211 East Center Street

Covina, CA 91723

$1,695,000
Price
1
Beds
6
Baths
4,152 Sq. Ft.
$408 / Sq. Ft.
4,152
Sq. Ft.
$408
per Sq. Ft.

Description

The seller will finance the property. We are pleased to exclusively present the opportunity to acquire 211 East Center Street, a 6-unit multifamily investment property located in the heart of Covina, California. The property is conveniently situated on the northeast corner of East Center Street and South Second Avenue, a quick three-minute walk to Downtown Covina. Constructed in 1962, the property is situated on a 10,504 square feet parcel with a total building area of 4,152 square feet. The single-story...The seller will finance the property. We are pleased to exclusively present the opportunity to acquire 211 East Center Street, a 6-unit multifamily investment property located in the heart of Covina, California. The property is conveniently situated on the northeast corner of East Center Street and South Second Avenue, a quick three-minute walk to Downtown Covina. Constructed in 1962, the property is situated on a 10,504 square feet parcel with a total building area of 4,152 square feet. The single-story property consists of three separate buildings with six one-bedroom/one-bathroom floor plans. The buildings offer two enclosed carports in the front, six single-car garages with new garage doors accessible via rear alley, an on-site laundry room, and new external electrical panels. The selected unit has been renovated with laminated hardwood flooring and freshly painted interiors. All units are individually metered for gas and electricity, and all units have individual hot water heaters. The offering is ideally located in a stable residential neighborhood just a mile north of Interstate 10 Freeway, providing residents with easy access to cities in San Gabriel Valley and Inland Empire. The property has convenient access to major retail and department stores such as Target, IKEA, Sprouts, Office Depot, and Marshalls. Multiple schools are within a one-mile radius of the subject property, including Cypress Elementary School, Sierra Vista Middle School, and Covina High School, attracting long-term residents. The Covina-Valley Unified School District was recently presented with the California Gold Ribbon Schools Award, ranked the Best Elementary Schools by U. S. News and World Report, and awarded the Golden Bell Winner by the California School Boards Association. For higher education, both Mt. San Antonio College and California State Polytechnic University are a short ten-minutes’ drive away from the subject property. Ranked the top 3% of community colleges in the country, Mt. San Antonio College is a public community college that offers more than 400 degree and certificate programs, 36 support programs, and more than 50 student clubs and athletic programs. Situated on more than 1,700 acres of land, Cal Poly Pomona is one of three polytechnic universities in the California State University system devoted primarily to the instruction of technical arts and applied sciences.
  1. Listed by Douglas McCauley • DRE #01155706 • Brokerage DRE #00530854 • MARCUS & MILLICHAP • 626-695-6776
  2. Listed by David Covarrubias • DRE #01941403 • Brokerage DRE #00530854 • MARCUS & MILLICHAP

Property Details for 211 East Center Street

Parking Spaces Total
8
Private Pool
No
Total Units
6.0
Building Type
Attached
Lot Size Source
Other
Living Area
4152
Assessor Parcel Number
8445-011-020
Property Attached YN
true
LISTING UPDATED: 12/11/2024 07:33 AM

Property Details for 211 East Center Street

StatusActive
MLS #CV24166646
Days on Market132
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1962
CountyLos Angeles County

Building Information for 211 East Center Street

Building/Complex211 E Center StFloor-Stories1Residences-Pet Policy-Year Built1962Building Size-

Property Information for 211 East Center Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $122,256
  • Gross Scheduled Income: $122,256
  • Vacancy Allowance: 2445
  • Vacancy Allowance Rate: 2
  • Gross Operating Income: $122,511
  • Net Operating Income: $83,682
  • Garage Income: $1,200
  • Laundry Income: $1,500
  • Gross Multiplier: 13.86
  • Cap Rate: 4.94
Expense Details
  • Operating Expense: $38,829
  • Operating Expense Percent: 31.70%
  • New Taxes Expense: $19,800
  • Gardener Expense: $1,200
  • Fuel Expense: $220
  • Pest Control Expense: $1,080
  • Electric Expense: $1,115
  • Insurance Expense: $4,000
  • Maintenance Expense: $5,000
  • Professional Management Expense: $0
  • Trash Expense: $4,258
  • Water Sewer Expense: $2,156
  • Total Expenses: $38,829
Tax / Assessment Info
  • Tax Block: 9
  • Tax Tract Number: 0
  • Tax Census Tract: 4061.03
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 12
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
Exterior Features
  • Entry Location: Front
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Corner Lot, Lot 10000-19999 Sqft
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 6
  • Parking Garage Spaces: 6
  • Carport Spaces: 2
Unit Information
Unit 1
  • Unit Type Units Total: 6
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 6
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,698
  • Unit Type Total Rent: $10,188
  • Unit Type Pro Forma: 1945
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1

Property History for 211 East Center Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 211 East Center Street

Taxable ValueLand$1,144,440Additions$510,146Total$1,654,586
Tax Record2024$21,647 ($1,804 / month)
Home Facts
Total Finished SqFt4,152 SqFtAbove Grade Finished SqFt4,152 SqFtLot Size10,504 SqFtStyleMulti-Family Res (5+ Units)Year Built1962ZoningCVR3-RD125CountyLOS ANGELESAPN8445-011-020

Schools near 211 East Center Street

This home is within Covina-Valley Unified School District.
Rating
School
Type
Grades
Distance
Barranca Elementary School
Public - K to 5
Sierra Vista Middle School
Public - 6 to 8
South Hills High School
Public - 9 to 12
Fairvalley High (Continuation) School
Public - 9 to 12
Rating
School
Distance
Barranca Elementary School
PublicK to 5

Sierra Vista Middle School
Public6 to 8

South Hills High School
Public9 to 12

Fairvalley High (Continuation) School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 211 East Center Street, Covina, CA 91723

211 East Center Street is a multi-family home for sale in Covina, CA 91723. This property was listed for sale on August 12, 2024 by MARCUS & MILLICHAP, it's currently listed at $1,695,000. It has been on the market for a total of 132 days and was last sold on March 24, 2022. This listing's school district is Covina-Valley Unified School District. Nearby schools include Barranca Elementary School, Sierra Vista Middle School and South Hills High School. 211 East Center Street is a 1-bed, 6-bath, 4,152 sqft multi-family home built in 1962.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of MARCUS & MILLICHAP, Douglas McCauley, DRE #01155706; MARCUS & MILLICHAP, David Covarrubias, DRE #01941403

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.