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Commercial > Multi-family / Apartments
Active
2 weeks ago
List Price
$7,280,000$319/ft²

826 Barranca Ave
Covina, CA 91723

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  • 826 Barranca Ave, Covina, CA 91723 is a 9 bed, 8 bath, 22,820 ft² multi-family/apartments property built in 1961 on a 1.035 acre lot. This multi-family/apartments is currently listed for $7,280,000, and it was last sold in 2016 for $8,050,080.

    MLS Description

    The listing agent's description. Original Listing

    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 Agents

    The listing agent for 826 Barranca Ave is Grady Liu.

    Current Ownership

    Information about the current owner(s).

    Property History

    826 Barranca Ave has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).

    Property Events

    Environment

    Environmental factors around 826 Barranca Ave

    School Information

    Public/private schools serving 826 Barranca Ave

    Neighborhood

    This property is located in The Bahamas, Covina, CA 91723.

    Market Trends

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    Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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