826 Barranca Avenue, Covina, CA 91723
  • MLS#: TR24074689 ( Apartment )
  • Street Address: 826 Barranca Avenue
  • Viewed: 1
  • Price: $6,880,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1961
  • Bldg sqft: 0
  • Days On Market: 215
  • Additional Information
  • County: LOS ANGELES
  • City: Covina
  • Zipcode: 91723
  • Provided by: MacroReal Inv Grp Inc.
  • Contact: Grady Grady
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    ***PRICE IMPROVED*** We are pleased to present the rare opportunity to acquire a garden style 24 unit multi family investment in Covina, California. Located at 826 North Barranca Avenue, the subject property is part of the portfolio of The Bahamas Apartment. This multi family Asset is in a market with solid demographics and unique accessibility to major employment hubs, easy to access freeway I 10 and I 210, close to downtown Covina. The property is within minutes to essential city frequented locationsCostco, Walmart Supercenter, Home Depot, Plaza West Covina, Ikea, Azusa Pacific University, Citrus College, Cal Poly Pomona, and Kaiser Permanente Baldwin Park Medical Center. The spacious unit mix consists of studio, one bedroom, Two bedroom and Four bedroom units with large floor plan, patio, Central AC. This property portfolio offers value add opportunity for investors to invest in a prime asset with well maintained condition. Two Units are nonconforming units (1 Studio and 1 one becroom unit). Investor has opportunity to legalize those unit and potentially add ADU. Buyer to verify. Ideal for exchange with potential upside on rent. The property will be delivered free and clear.
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Features
Building Area Total
  1. 22820.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Country
  1. US
Days On Market
  1. 423
Electric Expense
  1. 0.00
Entry Location
  1. Gate
Fuel Expense
  1. 0.00
Garage Spaces
  1. 3.00
Insurance Expense
  1. 0.00
Laundry Features
  1. Common Area
Levels
  1. Two
Lot Features
  1. Lot Over 40000 Sqft
Netoperatingincome
  1. 411680.00
Number Of Separate Electric Meters
  1. 23
Number Of Separate Gas Meters
  1. 23
Otherincome1
  1. 6055.00
Otherincome2
  1. 10716.00
Parcel Number
  1. 8429031016
Pool Features
  1. Community
  2. Fenced
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 412725387:CRM
Totalexpenses
  1. 0.00
Trash Expense
  1. 0.00
Vacancyallowance
  1. 18034
Water Sewer Expense
  1. 0.00
Water Source
  1. Public
Year Built
  1. 1961
Year Built Source
  1. Assessor
Zoning
  1. CVR3-RD2000*