645 S Eremland Dr

For Sale

645 S Eremland Dr, Covina, CA 91723

This Covina property for sale is located at 645 S Eremland Dr. The current listed sale price for 645 S Eremland Dr is $1,525,000. 645 S Eremland Dr is situated on a lot that is 0.16 acre in size.

Contacts

broker

Robert Leveen

Lee & Associates - Pasadena

(213) 995-6684

Property Details

  • Property Type Multi-Family
  • Property Size 3,690 SF
  • Units 5
  • Lot Size 0.16 Acre
  • Year Built 1956
  • Date Updated Apr 16, 2024
.Lee & Associates Apartment Advisors is pleased to present Eremland Apartments in Covina, CA. Located at 645 S. Eremland Drive, the five unit apartment community was built in 1956. The unit mix is comprised of two x one bedroom/one bath and three x two bedroom/one bath units. The property is located on a quiet cul de sac street and situated on a ±7,105 square foot parcel. The units are separately metered and the on-site laundry machines are owned. A new central water heater was installed in 2022, and the staircase was just replaced. The property is subject to AB 1482 state rent caps which allow for annual rent increases of a minimum of 5% and maximum of 10%. Eremland Apartments benefits from its close proximity to retailers on Rowland Street and Citrus Avenue. Further, the Eastland Center power mall with Walmart Supercenter and Target is located within a five minute drive, as well as I-10, providing convenient access to destinations in Los Angeles county. Covina is a thriving submarket in the San Gabriel Valley, with high occupancy rates, and continued upward pressure on rents. This is a rare opportunity for an investor to acquire an easy to manage, well located property in a highly desirable rental market.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • Value Add Opportunity
  • Long Term Tenants
  • Rental Upside
  • Great Location

Attachments

Getting around

  • 84/100

    Walk Score ®

  • 42/100

    Transit Score ®

  • 51/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Covina, CA
  • Neighborhood Covina
  • Zip Code 91723
  • Market Los Angeles

Points of Interest

  • Covina

    1.00 miles

  • APU/Citrus College

    4.10 miles

  • Baldwin Park

    4.14 miles

  • Azusa Downtown

    4.17 miles

  • Irwindale

    4.42 miles

  • Industry

    5.38 miles

  • Duarte/City of Hope

    5.98 miles

  • Monrovia

    7.71 miles

  • Pomona–North

    7.77 miles

  • Pomona

    7.86 miles

  • Chevron

    0.27 miles

  • 76

    0.29 miles

  • ARCO Grand Carwash

    0.82 miles

  • 76

    0.85 miles

  • Arco

    1.20 miles

  • 76

    1.23 miles

  • Shell

    1.31 miles

  • Mobil

    1.34 miles

  • 76

    1.37 miles

  • Shell

    1.43 miles

  • Metrolink Parking Structure

    1.00 miles

  • United Methodist Church Park And Ride

    1.10 miles

  • Covina Transit Center

    1.55 miles

  • United Methodist Church Park And Ride

    1.58 miles

  • Trail Parking

    2.41 miles

  • Staff Parking

    3.01 miles

  • Grand Ave Park And Ride

    3.08 miles

  • Trail Parking

    3.23 miles

  • Parking Lot H

    3.42 miles

  • Lot J

    3.61 miles

  • Fairfield Inn & Suites

    0.67 miles

  • Travelodge Inn & Suites by Wyndham West Covina

    2.89 miles

  • Super 8 by Wyndham Azusa

    3.33 miles

  • Glendora Motel

    3.64 miles

  • Glendora Inn

    3.96 miles

  • Courtyard

    4.04 miles

  • Motel 6

    4.26 miles

  • Red Roof Inn

    4.30 miles

  • Red Roof Inn San Dimas - Fairplex

    4.30 miles

  • Motel 6

    4.35 miles

  • Sprouts Farmers Market

    0.26 miles

  • Target

    0.31 miles

  • Walmart Supercenter

    0.32 miles

  • Marshalls

    0.34 miles

  • Ross

    0.34 miles

  • Burlington

    0.35 miles

  • Baja Ranch Market

    0.39 miles

  • Vons

    1.00 miles

  • Smart & Final

    1.28 miles

  • Stater Bros.

    1.31 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Robert Leveen

Lee & Associates - Pasadena

(213) 995-6684