731 Azusa Avenue, West Covina, CA 91791
  • MLS#: CV24179404 ( Commercial/Residential )
  • Street Address: 731 Azusa Avenue
  • Viewed: 2
  • Price: $6,950,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1960
  • Bldg sqft: 0
  • Days On Market: 73
  • Additional Information
  • County: LOS ANGELES
  • City: West Covina
  • Zipcode: 91791
  • Provided by: CENTURY 21 MASTERS
  • Contact: THE MARK AND THE MARK AND
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    This well maintained two story apartment building presents an excellent investment opportunity in a highly sought after market. Comprising 28 units, including twenty three 2 bed, 1 bath units, three 1 bed, 1 bath units, and one studio. Key features include a separate community laundry room and a gated in ground pool centrally located in the courtyard, providing a serene escape for residents. The property is secured with a gated entrance, ensuring peace of mind for tenants. Additionally, there are 28 garages with storage, plus 4 extra parking spaces currently being rented, adding to the income potential. The building is efficiently managed with 29 electric meters, 29 gas meters, and 1 water meter. Positioned on a beautiful tree lined street and the 10 Freeway, this property is an enticing option for investors looking to expand their portfolio in a desirable and thriving area. Buyers and/or their agent to complete their own due diligence in regard to all aspects of the property, including but not limited to income, expenses, and potential rents, etc.
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Features
Assessments
  1. Unknown
Association Fee
  1. 0.00
Building Area Total
  1. 22428.00
Commoninterest
  1. None
Common Walls
  1. 2+ Common Walls
Cooling
  1. Wall/Window Unit(s)
Country
  1. US
Days On Market
  1. 65
Electric Expense
  1. 2660.00
Entry Location
  1. Front
Fireplace Features
  1. None
Fuel Expense
  1. 0.00
Garage Spaces
  1. 28.00
Gardner Expense
  1. 4800.00
Heating
  1. Wall Furnace
Insurance Expense
  1. 11736.00
Laundry Features
  1. Community
  2. Individual Room
Laundry Income
  1. 2508.00
Levels
  1. Two
Lockboxtype
  1. See Remarks
Lot Features
  1. 26-30 Units/Acre
Netoperatingincome
  1. 341688.00
Newtaxesexpense
  1. 79500.00
Number Of Separate Electric Meters
  1. 19
Number Of Separate Gas Meters
  1. 19
Otherexpense
  1. 11049.00
Otherexpensedescription
  1. Gas
Parcel Number
  1. 8442008009
Parking Features
  1. Assigned
  2. Community Structure
  3. Garage
  4. Parking Space
Pool Features
  1. Community
  2. In Ground
Postalcodeplus4
  1. 1012
Professionalmanagementexpense
  1. 21060.00
Property Type
  1. Commercial/Residential
Sewer
  1. Unknown
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 422061367:CRM
Spa Features
  1. None
Suppliesexpense
  1. 5200.00
Totalexpenses
  1. 170364.00
Trash Expense
  1. 12030.00
Uncovered Spaces
  1. 4.00
View
  1. None
Water Sewer Expense
  1. 12031.00
Water Source
  1. See Remarks
Year Built
  1. 1960
Year Built Source
  1. Assessor
Zoning
  1. WCR3-MF45*