731 N Azusa Avenue, West Covina, CA 91791

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Property Description

This well-maintained two-story apartment building presents an excellent investment opportunity in a highly sought-after market. Comprising 28 units, including twenty-three 2-bed, 1-bath units, three 1-bed, 1-bath units, and one studio. Key features include a separate community laundry room and a gated in-ground pool centrally located in the courtyard, providing a serene escape for residents. The property is secured with a gated entrance, ensuring peace of mind for tenants. Additionally, there are 28 garages with storage, plus 4 extra parking spaces currently being rented, adding to the income potential. The building is efficiently managed with 19 electric meters, 19 gas meters, and 1 water meter. Positioned on a beautiful tree-lined street and the 10 Freeway, this property is an enticing option for investors looking to expand their portfolio in a desirable and thriving area. Potential cap rate could be 4.78%. Buyers and/or their agent to complete their own due diligence in regard to all aspects of the property, including but not limited to income, expenses, and potential rents, etc.


Interior Features

Laundry Information
Location(s) Common Area, Laundry Room
Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A
Interior Information
Cooling Type Wall/Window Unit(s)

Listing Information

Address 731 N Azusa Avenue
City West Covina
State CA
Zip 91791
County Los Angeles
Listing Agent THE MARK AND AL TEAM DRE #00914322
Courtesy Of CENTURY 21 MASTERS
List Price $6,950,000
Status Active
Type Residential Income
Subtype Mixed Use
Structure Size N/A
Lot Size 33,563
Year Built 1960

Listing information courtesy of: THE MARK AND AL TEAM, CENTURY 21 MASTERS. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 2nd, 2024 at 10:35 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.