6-Unit Multifamily in Prime Covina Location

Highlights:

• Prime location offering convenient access to shopping, dining, major employment centers, and nearby transit & freeways.
• Stabilized investment with 100% occupancy & a high net cap rate, ideal for cash-flow-focused investors.
• Individually metered units with low-maintenance utilities & steady tenant history.

Description:

Prime Investment Opportunity — Welcome to 305 E Navilla Pl, a garden-style multifamily property situated in one of the city's most desirable rental corridors and located just minutes from Downtown Covina. This property is ideal for investors seeking stabilized in-place cash flow at a net 6.5% cap rate and is currently 100% tenant-occupied. The unit mix consists of four 1+1 units and two 2+1 units on a 7,621 SF lot.

Each unit is equipped with its own water heater, along with individual gas & electric meters, significantly reducing landlord expenses and boosting operational efficiency. On-site parking further enhances tenant convenience and overall appeal.

Close to shops, dining, parks, and major freeways (I-10 & I-210), offering strong tenant appeal & long-term investor stability. Whether new to multifamily investing or expanding an established portfolio, 305 E Navilla Pl presents a rare opportunity to acquire a reliable, income-producing asset with value-add potential in one of the San Gabriel Valley's most established rental markets.