West Covina, CA 91790,157 S Bandy Ave
West Covina, CA 91790,157 S Bandy Ave
West Covina, CA 91790,157 S Bandy Ave
28
$2,023,000
$2,168,888
6.7%
Est.Price: ?

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12 BD
8 BA
5,308 SqFt

157 S Bandy Ave West Covina, CA 91790

Est. payment /mo
SOLD DATE : 09/08/2023

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Key Details

Sold Price $2,023,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 5,308 sqft

Price per Sqft $381

MLS Listing ID 23-293691

Sold Date 09/08/23

Bedrooms 12

Year Built 1961

Lot Size 7,079 Sqft

Acres 0.1625

Property Description

We are pleased to present this great investment opportunity that is available for sale for the first time in 15 years! A 7 unit apartment in the high demand rental area of West Covina. This property consists of spacious 1, 2 and 3 bedroom units and is situated within a short distance to many shopping and dining at the Plaza West Covina. With many recent upgrades in select units, this cash-flowing investment brings in a 4.68% Cap Rate on current rents yet still has value add opportunity that any investor can take advantage of. All units are separately metered for gas and electricity with separate water heaters for each unit. The tenants enjoy the convenience of having an on-site laundry room with the property having secured entry and on-site parking. The property is only subject to statewide AB1482 rent ordinance which is currently at 8.8%. The quick access to the 10 freeway and nearby amenities, this location scores an 85 Walk Score giving it a Very Walkable Area. Call now for more details.

Location

State CA

County Los Angeles

Area West Covina

Zoning WCR3-MF20*

Rooms

Other Rooms None

Interior

Heating Fireplace

Cooling Wall Unit(s)

Equipment Dishwasher, Range/Oven

Laundry Room

Exterior

Parking Features Carport, Uncovered

Garage Spaces 7.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

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TheMLS (CLAW)
Listed by Remax Commercial and Investment Realty
Bought with Keller Williams Realty

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Herman Singh

Broker

+1(310) 625-6175

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