4810 Vincent Avenue, Covina, CA 91722
  • MLS#: CV25125484 ( Apartment )
  • Street Address: 4810 Vincent Avenue
  • Viewed: 2
  • Price: $8,998,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1984
  • Bldg sqft: 0
  • Days On Market: 135
  • Additional Information
  • County: LOS ANGELES
  • City: Covina
  • Zipcode: 91722
  • Provided by: MARCUS & MILLICHAP
  • Contact: Douglas Douglas
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    NEW PRICE $236,789 FOR 38 UNITS (does not include 2 non conforming units). CALL or EMAIL FOR OFFERING MEMORANDUM. Vincent Village Apartments, located at 4810 North Vincent Avenue in unincorporated Los Angeles County, California. Constructed in 1984, this 38+2 unit multifamily investment is situated on a spacious 1.37 acre parcel with an approximate building size of 26,969 square feet. The property comprises thirty eight two bedroom/one bathroom units and two non conforming studio/one bathroom units. Select units feature laminate/tile flooring, granite or quartz countertops, dishwashers, and private patios or balconies. All apartments are equipped with wall A/C and heating units, gas ranges, and are individually metered for gas and electricity. Additional amenities include two central water heaters, copper plumbing, a gated entry, swimming pool, on site laundry facility (leased), a managers office with bathroom, and a greenbelt area with the potential to build eight ADUs. Parking accommodations consist of 41 carport spaces and 32 open parking spaces, along a concrete driveway. Unincorporated Los Angeles County is subject to its own rent control ordinance (buyer to verify). Vincent Village Apartments is ideally positioned in the San Gabriel Valley, offering seamless connectivity to Interstate 10, 210, 57, and 605 freeways, and within proximity to Downtown Los Angeles. The area is supported by convenient public transportation via the Covina and Baldwin Park Metrolink Stations, giving residents multiple commuting options for work, entertainment, and shopping. Adding to its appeal, the property is located near several reputable educational institutions, including Cedargrove Elementary School, Grovecenter Elementary, and Barranca Elementary School, all within a two mile radiusenhancing its attractiveness to long term family tenants. For higher education, nearby colleges include Azusa Pacific University, Citrus College, and Mt. San Antonio College, each offering robust academic programs and convenient access for student tenants or faculty members. Residents also benefit from close proximity to major retail and grocery amenities. Vincent Village Apartments presents a rare opportunity to acquire a well located, value add multifamily asset with strong fundamentals, with 35% rental upside in a high demand rental market.
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Features
Building Area Total
  1. 26969.00
Carport Spaces
  1. 41.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Country
  1. US
Days On Market
  1. 121
Electric Expense
  1. 14856.00
Entry Location
  1. Secured Gate
Fuel Expense
  1. 10000.00
Garage Spaces
  1. 0.00
Gardner Expense
  1. 5950.00
Insurance Expense
  1. 18830.00
Laundry Features
  1. Community
Laundry Income
  1. 12419.00
Levels
  1. Two
Lot Features
  1. Lot Over 40000 Sqft
Netoperatingincome
  1. 492998.00
Newtaxesexpense
  1. 117560.00
Number Of Separate Electric Meters
  1. 39
Number Of Separate Gas Meters
  1. 39
Parcel Number
  1. 8410012026
Pest Control Expense
  1. 1800.00
Pool Expense
  1. 6150.00
Pool Features
  1. Community
Professionalmanagementexpense
  1. 50269.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 440206954:CRM
Suppliesexpense
  1. 1000.00
Tenant Pays
  1. Electricity
  2. Gas
Totalexpenses
  1. 298545.00
Trash Expense
  1. 12588.00
Uncovered Spaces
  1. 32.00
Vacancyallowance
  1. 15900
Water Sewer Expense
  1. 16899.00
Water Source
  1. Public
Year Built
  1. 1984
Year Built Source
  1. Public Records
Zoning
  1. LCR318UDP*