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826 N Barranca Avenue
Covina CA 91723 US

$6,880,000

Active Listing ID TR24074689
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9 bed
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8.00 Bath (6 Full , 1 Half)
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Lot: 45,075.00 Square Feet
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Apartment

$6,880,000

Active Listing ID TR24074689
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826 N Barranca Avenue ***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.

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Property Features

  • Facts
  • Lot Size: 45,075.00 Square Feet
  • Property Type: Residential Multi Family
  • Property Sub-type: Apartment
  • Features
  • Full Bathrooms: 6
  • 3/4 Bathrooms: 1
  • 1/2 Bathrooms: 1
  • Exterior Finish: Community Features Included: Urban, Lot Over 40000 Sqft

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Apartment
  • listprice: 6880000
  • unparsedaddress: 826 N Barranca Avenue
  • postalcity: Covina
  • stateorprovince: CA
  • country: US
  • postalcode: 91723
  • bathroomsfull: 6
  • bathroomshalf: 1
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 1
  • lotsizeacres: 1.03477961432507
  • lotsizeunits: Square Feet
  • lotsizearea: 45075
  • livingarea: 22820
  • livingareaunits: Square Feet
  • listagentfullname: Grady Liu
  • listagentemail: gradyl@macroreal.com
  • listagentkey: 3yd-MRMLSCA-HLIUCHIE
  • listagentmlsid: HLIUCHIE
  • listagentpreferredphone: 6262368934
  • listagentofficephone: 6268985868
  • listofficekey: 3yd-MRMLSCA-PB7966
  • listagentstatelicense: 01290494
  • listofficemlsid: PB7966
  • disclaimer: 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.
  • sourcesystemid: MRMLSCA
  • yearbuilt: 1961
  • listingcontractdate: 2024-04-15
  • listagenturl: http://www.macroreal.com
  • countyorparish: Los Angeles
  • parcelnumber: 8429031016
  • numberofunitstotal: 24
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 3
  • waterfrontyn: False
  • exteriorfeatures: Community Features Included: Urban, Lot Over 40000 Sqft
  • architecturalstyle: Other
  • rooms: Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"MacroReal Commercial", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"gradyl@macroreal.com", "ListBrokerageCity":"Diamond Bar", "ListBrokerageCountry":"US", "ListBrokerageEmail":"gradyl@macroreal.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"MacroReal Commercial", "ListBrokeragePhone":"626-236-8934", "ListBrokeragePostalCode":"91765", "ListBrokerageStateOrProvince":"CA", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"324 S. Diamond Bar Blvd. #151", "ListBrokerageWebsiteUrl":"http://www.macroreal.com", "ListOfficeAddress1":"324 S. Diamond Bar Blvd #151", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":null, "ListOfficeCity":"Diamond Bar", "ListOfficeCountry":"US", "ListOfficeEmail":"gradyl@macroreal.com", "ListOfficePostalCode":"91765", "ListOfficeStateOrProvince":"CA", "ListPriceCurrencyType":"USD", "ListingTitle":"Apartment - Covina, CA", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/826-N-Barranca-Ave_Covina_CA_91723_M14888-31558?f=listhub&s=MRMLSCA&m=TR24074689&c=rexren", "MLSModificationTimestamp":"2024-04-15T14:40:07Z", "Neighborhoods":[], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 12/17/2024 9:15:14 AM GMT
Source Updated Date: 12/22/2024 6:50:18 AM GMT

Courtesy of: Grady Liu, MacroReal Inv Grp Inc., gradyl@macroreal.com

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.