$1,400,000
$1,390,000
0.7%For more information regarding the value of a property, please contact us for a free consultation.
7,357 Sqft Lot
SOLD DATE : 11/07/2024
Key Details
Sold Price $1,400,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV24180732
Sold Date 11/07/24
HOA Y/N No
Year Built 1959
Lot Size 7,357 Sqft
Property Description
Presenting an excellent investment opportunity, this two-story, 6-unit apartment building ideally situated in a prime West Covina location. There are six 2-bed, 1-bath units, featuring solar hot water, individual gas and electric meters, along with a dedicated 1-car garage and a laundry room in the complex. The property is surrounded by lush greenery, providing a serene environment for residents. Its location near Plaza West Covina, a famous bakery, cinemas, and the 10 freeway makes it an attractive choice for tenants. Potential cap rate could be 4.63%. 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-MF20*
Interior
Cooling Wall/Window Unit(s)
Fireplaces Type None
Fireplace No
Laundry Common Area, Laundry Room
Exterior
Parking Features Assigned, Garage
Garage Spaces 6.0
Garage Description 6.0
Pool None
Community Features Street Lights, Sidewalks
Total Parking Spaces 6
Private Pool No
Building
Lot Description Lawn, Yard
Story 2
Entry Level Two
Sewer Unknown
Water See Remarks
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 8476013004
Acceptable Financing Submit
Listing Terms Submit
Financing Cash
Special Listing Condition Trust
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