Covina, CA 91723 515 S Stewart Drive
$3,648,800
3 more
Presented By: Jagmeet Singh with Keller Williams - Eagle Rock; 626-272-5941
- MLS# AR25144947
- 07/08/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 16
Baths • 2
SQFT • 8,100
Garage • 1
Home Details
Proudly presenting the opportunity to acquire 515 S Stewart Drive, a 13-unit multifamily property located in Covina, CA. 515 S Stewart Drive is located on a quiet residential street and features an excellent unit mix: (3) 2 bed/1.5 bath townhome style units and (10) 1 bed/1 bath units. The property features a new roof, new electric subpanels, and onsite laundry facilities. 515 S Stewart Drive is well maintained, and is close to local elementary, middle, and high schools. Located minutes from Downtown Covina, tenants benefit from easy access to local parks, shopping, grocery stores, and eateries. Given the rental upside potential, as well as the possibility of adding two ADUs, this is an excellent addition to any real estate investor’s portfolio.
Presented By: Jagmeet Singh with Keller Williams - Eagle Rock; 626-272-5941
Interior Features for 515 S Stewart Drive
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsOneCommonWall
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories2
Other Rooms
Entry Level1
General for 515 S Stewart Drive
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.34
Carport Spaces7.0
Carport Y/NYes
CityCovina
Community FeaturesSidewalks
CountyLos Angeles
DirectionsNorth of Rowland and West of Citrus Ave
Electric Expense1489.0
Entry Location1
Fuel Expense180.0
Garage Spaces1.0
Garage Y/NYes
Gross Income286296.0
HOANo
Home Warranty Y/NNo
Insurance Expense12748.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToNewLoan
Lot Size Square Feet15859.0
Lot Size UnitsSquareFeet
MLS Area614 - Covina
Maintenance Expense19755.0
MobileHomeRemainsYNNo
Net Operating Income194665.0
New ConstructionNo
Number Of Units Total13
Open Parking Spaces6.0
Operating Expense92651.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Tax Lot24
Taxes$42,774
Trash Expense4860.0
Water Sewer Expense4980.0
Year Built1956
Year Built SourceAssessor
ZoningCVR3-RD1250*
Exterior for 515 S Stewart Drive
Building Area Total8100.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesStreetLevel
Lot Size Acres0.3641
Lot Size Area15859.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters14
Number of Separate Gas Meters14
Number of Separate Water Meters1
Private PoolNo
SpaNo
Total Parking14.0
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Hal Schlegel
Broker Associate