826 N Barranca Avenue

Covina, CA 91723

PRICE REDUCED

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-$400,000 (-5.49%)

$6,880,000

List Price

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1961

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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.

Listing Information

List Price $6,880,000
Status Active
MLS TR24074689
Type Residential Income
Subtype Apartment
Year Built 1961
Lot Size 45,075
Structure Size N/A
DOM 161
Courtesy Of MacroReal Inv Grp Inc.
Listing Agent Grady Liu DRE#01290494
Co-Listing Agent Hao Ding DRE#02024511

Interior Features

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Exterior Information

Maps

Listing information courtesy of: Grady Liu, Hao Ding, MacroReal Inv Grp Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 5:56 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.