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4540 N Lark Ellen Avenue, Covina, CA 91722

Property Details

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4540 N Lark Ellen Avenue
Covina, CA 91722

For Sale: $13,999,999

Property Type: Commercial Apartments
MLS#: SB19083270

  • Building Size: 35746 SF
  • Lot Size: 60218 SF
  • Number of Units: 44
  • Year Built: 1984
  • Days on market: 41
  • Net Operating Income: $519,065
  • Rent Control: No
  • Contact Listing Agent Direct:
  • Mason Rowland, Lyon Stahl Investment Real Estate, Inc.

Property Description

We are pleased to present this unique opportunity to acquire forty-four two bedroom one bathroom units situated in the thriving Covina market. This asset extends the opportunity for a new investor to capitalize on healthy current rents with nearly 20% upside potential. The owner has meticulously maintained the property, it is in outstanding condition. The building features an abundance of parking (73 spaces). Lush landscaping throughout, inviting pool and spa area, separate barbecue pit and a relaxing gazebo within the common area. Large laundry room which produces significant income. The asset is situated within walking distance to Northview High School and Lark Ellen Elementary school. This outstanding location is also in close proximity to many other local amenities and freeways.

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4540 N Lark Ellen Avenue, Covina, CA 91722

Based on information from California Regional Multiple Listing Service, Inc. as of April 22, 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Listing provided by: Mason Rowland, Lyon Stahl Investment Real Estate, Inc.

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