We are pleased to exclusively present a multifamily opportunity to acquire a value-add asset in a dynamic in-fill location in the city of West Covina. The property is conveniently located near central West Covina with access to I-10 freeway and many retail centers in minutes. The property is close to the West Covina Plaza, downtown West Covina, Del Norte Park, Monte Vista Elementary School and West Covina Medical Center. Selected units have been fully renovated. The property is subject to AB 1482.
Property Features
Bedrooms
Appliances
- Laundry Features: Common Area
Bathrooms
Pool and Spa
Land Info
- Lot Description: Lot 20000-39999 Sqft
- Lot Size Acres: 576.5
- Lot Size Source: Assessor
- Lot Size Square Feet: 25112340
Garage and Parking
- Garage Spaces: 2
- Parking Features: Parking YN: Yes, Parking Features: Assigned
Multi-Unit Info
- Number of Units: 46
- Bedrooms in Unit-1: 1
- Bedrooms in Unit-2: 2
- Total Bathrooms in Unit-1: 1
- Total Bathrooms in Unit-2: 2
- Unit-1 Garage Spaces: 1
- Unit-2 Garage Spaces: 1
Homeowners Association
- Calculated Total Monthly Association Fees: 0
Rental Info
Amenities and Community Features
- Community Features: Urban
Other Property Info
- Source Listing Status: Active
- County: Los Angeles
- Cap Rate: 6.38
- Source Property Type: Residential Income
- Area: 669 - West Covina
- Source Neighborhood: 669 - West Covina
- Number of Separate Electric Meters: 47
- Number of Separate Gas Meters: 47
- Number of Separate Water Meters: 1
- Parcel Number: 8457029014
- Zoning: WCMF20-CN
- Source System Name: C2C
Commercial Info
- Net Operating Income: 694597.00
Building and Construction
- Total Square Feet Living: 28270
- Year Built: 1959
- Building Features: 1
- Common Walls: 2+ Common Walls
- Entry Level: 1
- Entry Location: Ground
- Property Age: 66
- Property Attached: Yes
- Levels or Stories: Two
- Building Total Stories: 2
- Structure Type: Apartment
- Year Built Source: Assessor
Utilities
- Sewer: Sewer: Public Sewer, Water Sewer Expense: 0.00
- Water Source: Public