1011 W Cypress St, Covina, CA 91722

Cypress Villa is a 12-unit multifamily investment opportunity located in Covina, California. Cypress Villa features a highly desirable mix of 2, 1 bed/1 bath units, 3, 2 bed/1 bath units, 6, 2 bed/1.5 bath units, and 1, 2 bed/2 bath unit. Additionally, the property offers amenities including private patios and balconies (select units), an on-site laundry facility, gated access, a central courtyard, and ample tuck-under parking. Currently, only 25 percent of the units have undergone significant renovations. These unit improvements include fresh paint, hardwood flooring, granite countertops, upgraded cabinetry, new fixtures, modern ceiling fans, and recessed lighting, all of which have allowed current ownership to achieve a rental premium over non-renovated units. Furthermore, a new owner could potentially increase rental income through the continuation of the in-place renovation plan. Cypress Villa benefits from its fantastic Covina location, surrounded by single-family residential neighborhoods and in close proximity to attractive area amenities. Residents enjoy the property’s walkable access to Northview High School as well as an abundance of retailers and restaurants along Azuza Avenue. Additionally, Cypress Villa is located a short drive from the Covina Train Station as well as Interstates 10 and 210, providing convenient access to destinations throughout Southern California.