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

Active (15 Days)
$7,950,000
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-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.

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 Sep 19 2024 at 4:17 PM GMT+0000
Bathroom Details
Interior Features
  • Laundry: Laundry Room
  • Laundry: Common Area
Lot Information
  • 26-30 Units/Acre
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
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Estimated Monthly Mortgage Payment

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

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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.