$6,880,000
826 N Barranca Avenue
Covina, CA, 91723
Property Description
***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.
Property Details
Price:
$6,880,000
MLS #:
TR24074689
Status:
Active
Baths:
0
Address:
826 N Barranca Avenue
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
614covina
City:
Covina
Listed Date:
Apr 15, 2024
State:
CA
ZIP:
91723
Lot Size:
45,075 sqft / 1.03 acres (approx)
Year Built:
1961
Schools
Interior
Exterior
Community Features
Urban
Garage Spaces
3.00
Lot Features
Lot Over 40000 Sqft
Parking Spots
3.00
Pool Features
Community, Fenced
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
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Courtesy of MacroReal Inv Grp Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Mohr Real Estate Group include the name of the listing broker. Neither the listing company nor Mohr Real Estate Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
826 N Barranca Avenue
Covina, CA
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