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Listed by Ian Ho • A + Realty & Mortgage
$ 1,000,000
Est. payment /mo
Active
2225 W Merced Avenue West Covina, CA 91790
1,714 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,714 sqft
Price per Sqft $583
MLS Listing ID CRTR25260157
HOA Y/N No
Year Built 1939
Lot Size 0.458 Acres
Property Sub-Type Duplex
Source Datashare California Regional
Property Description
Prime duplex investment opportunity in West Covina, conveniently located near the 10 Freeway. The front unit features 3 bedrooms and 2 bathrooms with partial renovations, a wall AC unit, and wall heater. The rear unit offers 1 bedroom and 1 bathroom, ideal for additional rental income. Both units are tenant-occupied with reliable, on-time payments. Current rents are $3,000/month (front) and $1,600/month (rear), generating a total of $4,600/month with a 3.5% cap rate. The property also boasts a gigantic yard, offering excellent potential for future development or expansion. Don't miss this rare chance to acquire a well-located, income-producing duplex with long-term upside.
Location
State CA
County Los Angeles
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Wood
Fireplace No
Laundry Gas Dryer Hookup, Laundry Room, Other
Exterior
View None
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