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.
Features
: Community, In Ground
: Wall Furnace
: Wall/window Unit(s)
: No
: No
: 32
: Garage, Assigned, Community Structure, Onespace
Address Map
U.S.
California
Los Angeles
West Covina
91791
731 N Azusa Avenue
0
W118° 5' 29.7''
N34° 5' 2.6''
MLS Addon
$0
22,428 Sqft
: No
: No
4.3
0
N/Azusa Ave and E/Puente Ave
28
: No
2

Residential Income For Sale West Covina

731 N Azusa Avenue, West Covina, Los Angeles, California, 91791

33,563 Acre
Visits : 7 in 15 days
$7,950,000
Listing ID #CV24179404
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : CV24179404
Price : $7,950,000
Year Built : 1960
Lot Area : 33,563 Acre
Status : Active
Property Sub Type : Mixed Use
Agent info
Damian M. Ramirez
Damian M. Ramirez
  • 01974515
  • 1213238
  • PWDAMRA
Broker
Broker
A level-headed and composed professional.  Combat veteran and experienced CEO with the ability to train and motivate staff to meet challenging performance targets and consistently satisfy clients with high-quality service.
Contact Agent
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