673 S Eremland Dr Covina, CA 91723
Estimated payment $10,037/month
Highlights
- No HOA
- Cooling System Mounted To A Wall/Window
- 6 Car Garage
- South Hills High School Rated A-
- Laundry Room
- Wood Fence
About This Home
We are pleased to exclusively offer for sale this 5 Unit “value-add” opportunity in the city of Covina. Comprised of 100% Two-Story Townhouse style units, the unit mix consists of: (1) 3-Bedroom / 1.5-Bath Townhouse & (4) 2-Bedroom / 1.5-bath Townhouse style units. Each unit is approximately 1,000 sqft., providing spacious layouts well-suited for stable, long-term tenancy.
Tenants benefit from gated entry, covered enclosed parking, private patios, and access to an on-site laundry facility. All units are individually metered for gas and electricity, allowing for efficient utility management.
With 50% upside in rental income, a prime rental location, and desirable unit mix, this property offers an ideal value-add opportunity. Ideally located in a private cul-de-sac just minutes from Downtown Covina, the subject property offers access to restaurants, shopping, and nightlife
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1961
Lot Details
- 9,315 Sq Ft Lot
- Two or More Common Walls
- Wood Fence
- Brick Fence
- Density is up to 1 Unit/Acre
Parking
- 6 Car Garage
- Parking Available
- Rear-Facing Garage
Home Design
- Apartment
- Shingle Roof
Interior Spaces
- 4,842 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 11 Bedrooms
- 10 Bathrooms
Additional Features
- Exterior Lighting
- Cooling System Mounted To A Wall/Window
Listing and Financial Details
- Tax Lot 30
- Tax Tract Number 19165
- Assessor Parcel Number 8451003030
- $2,199 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 5 Units
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $4,500
- Maintenance Expense $3,750
- Trash Expense $2,400
- Water Sewer Expense $2,400
- New Taxes Expense $17,679
- Operating Expense $31,478
- Gross Income $99,660
- Net Operating Income $65,192
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/14/2025 04/14/25 | For Sale | $1,525,000 | -- | $315 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV25081553
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