1127-1131 E Garvey Avenue N

    West Covina, CA 91790
    • $6,650,000
    • STATUS: Active
    • ON SITE: 136 days
    • ID#: TR18049509
    UPDATED: 49 min ago
    $6,650,000
    • 0
      BEDS
    • 0.78
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1958
    County:

    School Ratings & Info

    Description

    This is a rare opportunity to acquire 18,382 Square Feet West Covina Terrace Apartment, a 28-unit multi-family investment in West Covina, California. This offering presents opportunity to purchase a well-maintained property with so many upgrades inside the property. Situated in the most convenient location of West Covina, this property is across from the most prosperous Plaza West Covina, very easy to access Freeway I-10. This medium-sized multi-family Asset located in a market with solid demographics and unique accessibility to major employment hubs, providing access to a growing number of retail and restaurant amenities. The spacious unit mix consists of 4 studio units, 20 one-bedroom / one-bath units and 4 two-bedroom / one-bath units.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-18T07:34:01.32. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.playavistaliving.com/homes/81246582

    1127-1131 E Garvey Avenue N West Covina, CA 91790

    • Price: $6,650,000
    • Status: Active
    • Updated: 49 min ago
    • ID#: TR18049509
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.78
    Acres
    1958
    Built
    Neighborhood:
    669 - West Covina
    County:
    Los Angeles
    Area:
    669 - West Covina
    Property Description
    This is a rare opportunity to acquire 18,382 Square Feet West Covina Terrace Apartment, a 28-unit multi-family investment in West Covina, California. This offering presents opportunity to purchase a well-maintained property with so many upgrades inside the property. Situated in the most convenient location of West Covina, this property is across from the most prosperous Plaza West Covina, very easy to access Freeway I-10. This medium-sized multi-family Asset located in a market with solid demographics and unique accessibility to major employment hubs, providing access to a growing number of retail and restaurant amenities. The spacious unit mix consists of 4 studio units, 20 one-bedroom / one-bath units and 4 two-bedroom / one-bath units.
    Exterior Features

    Garage Spaces 0.00 Lot Features 26-30 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Features Assigned Parking Total 0.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Community Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.33 Community Features Urban Country Us Electric Expense 1728.00 Elevation Units Feet Fuel Expense 4970.00 Gardener Expense 1440.00 Gross Income 442024.00 Gross Multiplier 15.11 Gross Operating Income 442024.00 Gross Scheduled Income 439980.00 Insurance Expense 6500.00 Land Lease YN No Laundry YN Yes Maintenance Expense 11200.00 Net Operating Income 287953.00 New Taxes Expense 82712.00 Number Of Separate Electric Meters 28 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 154070.00 Other Income1 15243.00 Professional Management Expense 13261.00 Rent Control YN No Senior Community YN No Special Listing Conditions Standard Total Expenses 154070.00 Trash Expense 8610.00 Vacancy Allowance 13199 Vacancy Allowance Rate 3.00 Water Sewer Expense 9250.00 Water Source Public Workmans Compensation Expense 14400.00 Zoning Wcr3-Mf20*

    Listing provided courtesy of Jared Leung of Macroreal Inv Grp Inc. and Grady Liu of Macroreal Inv Grp Inc..


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-18T07:34:01.32. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
    Team Tami | Palm Realty Boutique
    7101 Playa Vista Dr.
    Playa Vista CA, 90094