We are pleased to exclusively offer for sale a remarkable investment opportunity in the city of Covina, 5 pride of ownership units constructed in 1985. The unit mix includes four 2-bedroom/1.5-bathroom two-story town-house style units, each offering two levels of living space, and one oversized 1-bedroom/1-bathroom unit. Collectively, these units comprise 4,486 rental square feet on a well-proportioned 10,201 square foot lot. The property boasts a solid 5.56% CAP rate and a 12.73 Gross Rent Multiplier, underlining its profitability and investment appeal.
Each unit is equipped with central air conditioning and heating, ensuring comfort year-round. Tenants also benefit from private garage and open space parking (13 spaces total), private patios, and interior laundry hookups. Each unit amenity enhances desirability and tenant satisfaction. This investment represents a unique opportunity to acquire a stable, high-yield asset in Covina, ideal for investors seeking a property with both immediate returns and long-term growth potential.
Sold for $1,575,000 on 04/02/25
Listing Provided by:
Kristopher German DRE #01800021 909-645-0443,
RE/MAX 2000 REALTY
Bought with: RE/MAX 2000 REALTY
$1,575,000
219 W Center St, Covina, CA 91723
9beds
9baths
4,486sqft
Multi Family
Built in 1985
-- sqft lot
$1,544,200 Zestimate®
$351/sqft
$2,695 Estimated rent
Home value
$1,544,200
$1.41M - $1.70M
$2,695/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: April 02, 2025 at 11:17pm
Listing Provided by:
Kristopher German DRE #01800021 909-645-0443,
RE/MAX 2000 REALTY
Bought with:
Kristopher German, DRE #01800021
RE/MAX 2000 REALTY
Source: CRMLS,MLS#: CV25015027
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 9
Heating
- Central
Cooling
- Central Air
Appliances
- Laundry: Washer Hookup, Inside
Features
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 4,486
- Total interior livable area: 4,486 sqft
Property
Parking
- Total spaces: 13
- Parking features: Assigned, Garage
- Garage spaces: 8
- Uncovered spaces: 5
Features
- Entry location: Ground
- Pool features: None
- Spa features: None
- Fencing: Brick
- Has view: Yes
- View description: None
Lot
- Size: 10,204 sqft
- Features: 0-1 Unit/Acre
Details
- Parcel number: 8444002030
- Zoning: CVR3-RD1250*
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Foundation: Slab
- Roof: Tile
Condition
- New construction: No
- Year built: 1985
Utilities & green energy
- Electric: Standard
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available, Sewer Available, Water Available
Community & neighborhood
Community
- Community features: Gutter(s), Street Lights, Sidewalks
Location
- Region: Covina
Other
Other facts
- Listing terms: Cash to New Loan
Price history
| Date | Event | Price |
|---|---|---|
| 4/2/2025 | Sold | $1,575,000$351/sqft |
Source:  CRMLS #CV25015027 | ||
| 2/3/2025 | Pending sale | $1,575,000$351/sqft |
Source: CRMLS #CV25015027 | ||
| 1/22/2025 | Listed for sale | $1,575,000+511.7%$351/sqft |
Source: CRMLS #CV25015027 | ||
| 10/7/2019 | Listing removed | $1,600 |
Source: Real Property Management East San Gabriel Valley CalBre:01904551 | ||
| 9/30/2019 | Listed for rent | $1,600+28% |
Source: Zillow Rental Network | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,441 +4.4% | $323,419 +2% |
| 2024 | $4,253 +1.5% | $317,079 +2% |
| 2023 | $4,192 +1.3% | $310,863 +2% |
Find assessor info on the county website
Neighborhood: 91723
Nearby schools
GreatSchools rating
- 4/10Workman Avenue Elementary SchoolGrades: K-5Distance: 0.9 mi
- 5/10Traweek Middle SchoolGrades: 6-8Distance: 0.7 mi
- 7/10Covina High SchoolGrades: 9-12Distance: 0.6 mi
Get a cash offer in 3 minutes
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Estimated market value
$1,544,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,544,200