327 N Prospero Drive
Covina, CA 91723
- – beds
- – baths
- – sqft
- 7,745 sqft lot
- 1963 build
- – on site
We are pleased to exclusively present this rare value-add 7-unit multifamily investment opportunity in the highly sought-after city of Covina. The property is comprised of a desirable unit mix featuring mostly two-story townhouse-style layouts, including (2) 3-bedroom / 1.5-bath units, (2) 2-bedroom / 1.5-bath units, and (3) 2-bedroom / 1.5-bath single-level units. Each unit offers a spacious and functional floor plan, averaging approximately 1,100 square feet—an uncommon feature for buildings of this era. Residents enjoy a gated entry, covered parking, private patios or balconies, and the convenience of an on-site laundry facility. Each unit is individually metered for gas and electricity, allowing for simplified utility management and reduced operating expenses. With over 50% rental upside, this asset presents a compelling opportunity for investors to reposition the property and significantly increase cash flow. Located in a strong rental market with consistent demand, this well-located and generously sized property is ideal for the value-driven investor seeking long-term growth and stability.
Last checked:
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Last updated Apr 15, 2025
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MLS# CV25082530 —
The Building
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Year Built:1963
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Year Built Source:Assessor
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New Construction:No
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Building Area Total:7876.00
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Building Area Units:Square Feet
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Total Number Of Units:7
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# of Buildings:1
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Roof:Shingle
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Stories Total:2
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Entry Level:1
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Common Walls:2+ Common Walls
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# of Separate Gas Meters:7
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# of Separate Water Meters:1
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# of Separate Electric Meters:7
Interior
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Levels:Two
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Entry Location:1
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Fireplace:Yes
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Fireplace:Living Room
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Laundry:Common Area
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Laundry:1
Location
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Directions:327 N Prospero Drive, Covina, CA
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Latitude:34.08875700
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Longitude:-117.87886800
The Property
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Property Type:Residential Income
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Subtype:Apartment
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Zoning:CVRD2000*
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Lot Features:0-1 Unit/Acre
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Lot Size Area:7745.0000
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Lot Size Acres:0.1778
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Lot Size SqFt:7745.00
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Lot Size Source:Assessor
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Fencing:Wood
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Fence:Yes
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:4037.22
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Tax Tract:21003
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Tax Lot:10
The Listing
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Special Listing Conditions:Standard
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Parcel Number:8429032010
Heating & Cooling
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Heating:None
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Cooling:Yes
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Cooling:Wall/Window Unit(s)
Utilities
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Utilities:Electricity Available, Natural Gas Available, Sewer Available, Water Available
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Sewer:Public Sewer
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Water Source:Public
The Community
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Features:Sidewalks
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Association:No
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Pool:None
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Senior Community:No
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Private Pool:No
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Spa Features:None
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Assessments:No
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Assessments:None
Parking
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Parking:Yes
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Parking:Carport
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Parking Spaces:6.00
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Carport Spaces:6.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/15/25
Apr 15, 2025
|
Listed / Active | CRMLS_CA | $1,975,000 | |
|
5/22/21
May 22, 2021
|
Sold | BRIDGE |
