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$7,280,000
9 bed
8 bath
0 Sqft
45,075 Sqft lot

826 N Barranca Avenue, Covina, California 91723

  • Residential Income Property Type
  • 19 Days Time on market
  • 1961 Year Built
Property 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.

Basic Details
Residential Income
Buy
TR24074689
$7,280,000
9
8
0 Sqft
1961
45,075 Sqft
Active
Apartment
Houses
Features
: Community, Fenced
: Pool, Urban
3
$0
: Public Sewer
Address
CA
Los Angeles
Covina
91723
826 N Barranca Avenue
826
Avenue
0
W118° 7' 9.3''
N34° 5' 41.6''
N
Additional Information
19
1
2
2
: Two
: Common Area
3
22,820 Sqft
1
0 Sqft
0 Sqft
1.03 Sqft
45,075 Sqft
1
: 2+ Common Walls
0 Sqft
CVR3-RD2000*
8429031016
$0
$0
$0
$0
$0
$0
0 Sqft
1
0 Sqft
$0
1
15/04/2024 14:40:07
$0
: Standard
Cash,CashtoNewLoan,1031 Exchange
North of San Bernandino Blvd
MacroReal Inv Grp Inc.
Grady Liu
PB7966
HLIUCHIE
$0
5.55
249
1
: Lotover40000sqft
1
1
: Square Feet
: Community Apartment
1
2
23
23
1
24
5
598997
US-06037-N-8429031016-R-N
Apartment
15/04/2024 21:49:20
Barranca
614 - Covina
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