327 N Prospero Drive, Covina, CA 91723 - Berkshire Hathaway HomeServices California Properties
Phone949-212-2023
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327 N Prospero Drive, Covina, CA 91723

$1,975,000 Approx. USD 0 beds, 0 baths
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Listing Agent


Kristopher German | kris@theapartmentdealer.com
Lic#: 01800021
Broker: Courtesy of RE/MAX 2000 REALTY

Agent Remarks

We are pleased to exclusively present this rare value-add 7-unit multifamily investment opportunity in the highly sought-after city of Covina. The property is comprised of a desirable unit mix featuring mostly two-story townhouse-style layouts, including (2) 3-bedroom / 1.5-bath units, (2) 2-bedroom / 1.5-bath units, and (3) 2-bedroom / 1.5-bath single-level units. Each unit offers a spacious and functional floor plan, averaging approximately 1,100 square feet—an uncommon feature for buildings of this era. Residents enjoy a gated entry, covered parking, private patios or balconies, and the convenience of an on-site laundry facility. Each unit is individually metered for gas and electricity, allowing for simplified utility management and reduced operating expenses. With over 50% rental upside, this asset presents a compelling opportunity for investors to reposition the property and significantly increase cash flow. Located in a strong rental market with consistent demand, this well-located and generously sized property is ideal for the value-driven investor seeking long-term growth and stability.

Listing Details

Property type: Apartment (Multi-Family)
Status: Pending
MLS# CV25082530
Price: $1,975,000
HOA Fee is $0.00
Beds: 0
Baths: 0
Living Room fireplaces
Built in 1963
2 stories
0.18 acres
Lot size: 0.1778
County: Los Angeles
Zoning: CVRD2000*
Parking description: Carport
Lot description: ZeroToOneUnitAcre
Heating/cooling: Wall/Window Unit(s)
Heating description: Wall Furnace
MLS area: 614 - Covina

Last Updated: 5/3/2025

 Days On Market (DOM): 17

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This listing belongs to the 614 - Covina MLS area

Lat/Long: 34.088757, -117.878868.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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