CA > Covina
Covina, CA 91723,305 E Navilla Pl
Covina, CA 91723,305 E Navilla Pl
Covina, CA 91723,305 E Navilla Pl
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John Herkenrath

John Herkenrath

+1(310) 221-2910
$1,528,000
Est. payment /mo
8 Beds
6 Baths
3,672 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,672 sqft

Price per Sqft $416

MLS Listing ID 25576349

Bedrooms 8

Year Built 1958

Lot Size 7,621 Sqft

Acres 0.175

Property Sub-Type Multi-Family

Property Description

Welcome to 305 E Navilla Pl, a garden-style multifamily property situated in one of the city's most desirable rental corridors and located just minutes from Downtown Covina. --- This property is ideal for investors seeking stabilized in-place cash flow at a net 6.5% cap rate and is currently 100% tenant-occupied. The unit mix consists of four 1+1 units and two 2+1 units on a 7,621 SF lot. --- Each unit is equipped with its own water heater, along with individual gas & electric meters, significantly reducing landlord expenses and boosting operational efficiency. On-site parking further enhances tenant convenience and overall appeal. --- Close to shops, dining, parks, and major freeways (I-10 & I-210), offering strong tenant appeal & long-term investor stability. Whether new to multifamily investing or expanding an established portfolio, 305 E Navilla Pl presents a rare opportunity to acquire a reliable, income-producing asset with value-add potential in one of the San Gabriel Valley's most established rental markets.

Location

State CA

County Los Angeles

Area Covina

Zoning CVR3-RD1250*

Interior

Heating Wall

Laundry None

Exterior

Garage Spaces 6.0

Building

Story 2

Water District

Structure Type Wood Siding

Others

Special Listing Condition Standard

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TheMLS (CLAW)
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by eXp Realty of Greater Los Angeles
John Herkenrath

"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

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