826 N Barranca Avenue, Covina, CA 91723

  • $7,280,000
  • $319
826 N Barranca Avenue, Covina, CA 91723
  • Residential Income
  • Property Type
  • 3.00
  • Garages
  • 1961
  • Year Built
For Sale
826 N Barranca Avenue, Covina, CA 91723
  • $7,280,000
  • $319

Overview

Property ID: SGR-29634207
  • Residential Income
  • Property Type
  • 3.00
  • Garages
  • 1961
  • Year Built

Description

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.

  • Address 826 N Barranca Avenue
  • City Covina
  • State/county CA
  • Zip/Postal Code 91723
  • Area 614 - Covina
  • Country United States

Details

Updated on April 17, 2024 at 6:55 pm
  • Property ID: SGR-29634207
  • Price: $7,280,000
  • Land Area: 45075.00 m²
  • Garages: 3.00
  • Year Built: 1961
  • Property Type: Residential Income
  • Property Status: For Sale
  • Living Area: 22820.00
  • MLS#: TR24074689
  • Office Name: MACROREAL INV GRP INC.
  • Agent Name: Grady Liu
  • MLS Status: Active
  • Living Area Prefix: Sqft
  • Co-Office Name: MacroReal Inv Grp Inc.
  • Co-Agent Name: Hao Ding
  • Agent State License: 01290494
  • Co-Agent State License: 02024511
  • IDX Contact Info: gradyl@macroreal.com

Additional details

  • Sewer: Public Sewer
  • County: Los Angeles
  • Property SubType: Apartment
  • Parking: 3.00
  • Water Source: Public

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