$2,023,000
$2,168,888
6.7%For more information regarding the value of a property, please contact us for a free consultation.
157 S Bandy Avenue West Covina, CA 91790
5,308 SqFt
Key Details
Sold Price $2,023,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 5,308 sqft
Price per Sqft $381
MLS Listing ID CL23293691
Sold Date 09/08/23
HOA Y/N No
Year Built 1961
Lot Size 7,079 Sqft
Acres 0.16
Property Description
We are pleased to present this great investment opportunity that is available for sale for the first time in 15 years! A 7 unit apartment in the high demand rental area of West Covina. This property consists of spacious 1, 2 and 3 bedroom units and is situated within a short distance to many shopping and dining at the Plaza West Covina. With many recent upgrades in select units, this cash-flowing investment brings in a 4.68% Cap Rate on current rents yet still has value add opportunity that any investor can take advantage of. All units are separately metered for gas and electricity with separate water heaters for each unit. The tenants enjoy the convenience of having an on-site laundry room with the property having secured entry and on-site parking. The property is only subject to statewide AB1482 rent ordinance which is currently at 8.8%. The quick access to the 10 freeway and nearby amenities, this location scores an 85 Walk Score giving it a Very Walkable Area. Call now for more details.
Location
State CA
County Los Angeles
Area West Covina
Zoning WCR3
Interior
Heating Other
Fireplace No
Laundry Laundry Room
Building
New Construction No
Others
Tax ID 8476010005
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© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Bought with Tzu-ningChang