Address
1011 W Cypress Street Covina, CA
Price
$ 3,500,000
Property Attributes
  • MLS#OC21013647
  • TypePending
  • CountyLOS ANGELES
  • CityCovina
  • Zip91722
  • Style
  • Price$ 3,500,000
  • Bedrooms12
  • Full Bathrooms12
  • Half Bathrooms0
  • Lot Size0.39 Acres
Listing Provided Courtesy Of:
Tyler Leeson with Marcus & Millichap RE Invest.
Data Source:
CRMLS
Property Description

Cypress Villa is a 12-unit multifamily investment property located at 1011 West Cypress Street, Covina, CA. Built in 1963, Cypress Villa offers of an attractive mix of 2, 1 bed/1 bath units, 3, 2 bed/1 bath units, 4, 2 bed/1.5 bath units, 2, 2 bed/1.75 bath units, and 1, 2 bed/2 bath unit. The property also offers amenities including tuck-under parking, gated access, a central courtyard, and on-site laundry. Cypress Villa is located across the street from Northview High School which has an annual enrollment of over 1,200 students. The property is also centrally located between numerous shopping centers whose anchor tenants include Walmart Supercenter, Berts Mega Mall, 99 Cents Only Stores, CVS, Smart & Final Extra!, Lowe's, and more. Cypress Villa is conveniently located in close proximity to North Azusa Boulevard and Interstates 210 and 10, providing residents with easy access to nearby employment hubs.

Price History
1/21/2021 Listed $3,500,000

General Features

Carport Spaces 17
Carport Y/N Yes
Community Features Curbs, Sidewalks
Levels Two
MLS Area 699 - Not Defined
Pool Features None
Property Type Residential Income
Sewer Public Sewer
Terms Cash to New Loan, 1031 Exchange
Total Actual Rent 15890
Total Units 12
Water Sewer Expense 1770
Zoning LCR3*

Interior Features

Common Walls No Common Walls
Laundry Features Common Area

Exterior Features

Lot Features Lawn, Level
Lot Size Acres 0.39
Lot Size Area 0.39
Lot Size Source Assessor
Lot Size Square Feet 16988
Lot Size Units Acres
Number of Buildings 1
Number of Separate Electric Meters 12
Number of Separate Gas Meters 12
Number of Separate Water Meters 1
Total Parking 17
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 91722

Price
AVG $600K
$3.5M
Visits
AVG 29
28
Year Built
AVG 1969
1963
Walkscore
AVG 53
37
Data Provided by Walkscore ® not using MLS data

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