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$ 6,880,000
Est. payment /mo
Active
826 N Barranca AVE Covina, CA 91723
1.03 Acres Lot
UPDATED:
09/23/2024 05:53 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRTR24074689
Originating Board California Regional MLS
Year Built 1961
Lot Size 1.035 Acres
Property 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 locations-Costco, 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.
Location
State CA
County Los Angeles
Area 614 - Covina
Interior
Laundry Laundry Area
Exterior
Garage Spaces 3.0
Pool Pool - Fenced, Community Facility
Building
Water District - Public
Others
Tax ID 8429031016
Special Listing Condition Not Applicable
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Listed by Grady Liu • MacroReal Inv Grp Inc.