$ 6,950,000
731 N Azusa Avenue West Covina, CA 91791
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Listed by THE MARK AND AL TEAM • CENTURY 21 MASTERS
$ 6,950,000
Est. payment /mo
Active
731 N Azusa Avenue West Covina, CA 91791
22,428 SqFt
UPDATED:
10/03/2024 06:57 AM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 22,428 sqft
Price per Sqft $309
MLS Listing ID CRCV24179404
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1960
Lot Size 0.771 Acres
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.
Location
State CA
County Los Angeles
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Community Facility, Laundry Room
Exterior
View None
Parking Type Assigned, Other
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