Active
316 E Orlando Way
Covina CA, 91723
$1,700,000
$362.32 per sqft
Active
4,692 sqft
Multi-family
Built in 1962
Listed by Douglas McCauley with MARCUS & MILLICHAP 909-456-3400
SELLER FINANCING AVAILABLE. We are pleased to exclusively present the opportunity to acquire 316 East Orlando Way, a 6-unit multifamily investment property in the city of Covina, California. The property is a two-story building constructed in 1962 with a building size of 4,692 square feet and is situated on a 7,956 square feet parcel. The property consists of five one-bedroom/one-bathroom and one two-bedroom/two-bathroom floor plans. The property features a secured entrance, on-site laundry room, two storage rooms, covered stairwell, and eight carport parking spaces with storage units. Selected units offer a fireplace in the living room. The units are individually metered for gas and electricity.
The offering is conveniently located just one mile north from the closest on and off ramp of Interstate 10 Freeway, providing residents with east access to cities in San Gabriel Valley and Inland Empire. With a very walkable score of 73 out of 100, the apartment building has an ideal rental location in a stable residential neighborhood of Covina. The property is surrounded by major retail and grocery stores including Walmart, Target, Sprouts, IKEA, and Stater Bros. Markets. Six of the many Covina-Valley Unified Schools are within a two-mile radius of the subject property, attracting long-term residents. The Covina-Valley Unified School District was recently presented with the California Gold Ribbon Schools Award, ranked the Best Elementary Schools by U.S. News and World Report, and awarded the Golden Bell Winner by the California School Boards Association. For higher education, both Mt. San Antonio College and California State Polytechnic University are a short ten-minutes' drive away from the subject property. Ranked the top 3% of community colleges in the country, Mt. San Antonio College is a public community college that offers more than 400 degree and certificate programs, 36 support programs, and more than 50 student clubs and athletic programs. Situated on more than 1,700 acres of land, Cal Poly Pomona is one of three polytechnic universities in the California State University system devoted primarily to the instruction of technical arts and applied sciences, and the university has been recognized as a U.S. Fulbright Scholar Top Producing Institution for STEM fields.
316 East Orlando Way is less than a mile from Downtown Covina, which has a remarkable variety of unique shops, beauty salons, restaurants, and live entertainment venues.
CV24061637
MLSⓇ ID
March 28, 2024
Listed
April 26, 2024
Updated
Map
316 E Orlando Way
Covina CA, 91723
Interior Features
Total Stories
2
Laundry Description
Common Area
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.18 Acres
Lot Features
Rectangular Lot
Sewer
Public Sewer
Other Property Details
Area Name
614 - Covina
Days on Market
29
Garage
No
Parking Total
0
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Buyer Agency Compensation
2%
Listing Contact: 909-456-3400
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 4/26/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 4/26/2024 at 10:10 PM UTC