453 S Barranca Avenue, Covina CA 91723, MLS # CV17193417, Weichert.com

Description

Great opportunity to purchase and own a stable asset with further income potential. Built in 1971, the property consists of a 10 unit building with garden courtyard situated on a 21, 138-square foot lot with approximately 11, 446 rentable square feet. The building has been owned and maintained by one owner for over 45 years offering the buyer a valued added opportunity to improve the property and thereby increase the low rents in this high-demand area. The subject property has a desirable mix of four 3 bedroom/2 bath apartments, and six 2 bedroom units with one or more baths. All units are individually metered for gas and electricity. Amenities include an on-site laundry facility, wall air conditioning units, carport parking, and plenty of street parking.Besides its convenient location next to 10 and 210 freeways, the apartment complex is just a few blocks away from downtown Covina and the Eastland shopping complex. Other notable locations near the subject property include Sierra Vista Junior High, CovinaMetrolink Station, and Barranca Elementary.See supplement attached for more financial data....

Comments

Post a Comment

Popular posts from this blog

Los Arboles Apartments - 17 Photos - Apartments - 201 4th St, Del Mar, Del Mar, CA - Phone Number

8 201 4th St Del Mar , CA 92014 (858) 481-9585 Been here for 5 months now. These are definitely old apartments; the floorplans aren't modern or laid out super efficiently. But if you want to live within line-of-sight to the ocean, this place is as affordable as it gets. The manager is hands-down one of the nicest dudes I've met and has been extremely accommodating to us. Although the property is old, it's clean and decently kept up. The pool and hot tub are nice. We're on the 2nd floor in a corner unit and it's been very quiet for us. We haven't had any issues with bugs or vermin of any sort; in fact, we keep our porch door wide open all day long so our kitties can get some fresh air. This results in maybe 1 fly per day inside. There are surfer trails very nearby that lead down the cliffs for beach access. Bottom line, if you're looking for luxury, don't live here. It's too old to ever be luxurious. But if you're looking for line-of-sight to t...
Read more

Charlotte affordable housing forum raises possible solutions

There’s a big demand for more affordable housing in Charlotte, where rents and home prices have shot up much faster than wages over the past few years. Many of the apartments being built now target more affluent renters, waitlists for housing vouchers are long and starter homes are snapped up almost immediately. So why aren’t developers building more affordable housing ? That was one of the main questions at a candidate education panel hosted by the Greater Charlotte Apartment Association on Friday, where about two dozen candidates for Charlotte City Council turned out to learn some of the basics on a complicated subject. “ Affordable housing is one of the topics you’ll talk about a lot,” Bryan Holladay, who supervises the group’s government affairs outreach , told the candidates. The subject is an alphabet soup of acronyms (like NOAH, or “ Naturally Occurring Affordable Housing ”) and overlapping terms and definitions. Sometimes when people say “ affordable housing ” they mean go...
Read more

Woodside Village apartment project moving forward

The $ 79 million Woodside Village project , a redevelopment plan that will add hundreds of apartments and retail space to Westwood, is underway more than two years after receiving city approval for tax breaks. The project being built by Los Angeles-based Tanner & White is a big addition to Westwood, a small (pop. 1,500) inner-ring suburb in northeast Johnson County . Its City Council authorized up to $20 million in tax incentives to subsidize the project in late 2011. Developer Blair Tanner said it took a while to arrange the financing and coordinate the project with improvements made to the Woodside Health and Tennis Club, but work is beginning this week. The $26 million first phase calls for a four-story building with 91 luxury apartments on the upper floors and 20,000 square feet of retail space on the first level. It will be on the site of the former Youthfront building at 4715 Rainbow Blvd. Demolition of that structure is scheduled to begin in August. “We like the project ...
Read more