded by many quick service restaurants and retailers-Farmer Boys, Stater Bros, Dollar Tree, Little Caesar's Pizza, Starbucks, and 7-11

  • Wide and quiet residential street

  • Low price point allows for lower barrier of entry

  • Three covered parking spaces

 
 
 

Contacts:

CASEY PICARD

Managing Partner

626.376.9224

Casey.Picard@AggregateIP.com

Cal BRE #01921866

JACKSON WU

Director, KW Commercial

626.204.3312

Jackson@KWCommercial.com

Cal BRE #02039911