Property listed by Link Brokerages, Vanessa Bradford [email protected]
2323 E Garvey Avenue N
West Covina, CA 91791
$1,850,000
Excellent investment opportunity in the heart of West Covina. This well maintained five unit apartment building sits on a generous 12,079 square foot lot and offers a total of 5,310 square feet of living space. The property features an attractive unit mix of four 2 bedroom, 1 bathroom units and… Read More one spacious 3 bedroom, 2.5 bathroom unit, providing strong rental appeal for a variety of tenants.
Many of the units have been updated with recessed lighting and newer cabinetry, while the spacious three bedroom unit also features central air conditioning. The building has been upgraded with PEX plumbing and includes a 200 gallon water heater with a hot water recirculation system to improve efficiency and tenant comfort.
Parking is a valuable feature with three garages on the property. The larger unit includes a two car garage, while each of the remaining four units has a garage space plus an additional assigned outdoor parking space.
Conveniently located near shopping, restaurants, schools, parks, and major freeways, this property offers both accessibility and strong long term rental appeal. Whether you are looking to expand your investment portfolio or acquire a well maintained multifamily property in a desirable location, this is an opportunity you won’t want to miss. Read Less
Listing Snapshot
Days Online
12
Last Updated
Property Type
Apartment
Lot Size
0.28 Acres
Year Built
1981
MLS Number
SW26150159
Additional Details
Building
Built in 1981, 2 buildings, 2 stories, Entry level: 1, Entry location: Front
Community
Biking, Curbs, Hiking, Park, Sidewalks
Cooling
CentralAir, WallWindowUnits
Expenses
Operating: $12,000
Floors
Carpet, Tile, Vinyl
Garage
6 spaces
Heating
WallFurnace
Income
Gross Income: $123,000, Gross ScheduledIncome: $123,000, Net Operating Income: $111,000
CableAvailable, ElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected, Water Source: Public, 5 separate electric meters, 5 separate gas meters
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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