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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.

Features
: Fenced, Community
2
1
: Common Area
0
: Urban
Additional Information
MacroReal Inv Grp Inc.
0
HLIUCHIE
PB7966
Grady
8429031016
: Standard
3
Two
35

Multi-Family For Sale

826 Barranca Avenue, Covina, California 91723

22,820 Sqft
$6,880,000
Listing ID #TR24074689
Basic Details
Status : Active
DaysOnMarket : 161
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : TR24074689
Price : $6,880,000
Living Area : 22,820 Sqft
Lot Size : 45,075 Sqft
Year Built : 1961
Country : US
State : California
County : Los Angeles
City : Covina
Zipcode : 91723
Price Per Square Foot : $301
ModificationTimestamp : 2024-09-23 10:49:22
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