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Key Details
Sold Price $950,000
Property Type Townhouse
Sub Type Townhome
Listing Status Sold
Purchase Type For Sale
Square Footage 1,891 sqft
Price per Sqft $502
MLS Listing ID TR23031244
Sold Date 04/14/23
Style Ranch
Bedrooms 6
Full Baths 2
Half Baths 1
Year Built 1954
Property Sub-Type Townhome
Property Type Townhome
Property Description
This charming duplex nestled in the heart of West Covina, California. This property is a fantastic investment opportunity for both owner/users and investors looking to grow their portfolios. Owner occupies the front unit and rents out the second unit; the rental income is good enough to cover the expenses for the entire property. The front unit features 3 bedrooms and 1.5 bathrooms, while the back unit boasts 3 bedrooms and 1 bathroom. Both units are spacious, with large living rooms and dining areas perfect for entertaining guests. The total living space is 1,891 square feet and the lot size is an ample 7,603 square feet. Built in 1954, this single-story duplex has been beautifully maintained with professional landscaping and features a sparkling swimming pool situated between the two units. The property is located within walking distance to South Hills High School and is conveniently located near shopping centers, parks, schools, and has easy access to freeways. This duplex comes with central air conditioning and the current owner occupies the front unit, while the tenant occupies the back unit with under-market rent on a month-to-month basis. The up-to-date solar system save you huge electricity bill for hot summer in California. This presents an opportunity for a new owner to increase rent and maximize their return on investment. The gross scheduled income is estimated to be $63,960 with a CAP rate of 5.10%. Don't miss out on this once-in-a-lifetime opportunity to own this stunning duplex in the heart of West Covina, with excellent investment potential and better return
Location
State CA
County Los Angeles
Zoning WCR1*
Direction N. Citrus
Interior
Interior Features Copper Plumbing Partial, Granite Counters, Pantry, Recessed Lighting, Tile Counters, Unfurnished
Heating Forced Air Unit, Passive Solar
Cooling Central Forced Air
Flooring Laminate, Wood
Fireplace No
Appliance Dishwasher, Solar Panels, Gas Stove
Exterior
Garage Spaces 2.0
Fence Average Condition
Pool Below Ground, Private, Filtered
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Water Available, Sewer Connected
View Y/N Yes
Water Access Desc Public
View Mountains/Hills, Neighborhood, Trees/Woods
Roof Type Composition,Rock/Gravel
Accessibility Doors - Swing In
Building
Story 1
Sewer Public Sewer, Sewer Paid
Water Public
Level or Stories 1
Others
Special Listing Condition Standard
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Bought with Jeannie Madali REdefine Realty Group
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Glen Henderson
Broker Associate | CA BRE #01384181
Broker Associate CA BRE #01384181
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