Homes for sale - 826 N Barranca AVE, Covina, CA 91723

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Max Lindenberger

max.lindenberger@engelvoelkers.com

$ 6,880,000

Est. payment -/mo

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Active

826 N Barranca AVE Covina, CA 91723

1.03 Acres Lot

UPDATED:

09/30/2024 05:56 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID TR24074689

HOA Y/N No

Year Built 1961

Lot Size 1.035 Acres

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.

Location

State CA

County Los Angeles

Area 614 - Covina

Zoning CVR3-RD2000*

Interior

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 3.0

Garage Description 3.0

Pool Community, Fenced

Community Features Urban, Pool

Total Parking Spaces 3

Private Pool No

Building

Lot Description Lot Over 40000 Sqft

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 8429031016

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

Listed by Grady Liu • MacroReal Inv Grp Inc. • gradyl@macroreal.com

Max Lindenberger

Advisor | License ID: 02073155

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