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Sold for $1,975,000
    • Listed by: RE/MAX 2000 REALTY • Kristopher German • Contact: 626-427-0786
    Bought with: Re/Max Premier Prop Arcadia
    $1,975,000

    327 N Prospero Dr, Covina, CA 91723

    16beds
    14baths
    7,876sqft
    Multi Family
    Built in 1963
    -- sqft lot
    $1,959,400 Zestimate®
    $251/sqft
    $2,722 Estimated rent

    Home value

    $1,959,400

    $1.76M - $2.17M

    $2,722/mo

    Zestimate® history
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    $2,722/mo

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    $2,722/mo

    Rent Zestimate®

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    $12,523/mo

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    $12,523/mo

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    What's special

    Covered parkingPrivate patios or balconiesGated entryTwo-story townhouse-style layouts
    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 feet—an 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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Kristopher German DRE #01800021 909-645-0443,

    RE/MAX 2000 REALTY

    Bought with:

    Pauline Cheng, DRE #00993691

    Re/Max Premier Prop Arcadia

    Source: CRMLS,MLS#: CV25082530MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 16
    • Bathrooms: 14
    Heating
    • Wall Furnace
    Cooling
    • Wall/Window Unit(s)
    Appliances
    • Laundry: Common Area
    Features
    • Has fireplace: Yes
    • Fireplace features: Living Room
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 7,876
    • Total interior livable area: 7,876 sqft

    Property

    Parking
    • Total spaces: 6
    • Parking features: Carport
    • Carport spaces: 6
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: 1
    • Pool features: None
    • Spa features: None
    • Fencing: Wood
    Lot
    • Size: 7,745 Square Feet
    • Features: 0-1 Unit/Acre
    Details
    • Parcel number: 8429032010
    • Zoning: CVRD2000*
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Materials
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1963

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Available, Natural Gas Available, Sewer Available, Water Available

    Community & HOA

    Community
    • Features: Street Lights, Sidewalks
    Location
    • Region: Covina

    Financial & listing details

    • Price per square foot: $251/sqft
    • Date on market: 4/15/2025
    • Cumulative days on market: 17 days
    • Listing terms: Cash to New Loan
    • Total actual rent: 11375
    • Tenant pays: Electricity, Gas

    Price history

    DateEventPrice
    6/27/2025Sold$1,975,000$251/sqft
    Source: CRMLS #CV25082530 Report a problem
    5/3/2025Pending sale$1,975,000$251/sqft
    Source: CRMLS #CV25082530 Report a problem
    4/16/2025Listed for sale$1,975,000$251/sqft
    Source: CRMLS #CV25082530 Report a problem
    3/24/2021Listing removed--
    Source: Owner Report a problem
    7/5/2020Listing removed$1,650
    Source: Owner Report a problem
    5/28/2020Listed for rent$1,650
    Source: Owner Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 91723

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    Estimated market value
    $1,959,400
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,959,400

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