673 S Eremland Drive Covina, CA ^$ 1,525,000

673 S Eremland Drive

^$ 1,525,000

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673 S Eremland Drive

Covina, CA, 91723

^$ 1,525,000

Bedrooms11 Baths5.5 Sq 4,842

Monthly Estimate*

^$ 10,136

Listed by RE/MAX 2000 REALTY

673 S Eremland Drive, Covina, CA 91723 - Image 1

673 S Eremland Drive, Covina, CA 91723 - Image 2

673 S Eremland Drive, Covina, CA 91723 - Image 3

673 S Eremland Drive, Covina, CA 91723 - Image 4

673 S Eremland Drive, Covina, CA 91723 - Image 5

673 S Eremland Drive, Covina, CA 91723 - Image 6

Multi-Family Home for sale in Covina, CA

for $1,525,000 with 11 bedrooms and 5 full baths, 5 half baths. This 4,842 square foot home was built in 1961 on a lot size of 0.2138.

We are pleased to exclusively offer for sale this 5 Unit “value-add” opportunity in the city of Covina. Comprised of 100% Two-Story Townhouse style units, the unit mix consists of: (1) 3-Bedroom / 1.5-Bath Townhouse & (4) 2-Bedroom / 1.5-bath Townhouse style units. Each unit is approximately 1,000 sqft., providing spacious layouts well-suited for stable, long-term tenancy. Tenants benefit from gated entry, covered enclosed parking, private patios, and access to an on-site laundry facility. All units are individually metered for gas and electricity, allowing for efficient utility management. With 50% upside in rental income, a prime rental location, and desirable unit mix, this property offers an ideal value-add opportunity. Ideally located in a private cul-de-sac just minutes from Downtown Covina, the subject property offers access to restaurants, shopping, and nightlife

Multi-Family Active

Price

^$ 1,525,000

Bedrooms

Full Bath

Half Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Apartment

Lot Size

0.2138

Year Built

1961

Town/City

Covina

County/Region

Los Angeles

MLS | Web ID

CV25081553

Days on Market

Features

General

Sewer PublicSewer

Cooling WallWindowUnits

Utilities ElectricityAvailable NaturalGasAvailable SewerAvailable WaterAvailable

Roof Shingle

Zoning CVR3-RD1500*

HOA Fee 0.0

Garage Spaces 6.0

Pool Features None

Year Built 1961

Tenant Pays Electricity Gas

View None

Stories 2

Levels Two

Property Subtype Apartment

Gross Income 99660.0

Community Features StreetLights Sidewalks

County Los Angeles

Net Operating Income 65192.0

Operating Expense 31478.0

Insurance Expense 4500.0

New Construction N

Property Type ResidentialIncome

HOA N

Attached Garage N

Garage Y/N Y

Special Listing Conditions Standard

Status Active

Directions Just south of Rowland St between Barranca Ave and Citrus Ave

City Covina

Entry Location 1

Senior Community Y/N N

Number Of Units Total 5

MLS Area 614 - Covina

Lot Size Units SquareFeet

Lot Size Square Feet 9315.0

Carport Y/N N

Electric On Property Y/N N

Listing Terms CashToNewLoan

Spa Features None

Property Attached Y/N Y

Land Lease Y/N N

Home Warranty Y/N N

Trash Expense 2400.0

Water Sewer Expense 2400.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Building Area Units SquareFeet

Standard Status Active

Year Built Source Assessor

Tax Lot 30

Property Sub Type Additional Apartment

Taxes 17679.0

Exterior

Fencing Brick Wood

Parking Features Garage GarageFacesRear

Lot Features ZeroToOneUnitAcre

Water Source Public

Total Parking 6.0

Lot Size Area 9315.0

Number of Buildings 1

Spa N

Building Area Total 4842.0

Lot Size Acres 0.2138

Road Surface Type Paved

Private Pool N

Lot Size Source Assessor

WaterfrontY/N N

Number of Separate Water Meters 1

Number of Separate Gas Meters 5

Number of Separate Electric Meters 5

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Fireplace Features None

Total Stories 2

Common Walls TwoCommonWallsOrMore

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N N

Fireplace Y/N N

Laundry Features CommonArea

Entry Level 1

Internal Only

Street Number 1 673

* Excluded Features

List By

Re/Max 2000 Realty

Broker

(626) 427-0786

Phone

Affordability Calculator

$10,136

Per Month

Monthly Principal & Interest: $10,136
Monthly Property Taxes: --
Monthly Home Insurance: --

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Loan Term

Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Covina, CA

Average List Price ^$1,331,984

Percent of Sale Price 13%

About Covina, CA

49,063 Population

5% Since 2002

^$68,132 Median Income

37.47 Median Age

35% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/15/2025	$1,525,000		Listed Price

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673 S Eremland Drive, Covina, CA, 91723 is a Multi-Family Home for sale at $1,525,000 with 4,842 sqft and a lot size of 0.2138. 673 S Eremland Drive has 11 bedrooms, 5.5 baths, and was built in 1961. The property's zip code is 91723 which is in Covina, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/29/2025. 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, 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.

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673 S Eremland Drive

Multi-Family Home for sale in Covina, CA

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