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645 S Eremland Dr Covina, CA 91723
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Key Details
Sold Price $1,525,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,690 sqft
Price per Sqft $413
MLS Listing ID 24-359121
Sold Date 05/09/24
Bedrooms 8
Year Built 1956
Lot Size 7,107 Sqft
Acres 0.1632
Property Description
Lee & Associates Apartment Advisors is pleased to present Eremland Apartments in Covina, CA. Located at 645 S. Eremland Drive, the five unit apartment community was built in 1956. The unit mix is comprised of two x one bedroom/one bath and three x two bedroom/one bath units. The property is located on a quiet cul de sac street and situated on a 7,105 square foot parcel. The units are separately metered and the on-site laundry machines are owned. A new central water heater was installed in 2022, and the staircase was recently replaced. The property is subject to AB 1482 state rent caps which allow for annual rent increases of a minimum of 5% and maximum of 10%. Long term tenants. Please do not disturb tenants or walk on property.
Location
State CA
County Los Angeles
Area Covina
Zoning CVR3-RD1500*
Rooms
Other Rooms None
Interior
Heating Wall
Cooling Wall Unit(s)
Equipment Other
Laundry Community
Exterior
Parking Features Community Garage
Garage Spaces 5.0
Building
Story 2
Level or Stories Two
Others
Special Listing Condition Standard
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Bought with CBD Investment Inc T.C.