731 N Azusa Ave - Apartments FOR SALE


West Covina, CA 91791
$6,950,000 USD
626-335-6000
731 N Azusa Ave, West Covina, CA for Sale
$6,950,000 USD
Apartments - FOR SALE
1/47
null | 5.16% Cap Rate

731 N Azusa Ave
West Covina, CA 91791


HIGHLIGHTS

  • Laudry room
  • Community pool
  • Garages

OVERVIEW

This well-maintained two-story apartment building presents an excellent investment opportunity in a highly sought-after market. Comprising 28 units, including twenty-four 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 29 electric meters, 29 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. 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. ***For Investment Analysis and Offer Cover Sheet click on attachments***

FOR SALE DETAILS

PRICE

$6,950,000 USD

PRICE/SF

$310 USD /SF

# OF UNITS

28

PRICE/UNIT

$248,214

CAP RATE

5.16%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

West Covina Gardens

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.77 AC

LAND SF

33,541 SF

ZONING

WCR3-MF45*

APN/PARCEL ID

8442-008-009

ASK ABOUT THIS PROPERTY

Al JafarkaniCentury 21 MastersMore Info
626-335-6000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Al JafarkaniCentury 21 MastersMore Info
626-335-6000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.