West Covina, CA 91790,157 S Bandy AVE
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West Covina, CA 91790,157 S Bandy AVE
West Covina, CA 91790,157 S Bandy AVE
West Covina, CA 91790,157 S Bandy AVE
West Covina, CA 91790,157 S Bandy AVE

$2,023,000

Est. payment /mo

$2,168,888

6.7%
Est.Price: ?

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157 S Bandy AVE West Covina, CA 91790

12 Beds

8 Baths

5,308 SqFt

SOLD DATE : 09/08/2023

Key Details

Sold Price $2,023,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 5,308 sqft

Price per Sqft $381

MLS Listing ID 23293691

Sold Date 09/08/23

Bedrooms 12

HOA Y/N No

Year Built 1961

Lot Size 7,078 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 669 - West Covina

Zoning WCR3-MF20*

Rooms

Ensuite Laundry Laundry Room

Interior

Laundry Location Laundry Room

Heating Fireplace(s)

Fireplace No

Appliance Dishwasher

Laundry Laundry Room

Exterior

Garage Carport, Uncovered

Carport Spaces 2

Parking Type Carport, Uncovered

Total Parking Spaces 7

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 8476010005

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Shant Sherbetdjian • Remax Commercial and Investment Realty
Bought with Tzu-ning Chang • Keller Williams Realty

GUIDE SoCal

Broker | License ID: DRE#01976964

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