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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$2,915,000

Est. payment - /mo

10,711 Sqft Lot

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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID WS26058434

HOA Y/N No

Year Built 1961

Lot Size 10,711 Sqft

Property Sub-Type Apartment

Property Description

Presenting a prime 11-unit multifamily asset located at 149 South Bandy Avenue in the heart of West Covina, California. This garden-style community, originally constructed in 1961, sits on a spacious 10,710-square-foot lot with approximately 8,026 rentable square feet. The property features a highly
desirable unit mix consisting of six one-bedroom/one-bathroom units, four two-bedroom/one-bathroom units, and a unique three-bedroom/two-bathroom cottage. To the benefit of ownership, all units are individually metered for gas and electricity.
The asset has been meticulously maintained with several units modernized with contemporary flooring, new kitchen cabinetry, and granite countertops. Residents enjoy essential amenities such as an on-site laundry facility, wall air-conditioning, and 11 dedicated parking spaces supplemented by ample street parking. Additionally, the property includes a private storage room specifically for the owner's use, providing a convenient space for maintenance supplies or equipment.
Situated within walking distance of Plaza West Covina and Edwards Theatre, the property is perfectly positioned to benefit from the area's premier retail and entertainment offerings. The location offers exceptional regional access, situated just 0.6 miles from the Interstate 10 Vincent Avenue exit and 3.4 miles from the Covina Metrolink Station. The property also serves a diverse tenant base due to its proximity to West Covina High School, Mt. San Antonio College, and Cal Poly Pomona. This investment offering represents a rare opportunity to acquire a stabilized asset in one of the San Gabriel Valley's strongest rental markets, providing a sophisticated investor with both immediate cash flow and significant long-term appreciation potential.

Location

State CA

County Los Angeles

Area 669 - West Covina

Zoning WCR3

Interior

Cooling Wall/Window Unit(s)

Fireplace No

Laundry Common Area

Exterior

Carport Spaces 2

Pool None

Community Features Park

Total Parking Spaces 11

Private Pool No

Building

Story 2

Entry Level One,Two

Sewer Public Sewer

Water Public

Level or Stories One, Two

New Construction No

Others

Senior Community No

Tax ID 8476010012

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Standard

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Listed by Jo Lin IRN REALTY 6262630132, DRE #02072996

NEARBY SCHOOL & BUSINESS

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149 S Bandy AVE West Covina, CA 91790