REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Trevor Smith

[email protected] +1(858) 539-9999

$ 6,950,000

Est. payment -/mo

Save

Price Dropped by $1.0M

731 N Azusa AVE West Covina, CA 91791

22,428 SqFt

UPDATED:

10/02/2024 10:35 PM

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

HOA Y/N No

Year Built 1960

Lot Size 0.770 Acres

Acres 0.7705

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

Fireplace No

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

Parking Type Assigned, Garage, One Space, Community Structure

Total Parking Spaces 32

Private Pool No

Building

Lot Description 26-30 Units/Acre

Story 2

Entry Level Two

Sewer Unknown

Water See Remarks

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 8442008009

Acceptable Financing Submit

Listing Terms Submit

Special Listing Condition Standard

Listed by THE MARK AND AL TEAM • CENTURY 21 MASTERS • [email protected]

Trevor Smith

Real Estate Broker | License ID: DRE 01700986

+1(858) 539-9999

Trevor Smith

731 N Azusa AVE West Covina, CA 91791

Key Details

Location

Rooms

Interior

Exterior

Building

Others

GET MORE INFORMATION

Go tour this home

731 N Azusa AVE