Skip To Content

19529 E Cypress Street

Covina, CA 91724
  • $3,465,000
  • STATUS: ACTIVE
  • ON SITE: 10 Days
  • ID#: CV24217987
UPDATED: 27 min ago
$3,465,000
  • 2
    BEDS
  • 0.37
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

THE EXISTING LOAN IS ASSUMABLE AT 3.07%, CALL FOR DETAILS We are pleased to exclusively present the opportunity to acquire Cypress Villa, located at 19529 East Cypress Street in unincorporated Los Angeles County, California. Cypress Villa is conveniently located near the signalized intersection of East Cypress Street and Grand Avenue. Constructed in 1984, the 11-unit multifamily investment property is situated on a 16,419 square feet rectangular parcel with a building area of 9,207 square feet. The property consists of eleven two-bedroom/one-bathroom floor plans and features an on-site laundry room, copper plumbing, central water heater, and central air conditioning and heating. For parking, there are eleven tuck-under parking spaces with storage units, six carport parking spaces, and five open space parking spaces (Two parking spaces per unit). The majority of windows have been upgraded with new dual-pane windows. Selected kitchens and bathrooms were recently renovated. All units are individually metered for gas and electricity. Cypress Villa is ideally situated with easy access to Interstate 210, 10 and CA 57 freeways. With its central location and proximity to Downtown Los Angeles, the city is well served by the Metrolink Covina Station, providing its residents with many alternative ways of traveling to work, dining, shopping, and other amenities. With a very walkable score of 74 out of 100, the apartment building is within walking distance of several outdoor shopping malls with major department and grocery stores including Stater Bros Markets, Dollar Tree, and Vons. In THE EXISTING LOAN IS ASSUMABLE AT 3.07%, CALL FOR DETAILS We are pleased to exclusively present the opportunity to acquire Cypress Villa, located at 19529 East Cypress Street in unincorporated Los Angeles County, California. Cypress Villa is conveniently located near the signalized intersection of East Cypress Street and Grand Avenue. Constructed in 1984, the 11-unit multifamily investment property is situated on a 16,419 square feet rectangular parcel with a building area of 9,207 square feet. The property consists of eleven two-bedroom/one-bathroom floor plans and features an on-site laundry room, copper plumbing, central water heater, and central air conditioning and heating. For parking, there are eleven tuck-under parking spaces with storage units, six carport parking spaces, and five open space parking spaces (Two parking spaces per unit). The majority of windows have been upgraded with new dual-pane windows. Selected kitchens and bathrooms were recently renovated. All units are individually metered for gas and electricity. Cypress Villa is ideally situated with easy access to Interstate 210, 10 and CA 57 freeways. With its central location and proximity to Downtown Los Angeles, the city is well served by the Metrolink Covina Station, providing its residents with many alternative ways of traveling to work, dining, shopping, and other amenities. With a very walkable score of 74 out of 100, the apartment building is within walking distance of several outdoor shopping malls with major department and grocery stores including Stater Bros Markets, Dollar Tree, and Vons. In addition, there are multiple private and public schools within a two-mile radius of the subject property such as Cedargrove Elementary School, Sonrise Christrian School, Royal Oak Middle School, and Charter Oak High School, thus attracting valuable long-term tenants. Residents can also enjoy a quick walk to Kahler Russell Park, that offers basketball and tennis courts, sports fields, playground, walking trails and more. Last but not least, the Via Verde Country Club is just a six-minute drive east of the offering. Nestled amongst the rolling Via Verde Hills, this private country club offers a picturesque view of the San Gabriel Mountains and captures the spirit of the community through exceptional golf, outstanding events, a warm atmosphere and panoramic views of Southern California.

