$6,950,000
Active
30 Days Online
0 Beds0 Baths22,428 SQFT
Active

731 N Azusa Avenue West Covina, CA 91791

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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.

  • Property TypeMulti-Family
  • NeighborhoodN/A
  • CountyLos Angeles
  • Taxes$0
  • HOA/Condo/Coop Fees$0
  • Days on Site29 Days
  • MLS StatusActive
  • MLS ID NumberCV24179404
  • Home Size Source N/A
  • Year Built1960
  • Lot Size0.7705 Acres
  • Full BathsN/A
  • Partial BathsN/A

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General Features

  • Parking AssignedCommunity StructureGarageParking Space
  • Parking Spaces 32
  • Sewer Unknown
  • Number of Stories 22
  • Acreage 0.7705
  • Water See Remarks
  • Garage Spaces 28
  • Zoning WCR3-MF45*
  • Listing Conditions Standard

Interior Features

  • Cooling Wall/ Window Unit(s)
  • Heating Wall Furnace
  • Fireplace Features None
  • Laundry Features CommunityIndividual Room
  • Fireplace No

Exterior Features

  • View None
  • Spa No
  • Pool Features CommunityIn Ground
  • Spa Features None
  • Lot 26-30 Units/ Acre

Community Features

  • Association Dues 0
  • Community Features SidewalksStreet Lights
  • Senior Community No
  • MLS Area 669 - West Covina

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Monthly Payment (Est.)

$33,765
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