327 North Prospero Drive

Covina CA 91723

0.18 ac.

Multi-Family

Last sold for $1,975,000

Kristopher German, last sold this property on 27 June 2025 after -5 days on market.

Overview

We are pleased to exclusively present this rare value-add 7-unit multifamily investment opportunity in the highly sought-after city of Covina. The property is comprised of a desirable unit mix featuring mostly two-story townhouse-style layouts, including (2) 3-bedroom / 1.5-bath units, (2) 2-bedroom / 1.5-bath units, and (3) 2-bedroom / 1.5-bath single-level units. Each unit offers a spacious and functional floor plan, averaging approximately 1,100 square feetan uncommon feature for buildings of this era. Residents enjoy a gated entry, covered parking, private patios or balconies, and the convenience of an on-site laundry facility. Each unit is individually metered for gas and electricity, allowing for simplified utility management and reduced operating expenses. With over 50% rental upside, this asset presents a compelling opportunity for investors to reposition the property and significantly increase cash flow. Located in a strong rental market with consistent demand, this well-located and generously sized property is ideal for the value-driven investor seeking long-term growth and stability.

Features

10 bedrooms

8 bathrooms

0.18 ac. lot size

Multi-Family

Estimated Value

We need at least 3 similar 10 bedroom multi families sold in Covina over the last 12 months.

Property history for 327 North Prospero Drive

2025

Sold

$1,975,000

27 Jun 2025 by Kristopher German, of REMAX 2000 | Hacienda Heights

Happy sellers in Covina

We have insufficient information to provide an overview of customer satisfaction for Covina. Viewing the agent profiles, reviews and sales for Covina can provide insights for this location.