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AboutDevelopment ServicesPrivate OfficeFranchising
USD $1,975,000
327 N Prospero Drive, Covina, CA, 91723, US
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Listing Courtesy of  RE/MAX 2000 REALTY, Kristopher German, , State License #01800021
7,745 sq.ft
MLS#: CV25082530
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.
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.
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Listing Highlights

  • Subtype

    Apartment

  • Year Built

    1963

  • Stories

    2

  • Lot Size (Sq Ft)

    7,745 sq.ft

  • Heating

    Wall Furnace

  • Cooling

    Wall/Window Unit(s)

  • County

    Los Angeles

Property Details

  • Interior Features

      Other Rooms

    • Fireplace: Yes

      • Interior Features

    • Laundry Features: Common Area
    • Spa Features: None

      • Heating & Cooling

    • Heating: Wall Furnace
    • Cooling: Wall/Window Unit(s)
  • Utilities
    Utilities
    Electricity Available, Natural Gas Available, Sewer Available, Water Available
    Water Source
    Public
    Sewer
    Public Sewer
  • Exterior Features
    Fencing
    Wood
    Pool Features
    None
  • Construction
    Property Type
    Residential Income
    Year Built
    1963
    Property Subtype
    Apartment
    New Construction
    No
    Roof
    Shingle
    Building Area Total
    7876
  • Parking
    Parking Total
    6
    Garage
    No
    Parking Features
    Carport

Location

  • CA
  • Covina
  • 91723
  • Los Angeles
  • 327 N Prospero Drive

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Home Price

Down Payment

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Year Fixed

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$11,525.56

This payment calculator provided by Engel & Völkers and is intended for educational and planning purposes only. * Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. (“CRMLS”) and is protected by all applicable copyright laws. Information provided is for viewer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Based on information from California Regional Multiple Listing Service, Inc. as of 6/7/2023 and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
California Regional Multiple Listing Service (CRMLS)

Updated: May 3, 2025 4:50 AM