Covina, CA 91723 826 N Barranca Avenue

826 N Barranca Avenue Covina, Ca - Image 1826 N Barranca Avenue Covina, Ca - Image 2826 N Barranca Avenue Covina, Ca - Image 3
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826 N Barranca Avenue Covina, Ca - Image 4826 N Barranca Avenue Covina, Ca - Image 5826 N Barranca Avenue Covina, Ca - Image 6826 N Barranca Avenue Covina, Ca - Image 7826 N Barranca Avenue Covina, Ca - Image 8
Presented By: Grady Liu with MacroReal Inv Grp Inc.; gradyl@macroreal.com
  • MLS# TR24074689
  • 04/15/2024
  • Request Tour
  • Request Info
  • BedBeds • 39
  • BathFull/Half Baths • 6 / 1
  • FootageSQFT • 22,820
  • GarageGarage • 3

Home Details

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.
Presented By: Grady Liu with MacroReal Inv Grp Inc.; gradyl@macroreal.com

Interior Features for 826 N Barranca Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Street SuffixAvenue
Total Stories2

Other Rooms

Entry Level1

General for 826 N Barranca Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.55
Carport Y/NNo
CityCovina
Community FeaturesUrban, Pool
CountyLos Angeles
Days on Market
DirectionsNorth of San Bernandino Blvd
Electric Expense0.0
Entry LocationGate
Fuel Expense0.0
Garage Spaces3.0
Garage Y/NYes
Gross Income598997.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashtoNewLoan, Item1031Exchange
Lot Size Square Feet45075.0
MLS Area614 - Covina
MobileHomeRemainsYNNo
Net Operating Income404316.0
New ConstructionNo
Operating Expense194681.0
Pool FeaturesCommunity, Fenced
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street NameBarranca
Tax Lot5
Total Units24
Trash Expense0.0
View Y/NNo
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1961
Year Built SourceAssessor
ZoningCVR3-RD2000*

Exterior for 826 N Barranca Avenue

Building Area Total22820.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesLotOver40000Sqft
Lot Size Acres1.0348
Lot Size Area45075.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings2
Number of Separate Electric Meters23
Number of Separate Gas Meters23
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking3.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $7,280,000
MLS#TR24074689
List Date 04/15/2024
Property Type Multi-Family
Phone 714.964.3311
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