$1,300,000
$1,300,000
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8 Beds
4 Baths
3,473 SqFt
SOLD DATE : 11/13/2024
Key Details
Sold Price $1,300,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,473 sqft
Price per Sqft $374
MLS Listing ID WS24201863
Sold Date 11/13/24
Bedrooms 8
Full Baths 4
HOA Y/N No
Year Built 1959
Lot Size 6,137 Sqft
Property Description
This is a well-maintained four-unit complex, offering 2 bedrooms and 1 bathroom per unit. Corner lot! Each unit has access to one designated carport parking spaces, ensuring convenience for tenants. The rental income is stable, with long-term tenants in place, making it an attractive investment opportunity. Current total income: $7611 per month/ $91332 annual. owner pays for water, trash, hot water gas, pest control and gardening service, total average $630 per month. Building in very good shape; Hip Roof! Not flat roof!! Rain gutter installed. Freshly exterior painted enhancing its curb appeal and overall aesthetic. Stair and balcony inspections have been fully inspected and passed. The property also features a small garden, adding a touch of greenery to the living environment. Easy to manage and easy to rent out. Property offers excellent location with strong amenities. It is conveniently close to popular destinations like IKEA and McDonald’s many stores near by also close to Covina Valley Unified School District.
Drive by only. Do not disturb tenants. Thank you
Location
State CA
County Los Angeles
Area 614 - Covina
Zoning CVR3-RD1250*
Rooms
Main Level Bedrooms 4
Interior
Cooling Wall/Window Unit(s)
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Parking Features Detached Carport
Carport Spaces 4
Pool None
Community Features Sidewalks
View Y/N No
View None
Total Parking Spaces 4
Private Pool No
Building
Lot Description Level, Near Public Transit
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Schools
School District Covina Valley Unified
Others
Senior Community No
Tax ID 8429030042
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Sherry Carr • Compass
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Agent | License ID: 01958131