645 S Eremland Dr

645 S Eremland Dr, Covina, CA 91723

  • For Sale $1,525,000
  • 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.

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Attachments

Highlights

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

Contacts

broker

Robert Leveen

Lee & Associates - Pasadena

(213) 995-6684

Location

Getting Around

  • Walk Score ®

    84/100 Very Walkable

  • Transit Score ®

    42/100 Some Transit

  • Bike Score ®

    51/100 Bikeable
Powered by Walk Score ®
  • 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

  • Golden Bowl

    0.11 miles

  • IHOP

    0.19 miles

  • Subway

    0.23 miles

  • Burger King

    0.30 miles

  • Buffalo Wild Wings

    0.34 miles

  • Carl's Jr.

    0.34 miles

  • Waba Grill

    0.36 miles

  • AhiPoki

    0.37 miles

  • The Habit Burger Grill

    0.37 miles

  • Jersey Mike's Subs

    0.37 miles

  • Barranca Elementary School

    0.28 miles

  • Tri-Community Adult School

    0.55 miles

  • Sacred Heart School

    0.59 miles

  • Christ School

    0.73 miles

  • Sierra Vista Intermediate School

    0.81 miles

  • Tri-Community Adult Education

    0.83 miles

  • Mesa Elementary School

    0.84 miles

  • Covina High School

    0.85 miles

  • Cortez School

    1.01 miles

  • Traweek Intermediate School

    1.02 miles

  • Charter Oak Day School

    2.47 miles

  • McKinley Children's Center

    3.85 miles

  • Building 116 - Child Care Center

    4.14 miles

  • Star Education

    4.43 miles

  • Diamond Bar Montessori

    5.82 miles

  • La Petite Academy

    6.22 miles

  • YMCA Child Care

    6.79 miles

  • Mariposa Elementry School-Kindergarden Building

    9.89 miles

Frequently Asked Questions

What is the lease rate for 645 S Eremland Dr?

Rental asking rate at 645 S Eremland Dr is $762,500.00/YR.

What is the total square footage of 645 S Eremland Dr?

645 S Eremland Dr totals 3,690 square feet.

When was this property built?

645 S Eremland Dr was built in 1956.

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Contact Listing Broker

broker

Robert Leveen

Lee & Associates - Pasadena

(213) 995-6684