Assignment
Under-Contract Single Family — West Covina, CA | Assign Now
1050 Lakes Dr, West Covina, CA · Listed Jan 2025
The seller hasn’t added photos yet
Property typeMultifamily
Units3
Beds / baths6 / 3.5
Living area3,340 sqft
Lot0.4 acres
Year built1953
About this deal
Assignable purchase contract on a 3-bed, 2.0-bath single-family home located at 1050 LAKES DR, West Covina, CA. Contract price $240,000. Assignment fee is pre-negotiated and already priced in. Comps support solid post-rehab value — an equity play with minimal work required.
The numbers
- Cap rate
- 8.3%
- Net operating income
- $32,856/yr
- Cash flow
- +$2,738/mo
- Occupancy
- 2 of 3 units
Figures are provided by the seller and haven’t been verified by ListDeed. Do your own due diligence.