Active

731 N Azusa Avenue

West Covina CA, 91791

$6,950,000


$309.88 per sqft

Active

22,428 sqft

Multi-family

Built in 1960

Listed by THE MARK AND AL TEAM with CENTURY 21 MASTERS offers@markandal.com

This well-maintained two-story apartment building presents an excellent investment opportunity in a highly sought-after market. Comprising 28 units, including twenty-four 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 29 electric meters, 29 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. 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.

CV24179404

MLS ID

September 4, 2024

Listed

November 22, 2024

Updated

Map

731 N Azusa Avenue
West Covina CA, 91791

Interior Features

Total Stories

2


Laundry Description

Common Area, Laundry Room


Fireplace

No


Fireplace Description

None


Cooling

Yes


Cooling Description

Wall/Window Unit(s)


Heating

Yes


Heating Description

Wall Furnace

Exterior/Building Features

Lot Size

0.77 Acres


Lot Features

26-30 Units/Acre


Sewer

Unknown

Other Property Details

Area Name

669 - West Covina


Days on Market

78


Garage

Yes


Garage Spaces

28


Parking

Assigned, Garage, One Space, Community Structure


Parking Total

32


View

No


View Description

None


County

Los Angeles


Water Source

See Remarks


Pool

No


Pool Features

Community, In Ground


Zoning

WCR3-MF45*

Listing History

Date

Event

Price

10/2/2024

Price change

$6,950,000

-13%

Listing Contact: 800-463-0977 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 11/22/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 11/22/2024 at 9:07 PM UTC

 

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