305 E Navilla PL Pending Save Request In-Person Tour Request Virtual Tour
Covina,CA 91723
Key Details
Property Type Single Family Home
Listing Status Pending
Purchase Type For Sale
Square Footage 3,672 sqft
Price per Sqft $416
MLS Listing ID 25577017
Bedrooms 8
Year Built 1958
Lot Size 7,623 Sqft
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.
Location
State CA
County Los Angeles
Area 614 - Covina
Zoning CVR3-RD1250*
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Wood
Laundry None
Exterior
Parking Features Assigned,Covered,Detached Carport,On Street
Pool None
Building
Lot Description Front Yard
Story 2
Water Public
New Construction No
Schools
School District Covina Valley Unified
Others
Special Listing Condition Standard