$2,670,000
$2,695,000
0.9%For more information regarding the value of a property, please contact us for a free consultation.
0.39 Acres Lot
SOLD DATE : 08/08/2023
Key Details
Sold Price $2,670,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID AR23103332
Sold Date 08/08/23
HOA Y/N No
Year Built 1988
Lot Size 0.387 Acres
Property Description
We are pleased to present an incredible opportunity to acquire this trophy property from the original owner. This condo quality apartment complex features eight units, including six spacious 1-bedroom/1-bathroom units (approx. 750 sq ft each) and two expansive 2-bedroom/1.5-bathroom townhomes with attached two-car garages (approx. 1,200 sq ft each). The vast 16,852 sq ft lot provides ample area for a potential for up to four additional ADUs through garage conversion with 7 open parking spaces to spare. With a newer (2016) roof, laundry hookups, patio/balcony/backyard spaces, central air, and a cement driveway, this low-maintenance gem is nestled in a residential neighborhood. Located minutes away from Eastland Shopping Plaza, Downtown Covina, Ikea, LA Fitness, Covina Metro Link station, and freeway access, this highly desirable location appeals to renters seeking convenience and an exceptional lifestyle. The last increase in rents was in Aug. 2022. Buyer to cooperate with seller on their 1031 exchange. Drive by only. PLEASE DO NOT ENTER PROPERTY.
Location
State CA
County Los Angeles
Area 614 - Covina
Zoning CVR3-RD2000*
Interior
Heating See Remarks
Cooling Central Air
Fireplace No
Laundry Electric Dryer Hookup, Gas Dryer Hookup
Exterior
Parking Features Assigned
Garage Spaces 10.0
Garage Description 10.0
Pool None
Community Features Urban
Utilities Available Electricity Available, Natural Gas Available
View Y/N Yes
View Mountain(s)
Roof Type Composition
Total Parking Spaces 17
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 1
Entry Level One,Two
Sewer Public Sewer
Water Public
Level or Stories One, Two
New Construction No
Others
Senior Community No
Tax ID 8445024047
Acceptable Financing Cash to New Loan, 1031 Exchange
Listing Terms Cash to New Loan, 1031 Exchange
Financing Cash to Loan
Special Listing Condition Standard
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Bought with WEN LUO • KINGSTON REALTY
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "