Proudly presenting the opportunity to acquire 515 S Stewart Drive, a 13-unit multifamily property located in Covina, CA. 515 S Stewart Drive was built in 1956 and features an excellent unit mix: (3) 2 bed/1 bath units and (10) 1 bed/1 bath units. The property is well maintained, and is… Read More close to local elementary, middle, and high schools. Located minutes from Downtown Covina, tenants benefit from easy access to local parks, shopping, grocery stores, and eateries. Given the rental upside potential, this is an excellent addition to any real estate investor’s portfolio Read Less
Listing Snapshot
Days Online
7
Last Updated
Property Type
Apartment
Lot Size
0.36 Acres
Year Built
1956
MLS Number
AR25144947
30 Days Snapshot Of 91723
$800k
+4%
(avg) sold price
8
+60%
homes sold
60
-38%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1956, Building area total: 8,100, Levels: Two, 2 stories, 2 buildings, Architectural style: , Attached, Common walls: OneCommonWall
Community
Sidewalks
Expenses
Electric expense: $1,489, Fuel expense: $180, Gardener expense: $2,400, Insurance expense: $12,748, Maintenance expense: $19,755, New taxes expense: $42,774, Operating expense: $92,651, Trash expense: $4,860, Water sewer expense: $4,980
Garage
1 space
Income
Gross income: $286,296, Net operating income: $194,665
Based on information from California Regional Multiple Listing Service, Inc. as of 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.
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