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305 E Navilla PL Covina, CA 91723
7,623 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25576349
HOA Y/N No
Year Built 1958
Lot Size 7,623 Sqft
Property Description
Welcome to 305 E Navilla Pl, a garden-style multifamily property situated in one of the city's most desirable rental corridors and located just minutes from Downtown Covina. --- This property is ideal for investors seeking stabilized in-place cash flow at a net 6.5% cap rate and is currently 100% tenant-occupied. The unit mix consists of four 1+1 units and two 2+1 units on a 7,621 SF lot. --- Each unit is equipped with its own water heater, along with individual gas & electric meters, significantly reducing landlord expenses and boosting operational efficiency. On-site parking further enhances tenant convenience and overall appeal. --- Close to shops, dining, parks, and major freeways (I-10 & I-210), offering strong tenant appeal & long-term investor stability. Whether new to multifamily investing or expanding an established portfolio, 305 E Navilla Pl presents a rare opportunity to acquire a reliable, income-producing asset with value-add potential in one of the San Gabriel Valley's most established rental markets.
Location
State CA
County Los Angeles
Area 614 - Covina
Zoning CVR3-RD1250*
Interior
Heating Wall Furnace
Fireplace No
Laundry None
Exterior
Utilities Available See Remarks
Total Parking Spaces 6
Building
Lot Description Front Yard
Story 2
Water Public
Others
Tax ID 8445030017
Special Listing Condition Standard
Listed by Ting Zhou eXp Realty of Greater Los Angeles