x
Price Reduction
Address
4540 N Lark Ellen Avenue Covina, CA
Price
$ 12,999,999
Property Attributes
  • MLS#SB19083270
  • TypeIncome
  • CountyLOS ANGELES
  • CityCovina
  • AreaCovina
  • Zip91722
  • Style
  • Price$ 12,999,999
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage35746
  • Lot Size1.38 Acres
Listing Provided Courtesy Of:
Mason Rowland with Lyon Stahl Investment Real Estate, Inc..
Property Description

We are pleased to present this unique opportunity to acquire forty-four two bedroom one bathroom units situated in the thriving Covina market. This asset extends the opportunity for a new investor to capitalize on healthy current rents with nearly 20% upside potential. The owner has meticulously maintained the property, it is in outstanding condition. The building features an abundance of parking (88 spaces). Lush landscaping throughout, inviting pool and spa area, separate barbecue pit and a relaxing gazebo within the common area. Large laundry room which produces significant income. The asset is situated within walking distance to Northview High School and Lark Ellen Elementary school. This outstanding location is also in close proximity to many other local amenities and freeways.

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
4/15/2019 Listed $13,999,999
5/29/2019 8% - $12,999,999

General Features

Assessments Buyer to Verify
Attached Structure Attached
Co-Listing Agent Last Name Ryan
Co-Listing Agent Last Name Rembert
Co-Listing Agent State License # 01975525
Co-listing Agent Ryan Rembert - BRE#01975525
Community Features Park
Directions South of Cypress St, North of the 10 freeway, East of Vincent Ave, West of Azusa Ave
Listagentaor South Bay
Listing Agent Mason Rowland - BRE#02035921
Listing Agent State License 02035921
MLS Area 614 - Covina
Number of Units Leased 44
Price Per Square Foot 363.68
Property Attached Y/N Yes
Source System CRMLS
Spa Features Community, In Ground
Special Listing Conditions Standard
Total Units 44
Zoning LCC1*

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Air Conditioning Y/N Yes
Common Walls 2+ Common Walls
Cooling Central Air
Heating Central
Heating Y/N Yes
Laundry Features Common Area, Community
Laundry Y/N Yes
Studio Area Unit Type Square Feet

Exterior Features

Building Area Total 35746.00
Carport Spaces 73.00
Exterior Features Barbecue Private
Garage Spaces 0.00
Lot Features Landscaped, Lot Over 40000 Sqft
Lot Size Acres 1.3824
Lot Size Area 60218.0000
Lot Size Source Assessor
Lot Size Square Feet 60218.00
Lot Size Units Square Feet
Number of Buildings 4
Number of Separate Electric Meters 44
Parking Features Assigned, Carport, Attached Carport, Detached Carport
Parking Y/N Yes
Pool Features Private, Fenced
Private Pool Y/N Yes
Sewer Public Sewer
Spa Yes
Total Parking 73.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 91722

Price
AVG $13M
$13M
Visits
AVG 240
242
Year Built
AVG 1984
1984
Walkscore
AVG 43
43
Data Provided by Walkscore ® not using MLS data

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