305 E NAVILLA PLACE, COVINA CA 91723
- 3,672 sq.ft.
- 7,621 sq.ft. lot
Property Description
Prime Investment Opportunity. Welcome to 305 E Navilla Pl, a 6-unit 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 with a high 6.55% 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.
Listing Courtesy of Ting Zhou, eXp Realty of Greater Los Angeles
Interior Features
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