$ 6,880,000
826 N Barranca Avenue Covina, CA 91723
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$ 6,880,000
Est. payment /mo
Active
826 N Barranca Avenue Covina, CA 91723
22,820 SqFt
UPDATED:
09/23/2024 06:14 PM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 22,820 sqft
Price per Sqft $301
MLS Listing ID CRTR24074689
HOA Y/N No
Year Built 1961
Lot Size 1.035 Acres
Acres 1.03
Property Description
***PRICE IMPROVED*** We are pleased to present the rare opportunity to acquire a garden style 24-unit multi-family investment in Covina, California. Located at 826 North Barranca Avenue, the subject property is part of the portfolio of The Bahamas Apartment. This multi-family Asset is in a market with solid demographics and unique accessibility to major employment hubs, easy to access freeway I-10 and I-210, close to downtown Covina. The property is within minutes to essential city frequented locations�??Costco, Walmart Supercenter, Home Depot, Plaza West Covina, Ikea, Azusa Pacific University, Citrus College, Cal Poly Pomona, and Kaiser Permanente Baldwin Park Medical Center. The spacious unit mix consists of studio, one-bedroom, Two-bedroom and Four-bedroom units with large floor plan, patio, Central AC. This property portfolio offers value-add opportunity for investors to invest in a prime asset with well-maintained condition. Two Units are nonconforming units (1 Studio and 1 one becroom unit). Investor has opportunity to legalize those unit and potentially add ADU. Buyer to verify. Ideal for exchange with potential upside on rent. The property will be delivered free and clear.
Location
State CA
County Los Angeles
Area Listing
Zoning CVR3
Interior
Fireplace No
Laundry Other
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 8429031016
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Listed by Grady Liu • MacroReal Inv Grp Inc.