731 N Azusa Avenue, West Covina, CA 91791
- $7,950,000
- List Price
- $7,950,000
- Status
- ACTIVE
- MLS#
- CV24179404
- Year Built
- 1960
- Lot Size
- 33,563
- Acres
- 0.77
- Lot Location
- 26-30 Units/Acre
- Days on Market
- 15
- Property Type
- Multifamily
- Property Sub Type
- Mixed Use
- Stories
- Two Levels
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.
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Additional Information
- Pool Description
- Community, In Ground
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- View
- None
- Garage Spaces Total
- 28
- Sewer
- Unknown
- Water
- See Remarks
- Attached Structure
- Attached
- Number Of Units Total
- 28
- Gross Scheduled Income
- $507,144
- Operating Expense
- 170364
Listing courtesy of Listing Agent: THE MARK AND AL TEAM (offers@markandal.com) from Listing Office: CENTURY 21 MASTERS.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.