554 E Hurst Street, Covina, California 91723, Covina, 91723 - 8 bed, 4 bath

554 E Hurst Street, Covina, California 91723 home-pic-0
ACTIVE$1,250,000
554 E Hurst Street, Covina, California 91723
8Beds
4Baths
3,464Sqft
7,544Lot
Year Built
1959
Close
-
List price
$1.25M
Original List price
$1.25M
Price/Sqft
$361
HOA
-
Days on market
-
Sold On
-
MLS number
AR24211047
Home ConditionFair
Features
Patio
View-

About this home

We found 2 Cons,3 Pros. Rank: price - $1.25M(57th), sqft - 3464(50th), beds - 8(86th), baths - 4(71th).

This is a 4-units apartment complex located in the City of Covina. The property is a two-story building situated on a cul-de-sac street with 7,300 square feet lot. The property offers an excellent unit mix consisting of 2 bedrooms plus 1 bathroom with long term tenants. The property is separately metered for electricity and gas and has a shared laundry facility. Each unit has it’s spacious 2 bedroom and 1 bathroom with window A/Cs, private patio area for 1st floor units, and ceiling fans. The parking is provided through an attached garage with 4 secured parking spaces. Tenants can also park in tandem which provides total of 8 parking spaces. The property is located in the heart of Covina with great access to the different freeways, which are FWY 210, 57, 10, and freeway 605. Also, the property is within minutes to major amenities such as parks, schools, library, shopping centers, and public ransportations. Azusa Pacific University is located North of the property and is accessible within minutes.

Condition Rating
Fair

The property was built in 1959 and appears to have had some updates, but not a full renovation. The kitchens and bathrooms appear functional but outdated. The presence of window A/Cs and shared laundry suggests the systems are aged. While the property seems maintained, it requires minor updates to meet current standards.
Pros & Cons

Pros

Excellent Unit Mix: The property features a desirable unit mix of 2 bedrooms and 1 bathroom, appealing to a broad tenant base.
Prime Location: Located in the heart of Covina, the property offers convenient access to freeways, amenities, parks, schools, and public transportation.
Separate Metering: The property is separately metered for electricity and gas, allowing for easier management and tenant billing.

Cons

Older Building: Built in 1959, the property may require ongoing maintenance and potential upgrades to remain competitive.
Window A/Cs: The units are equipped with window A/Cs, which may be less efficient and desirable compared to central air conditioning systems.

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