2323 East Garvey Avenue North West Covina
Five Unit Investment with Significant Rental Upside
Marketing description
Excellent investment opportunity in the heart of West Covina. This well maintained five unit apartment building sits on a generous 12,079 square foot lot and offers a total of 5,310 square feet of living space. The property features an attractive unit mix of four 2 bedroom, 1 bathroom units and one spacious 3 bedroom, 2.5 bathroom unit, providing strong rental appeal for a variety of tenants. Many of the units have been updated with recessed lighting and newer cabinetry, while the spacious three bedroom unit also features central air conditioning. The building has been upgraded with PEX plumbing and includes a 200 gallon water heater with a hot water recirculation system to improve efficiency and tenant comfort. Parking is a valuable feature with three garages on the property. The larger unit includes a two car garage, while each of the remaining four units has a garage space plus an additional assigned outdoor parking space. Conveniently located near shopping, restaurants, schools, parks, and major freeways, this property offers both accessibility and strong long term rental appeal. Whether you are looking to expand your investment portfolio or acquire a well maintained multifamily property in a desirable location, this is an opportunity you won’t want to miss.
Investment highlights
• Five Unit Apartment Building
• 5,310 SF Building | 12,079 SF Corner Lot
• Four 2 Bed / 1 Bath Units
• One 3 Bed / 2.5 Bath Unit
• Below Market Rents with Upside Potential
• PEX Plumbing Throughout
• 200 Gallon Water Heater with Hot Water Recirculation • Central A/C in the 3 Bedroom Unit
• Three Garages Plus Assigned Parking
• Convenient Location Near Shopping, Schools, Parks & Freeways
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