2517 Walnut Creek EWest Covina, CA 91791

Beds6
Baths3
SqFt 1,891
$950,000

Description

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!

Contact - Listing ID TR23031244


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JOHN SAZON

55 E Huntington Drive
Arcadia, CA 91006
Phone: 6262852121

Property Details for 2517 Walnut Creek E

StatusClosed
Sold Date4/14/2023
Bedrooms6
Bathrooms3
Price/SqFt$502.38
SqFt 1,891
Acres 0.175
CountyLos Angeles
Year Built1954
Property TypeResidential
Property Sub TypeDuplex

Local Information


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Listed by: StevenCheng, DRE #01262684 from Re/Max Champions 909-949-0605

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Contact - Listing ID TR23031244


This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

JOHN SAZON

55 E Huntington Drive
Arcadia, CA 91006
Phone: 6262852121
Data services provided by IDX Broker