731 N Azusa AVE Active Save Request In-Person Tour Request Virtual Tour
West Covina,CA 91791
Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 22,428 sqft
Price per Sqft $309
MLS Listing ID CV24179404
Year Built 1960
Lot Size 0.770 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
Area 669 - West Covina
Zoning WCR3-MF45*
Rooms
Ensuite Laundry Common Area,Laundry Room
Interior
Laundry Location Common Area,Laundry Room
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplaces Type None
Laundry Common Area,Laundry Room
Exterior
Garage Assigned,Garage,One Space,Community Structure
Garage Spaces 28.0
Garage Description 28.0
Pool Community,In Ground
Community Features Street Lights,Sidewalks,Pool
View Y/N No
View None
Building
Lot Description 26-30 Units/Acre
Story 2
Sewer Unknown
Water See Remarks
New Construction No
Others
Acceptable Financing Submit
Listing Terms Submit
Special Listing Condition Standard