219 W PUENTE ST COVINA CA 91723
Prime 1990-Built 4-Plex | Townhouse-Style Units | 7.52% Pro Forma CAP
Marketing description
This 1990-built, four-unit townhouse-style compound in the heart of Covina’s high-demand rental corridor offers a rare blend of modern infrastructure and operational efficiency, making it a premier turnkey investment. Designed to streamline management, the property features full utility independence with separately metered gas and electricity for every unit. The unit mix consists of one 3-bed/2-bath residence and three 2-bed/2-bath residences, all outfitted with modern amenities including central air conditioning, in-unit laundry hookups, and private wood-fenced patios. The property distinguishes itself from local competition with a robust parking configuration that combines attached and detached garages with dedicated on-site guest spaces. Situated on a massive 11,148-square-foot lot (0.26-AC), the site also offers significant value-add potential for future development or ADU expansion. Combining quality construction with efficient infrastructure, this high-performing asset is ideally positioned as a reliable, long-term anchor for any investment portfolio.
Investment highlights
Rare 1990-Built 4-Unit Multifamily | Townhouse-Style Compound in Prime Covina
Investment Summary: Rarely available, high-performance income asset located in Covina’s prime rental corridor. This turnkey 4-plex combines operational efficiency—featuring fully separated utilities—with a superior, low-maintenance parking footprint. Positioned on an expansive 0.26-AC lot, the property offers immediate stable cash flow with significant long-term value-add potential via site optimization or density expansion.
- Operational Efficiency: 100% separately metered for both gas & electricity; optimized for minimal landlord overhead.
- Unit Mix: (1) 3-Bed/2-Bath | (3) 2-Bed/2-Bath
- High-Demand Amenities: Central HVAC, gas ranges, dishwashers, disposals, and in-unit laundry hookups in every unit.
- Outdoor Living: Each unit features a private, wood-fenced patio, significantly increasing tenant retention & desirability.
- Optimal Parking: Robust on-site parking configuration including both attached/detached garages & dedicated on-site guest spaces.
- Value-Add Upside: Massive 11,148 SF lot (0.26 AC) offers significant development potential. Proactive investors may explore ADU expansion or potential site optimization to maximize the property's footprint (buyer to verify with city planning).
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