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247 E Orlando Way
247 E Orlando Way
247 E Orlando Way
247 E Orlando Way
247 E Orlando Way
247 E Orlando Way
247 E Orlando Way
247 E Orlando Way
247 E Orlando Way
247 E Orlando Way
247 E Orlando Way
247 E Orlando Way
247 E Orlando Way
247 E Orlando Way
247 E Orlando Way
247 E Orlando Way
247 E Orlando Way
247 E Orlando Way
247 E Orlando Way
247 E Orlando Way
247 E Orlando Way
247 E Orlando Way
247 E Orlando Way
247 E Orlando Way
247 E Orlando Way
247 E Orlando Way
247 E Orlando Way
247 E Orlando Way
247 E Orlando Way
247 E Orlando Way
247 E Orlando Way
247 E Orlando Way
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$1,818,150

247 E Orlando Way

4,830 Sq.Ft.

Description

Incredible opportunity to acquire a multi-family investment property in the highly desirable area of Covina. Very well-maintained, owned by the same owner since 1972! This property is composed of seven units, one of the units features three-bedrooms, two-bathrooms, inside laundry room and a backyard. Another unit features two-bedrooms, one-bathroom, and the rest are one-bedroom, 1-bathroom. Other features include seven carport spaces, all new windows, all around flood lighting, new exterior paint, and newly refinished wood flooring in four of the units. The property is conveniently located near the Eastland Shopping Center, IKEA, and the 10 Freeway! Rents are scheduled to go up as of March 2023, which will make cap rate to be 5.02%. Buyer to complete their own due diligence in regards to all aspects of the property, including income, expenses and potential rents.

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Location

247 E Orlando Way, Covina, CA 91723

Status

Sold
Mark Cofer

Mark Cofer

TITLE

Broker

LICENSE

0914322

Property Amenities

Interior
Laundry room Common Area
Area & Lot
Lot Area 7,801 Sq.Ft.
Living area 4,830 Sq.Ft.
MLS® ID CV22225462
Year Built 1957
Type Multi-Family
Status Sold
Exterior
Pool None
Water Source See Remarks
Sewer Unknown
Lot Features Front Yard
Finance
Sales Price $1,818,150
Maintenance Fee $2,496 monthly

Work With Us

Our team is ready to handle every aspect of your transaction to facilitate the home buying, selling, commercial, or retail sale process. From the largest estate property to the first time buyer purchase, commercial real estate, and everything in between, we have the experience and knowledge to help.