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Property 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 19 electric meters, 19 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. Potential cap rate could be 4.78%. 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.

Features
: In ground, Community
: Wall Furnace
: Wall/window Unit(s)
2
1
: Individual Room, Community
0
: Sidewalks, Street Lights
Additional Information
CENTURY 21 MASTERS
0
C10605
50471
THE MARK AND
8442008009
: Standard
28
Two
25

Multi-Family For Sale

731 Azusa Avenue, West Covina, California 91791

22,428 Sqft
$6,950,000
Listing ID #CV24179404
Basic Details
Status : Active
DaysOnMarket : 28
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : CV24179404
Price : $6,950,000
Living Area : 22,428 Sqft
Lot Size : 33,563 Sqft
Year Built : 1960
Country : US
State : California
County : Los Angeles
City : West Covina
Zipcode : 91791
Price Per Square Foot : $310
ModificationTimestamp : 2024-10-02 15:33:56
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