This Multifamily Property is no longer advertised on LoopNet.com.

1033 W Cypress St
Covina, CA 91722
Multifamily Property For Sale · 6 Units

Investment Highlights

  • Well-maintained 6-unit multifamily property with a desirable mix of studio, one-bedroom, and two-bedroom units
  • Most units have been upgraded, providing additional appeal to tenants and reducing future capital expenditures
  • Prime location across from Northview High School and walking distance to local schools, shops, and restaurants
  • Rental upside with current rents below market, offering potential for increased returns
  • No local rent control in Covina, allowing rent increases under California AB1482
  • Convenient access to Covina Metrolink station and major freeways (10 and 210), enhancing tenant commute options

Property Facts

No. Units 6
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.18 AC
Building Size 5,132 SF
Average Occupancy 100%
No. Stories 2
Year Built 1963
Zoning LCR3*

Amenities

Site Amenities

  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 1 $1,470 650
1+1 1 $1,810 816
2+1.5 4 $2,223 950

Property Taxes

Property Taxes

Parcel Number
8420-014-052
Land Assessment
$1,196,841
Improvements Assessment
$435,213
Total Assessment
$1,632,054
  • Listing ID: 33516596

  • Date on Market: 10/15/2024

  • Last Updated:

  • Address: 1033 W Cypress St, Covina, CA 91722

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