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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.

PROPERTY FEATURES

Sewer: Unknown Water Source: See Remarks
Uncovered Spaces: 4.00 # of Garage Spaces: 28.00 # of Parking Spaces: 32.00
Lot Features: 26-30 Units/Acre
Parcel Identification Number: 8442008009
Cooling: Has Cooling Heating: Has Heating Heating Type: Wall Furnace Cooling Type: Wall/Window Unit(s)
Year Built Source: Assessor
Fireplace Features : None Common Walls: 2+ Common Walls Laundry Features: Community,Individual Room Laundry: Has Laundry
Zoning: WCR3-MF45* MLSAreaMajor: 669 - West Covina

PROPERTY DETAILS

Street Address: 731 N Azusa Avenue
City: West Covina
State: California
Postal Code: 91791
County: Los Angeles
MLS Number: CV24179404
Year Built: 1960
Courtesy of CENTURY 21 MASTERS

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