Marcus & Millichap has closed the sale of Vincent Village, a 40-unit apartment property located at 4810 N. Vincent Ave. in Covina. The property sold for $8.2 million, or $205,000 per unit, at a 5.9% cap rate with approximately 29% rental upside.. “The property was located in unincorporated Los Angeles County where annual rent increases ...
The post Covina Apartments Trade on In-Place Cash Flow, Rental Upside appeared first on Connect CRE .
This content is for informational purposes only and does not constitute investment advice. Always consult with qualified professionals before making investment decisions.
Related Reading
Get Daily Insights Like This
Join thousands of CRE investors receiving market updates, deal analysis, and tenant intelligence daily.
Subscribe Free