Monthly Payment Calculator

San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.redtreerealty.com/homes/157006865
Print Image

19529 E Cypress Street Covina, CA 91724

  • Price: $3,465,000
  • Status: ACTIVE
  • On Site: 10 Days
  • Updated: 27 min ago
  • ID#: CV24217987
2
Beds
0
Baths
0
½ Baths
0.37
Acres
Neighborhood:
Covina (91724)
County:
Los Angeles
Area:
Covina (91724)
Property Description
THE EXISTING LOAN IS ASSUMABLE AT 3.07%, CALL FOR DETAILS We are pleased to exclusively present the opportunity to acquire Cypress Villa, located at 19529 East Cypress Street in unincorporated Los Angeles County, California. Cypress Villa is conveniently located near the signalized intersection of East Cypress Street and Grand Avenue. Constructed in 1984, the 11-unit multifamily investment property is situated on a 16,419 square feet rectangular parcel with a building area of 9,207 square feet. The property consists of eleven two-bedroom/one-bathroom floor plans and features an on-site laundry room, copper plumbing, central water heater, and central air conditioning and heating. For parking, there are eleven tuck-under parking spaces with storage units, six carport parking spaces, and five open space parking spaces (Two parking spaces per unit). The majority of windows have been upgraded with new dual-pane windows. Selected kitchens and bathrooms were recently renovated. All units are individually metered for gas and electricity. Cypress Villa is ideally situated with easy access to Interstate 210, 10 and CA 57 freeways. With its central location and proximity to Downtown Los Angeles, the city is well served by the Metrolink Covina Station, providing its residents with many alternative ways of traveling to work, dining, shopping, and other amenities. With a very walkable score of 74 out of 100, the apartment building is within walking distance of several outdoor shopping malls with major department and grocery stores including Stater Bros Markets, Dollar Tree, and Vons. In THE EXISTING LOAN IS ASSUMABLE AT 3.07%, CALL FOR DETAILS We are pleased to exclusively present the opportunity to acquire Cypress Villa, located at 19529 East Cypress Street in unincorporated Los Angeles County, California. Cypress Villa is conveniently located near the signalized intersection of East Cypress Street and Grand Avenue. Constructed in 1984, the 11-unit multifamily investment property is situated on a 16,419 square feet rectangular parcel with a building area of 9,207 square feet. The property consists of eleven two-bedroom/one-bathroom floor plans and features an on-site laundry room, copper plumbing, central water heater, and central air conditioning and heating. For parking, there are eleven tuck-under parking spaces with storage units, six carport parking spaces, and five open space parking spaces (Two parking spaces per unit). The majority of windows have been upgraded with new dual-pane windows. Selected kitchens and bathrooms were recently renovated. All units are individually metered for gas and electricity. Cypress Villa is ideally situated with easy access to Interstate 210, 10 and CA 57 freeways. With its central location and proximity to Downtown Los Angeles, the city is well served by the Metrolink Covina Station, providing its residents with many alternative ways of traveling to work, dining, shopping, and other amenities. With a very walkable score of 74 out of 100, the apartment building is within walking distance of several outdoor shopping malls with major department and grocery stores including Stater Bros Markets, Dollar Tree, and Vons. In addition, there are multiple private and public schools within a two-mile radius of the subject property such as Cedargrove Elementary School, Sonrise Christrian School, Royal Oak Middle School, and Charter Oak High School, thus attracting valuable long-term tenants. Residents can also enjoy a quick walk to Kahler Russell Park, that offers basketball and tennis courts, sports fields, playground, walking trails and more. Last but not least, the Via Verde Country Club is just a six-minute drive east of the offering. Nestled amongst the rolling Via Verde Hills, this private country club offers a picturesque view of the San Gabriel Mountains and captures the spirit of the community through exceptional golf, outstanding events, a warm atmosphere and panoramic views of Southern California.
Exterior Features

Pool N/K Site Sidewalks

Interior Features

Total Baths Unit1 1

Property Features

Actual Cap Rate 4.1 Annual Expense Actual 80420 Buildings 1 Cfd Mello Roos Fee 0.0 Cfd Mello Roos Fee Reflects Year Gross Scheduled Income Actual 223544 Terms Cash Unit Number For Unit1 1 Unit1 Rent Actual 1692.0 Zoning Other

San Diego MLS logo Listing provided courtesy of Douglas Mccauley of MARCUS & MILLICHAP: 626-695-6776. Listing information © 2024 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
Logo
Red Tree Realty
4138 Napier St.
San Diego CA, 92110