731 N Azusa Avenue West Covina, CA 91791
Listing Courtesy of: CRMLS / Century 21 Masters / Mark Cofer - Contact:  offers@markandal.com

  731 N Azusa Avenue West Covina, CA 91791

Pending (83 Days)
$6,950,000
22,428
SQFT

Description

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.

MLS #:
CV24179404
Lot Size
0.77 acres
Type
Multifamily
Year Built
1960
County
Los Angeles County

Listed By

Mark Cofer, DRE #00914322 CA, Century 21 Masters, Contact: offers@markandal.com
Source
CRMLS
Last checked Dec 22 2024 at 4:36 PM GMT+0000
Bathroom Details
Interior Features
  • Laundry: Laundry Room
  • Laundry: Common Area
Heating and Cooling
  • Wall Furnace
  • Wall/Window Unit(s)
Pool Information
  • Community
  • In Ground
Utility Information
  • Utilities: Water Source: See Remarks
  • Sewer: Unknown
Parking
  • One Space
  • Garage
  • Community Structure
  • Assigned
Stories
  • 2
Additional Information: Masters Glendora (M&A) | offers@markandal.com
Location
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Oct 02, 2024
Price Changed
$6,950,000
-13%
-1,000,000
Sep 04, 2024
Original Price
$7,950,000
-
-

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
%
Mortgage calculator estimates are provided by C21 Masters and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Based on information from California Regional Multiple Listing Service, Inc. as of 2/22/23 10:28 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable.