This charming duplex nestled in the heart of West Covina, California. This property is a fantastic investment opportunity for both owner/users and investors looking to grow their portfolios. Owner occupies the front unit and rents out the second unit; the rental income is good enough to cover the expenses for the entire property.
The front unit features 3 bedrooms and 1.5 bathrooms, while the back unit boasts 3 bedrooms and 1 bathroom. Both units are spacious, with large living rooms and dining areas perfect for entertaining guests. The total living space is 1,891 square feet and the lot size is an ample 7,603 square feet.
Built in 1954, this single-story duplex has been beautifully maintained with professional landscaping and features a sparkling swimming pool situated between the two units. The property is located within walking distance to South Hills High School and is conveniently located near shopping centers, parks, schools, and has easy access to freeways.
This duplex comes with central air conditioning and the current owner occupies the front unit, while the tenant occupies the back unit with under-market rent on a month-to-month basis. The up-to-date solar system save you huge electricity bill for hot summer in California. This presents an opportunity for a new owner to increase rent and maximize their return on investment. The gross scheduled income is estimated to be $63,960 with a CAP rate of 5.10%.
Don't miss out on this once-in-a-lifetime opportunity to own this stunning duplex in the heart of West Covina, with excellent investment potential and better returns than traditional bank accounts or risky stock market investments. This property is a must-see!
Sold for $950,000 on 04/14/23
Listing Provided by:
Steven Cheng DRE #01262684 909-499-2078,
Re/Max Champions
Bought with: REdefine Realty Group
$950,000
2517 E Walnut Creek Pkwy, West Covina, CA 91791
6beds
1,891sqft
Duplex
Built in 1954
7,603 Square Feet Lot
$-- Zestimate®
$502/sqft
$3,071 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: April 15, 2023 at 03:33am
Listing Provided by:
Steven Cheng DRE #01262684 909-499-2078,
Re/Max Champions
Bought with:
Jeannie Madali, DRE #01503474
REdefine Realty Group
Source: CRMLS,MLS#: TR23031244
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 6
Heating
- Central, Solar
Cooling
- Central Air
Appliances
- Included: Dishwasher, Gas Cooktop, Gas Water Heater, Range Hood, Water Heater, Warming Drawer
- Laundry: In Carport, Laundry Room
Features
- Brick Walls, Ceiling Fan(s), Separate/Formal Dining Room, Granite Counters, Pantry, Recessed Lighting, Storage, Tile Counters, Unfurnished, Bedroom on Main Level
- Flooring: Laminate, Wood
- Doors: Panel Doors
- Windows: Double Pane Windows, Screens, Skylight(s)
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 1,891 sqft
Property
Parking
- Total spaces: 6
- Parking features: Covered, Detached Carport, Driveway, Paved
- Garage spaces: 2
- Carport spaces: 2
- Covered spaces: 4
- Uncovered spaces: 2
Accessibility
- Accessibility features: Accessible Doors
Features
- Levels: One
- Stories: 1
- Exterior features: Lighting
- Has private pool: Yes
- Pool features: Filtered, In Ground, Private
- Spa features: None
- Fencing: Average Condition,Brick
- Has view: Yes
- View description: Mountain(s), Neighborhood, Trees/Woods
Lot
- Size: 7,603 sqft
- Features: Back Yard, Front Yard, Garden, Sprinklers In Rear, Sprinklers In Front, Lawn, Landscaped, Level, Near Park, Near Public Transit, Paved, Rectangular Lot, Sprinklers Timer
Details
- Parcel number: 8479013019
- Zoning: WCR1*
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Duplex
Materials
- Asphalt, Brick, Drywall, Concrete, Plaster, Stucco, Unknown
- Foundation: Raised, Slab
- Roof: Composition,Tar/Gravel
Condition
- Turnkey
- New construction: No
- Year built: 1954
Utilities & green energy
- Electric: Photovoltaics Stand-Alone
- Sewer: Public Sewer, Sewer Tap Paid
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Connected, Water Available
Green energy
- Energy generation: Solar
Community & neighborhood
Security
- Security features: Carbon Monoxide Detector(s), Smoke Detector(s)
Community
- Community features: Mountainous, Street Lights, Sidewalks, Park
Location
- Region: West Covina
Other
Other facts
- Listing terms: Cash,Cash to New Loan,Conventional,Submit
- Road surface type: Paved