West Covina, CA 91790,157 S Bandy Avenue

$2,023,000

Est. payment /mo

$2,168,888

6.7%
Est.Price: ?

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

SOLD DATE : 09/08/2023

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

Read Less

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


Bridge MLS
Listed by Shant Sherbetdjian • Remax Commercial and Investment Realty
Bought with Tzu-ningChang
agent

Jodi Nishimura

Founder & Realtor® | License ID: 01762935

+1(510) 459-0471

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.