Address
645 South Eremland Drive, Covina, CA
Price
$ 1,525,000
Property Attributes
  • MLS#0024359121
  • TypeIncome
  • CountyLOS ANGELES
  • CityCovina
  • AreaCovina
  • Zip91723
  • Style
  • Price$ 1,525,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3690
  • Lot Size6,970 SqFt
Data Source:
California Desert Association of REALTORS® (CDAR)
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.

Price History
2/17/2024 Listed $1,525,000

General Features

Heating Wall Furnace
Zoning CVR3-RD1500*
Year Built 1956
Levels Two
County Los Angeles
Net Operating Income 67145.0
New Construction No
Property Type C
HOA / Comm Assn No
Status Active
City Covina
Buyer Agent Compensation 2.25
Senior Community Y/N No
MLS Area 614 - Covina
Lot Size Square Feet 7107.0
Street Name Eremland
Standard Status Active
Buyer Agent Compensation Type %

Interior Features

Total Stories 2
Heating Y/N Yes
Street Suffix Drive
Laundry Features Community

Exterior Features

Parking Features Community Structure
Lot Size Area 7107.0
Building Area Total 3690.0
Lot Dimensions 60x126
Lot Size Acres 0.16
Lot Size Units Square Feet
Land Lease Type Fee
NumberOfUnitsBuildings 1

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 91723

Price
AVG $1.53M
$1.53M
Visits
AVG 3
2
Data Provided by Inside Real Estate®
Year Built
AVG 1968
1956