1033 W Cypress St | Covina, CA 91722
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- LoopNet Team
1033 W Cypress St
Covina, CA 91722
Multifamily Property For Sale · 6 Units
INVESTMENT HIGHLIGHTS
- Well-maintained 6-unit multifamily property with a desirable mix of studio, one-bedroom, and two-bedroom units
- Most units have been upgraded, providing additional appeal to tenants and reducing future capital expenditures
- Prime location across from Northview High School and walking distance to local schools, shops, and restaurants
- Rental upside with current rents below market, offering potential for increased returns
- No local rent control in Covina, allowing rent increases under California AB1482
- Convenient access to Covina Metrolink station and major freeways (10 and 210), enhancing tenant commute options
PROPERTY FACTS
| No. Units | 6 | Lot Size | 0.18 AC |
| Property Type | Multifamily | Building Size | 5,132 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1963 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 5,132 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1963 |
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | $1,470 | 650 |
| 1+1 | 1 | $1,810 | 816 |
| 2+1.5 | 4 | $2,223 | 950 |
PROPERTY TAXES
| Parcel Number | 8420-014-052 | Improvements Assessment | $605,156 |
| Land Assessment | $1,664,185 | Total Assessment | $2,269,341 |
PROPERTY TAXES
Parcel Number
8420-014-052
Land Assessment
$1,664,185
Improvements Assessment
$605,156
Total Assessment
$2,269,341
ZONING
| Zoning Code | LCR3* |
| LCR3* |
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