tomo logo

$6,880,000

Beds
Unknown
sq ft
22,820

826 N Barranca Ave, Covina, CA 91723

826 N Barranca Ave

Covina, CA 91723

  • 222 days on market
    • Price drop $400,000↓
***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.

Details

Property type

Apartment

Lot size

1.0348 acres

Price per sq ft

$302

Year built

1961

Price History

05/20/2024
CRMLS

CRMLS #TR24074689

Price change
$6,880,000
-5.49%
04/15/2024
CRMLS

CRMLS #TR24074689

Listed
$7,280,000
+3.63%
04/01/2016
CRMLS

CRMLS #CV15255177

Sold
$7,025,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool

Status: Active

Tomo last checked: 11/23/2024 at 2:20 PM

Listing updated: 09/23/2024 at 10:51 AM

Listed by: Grady Liu, MacroReal Inv Grp Inc. Phone #: (626) 898-5868

MLS: CRMLS #TR24074689

CRMLS logo

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