826 N Barranca Avenue Covina, CA 91723

Multi-Family (2-4 Units) MLS #: TR24074689 Courtesy Of MacroReal Commercial

$7,280,000

9 beds | 7 baths | 1 half baths | 22,820 sq ft
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Estimated monthly payments: $31,823/mo.* (recalculate)

Property InformationDescription

We are pleased to present the rare opportunity to acquire a garden style 24-unit multi-family investment in Covina, California. Located at 826 North Barranca Avenue, the subject property is part of the portfolio of The Bahamas Apartment. This multi-family Asset is in a market with solid demographics and unique accessibility to major employment hubs, easy to access freeway I-10 and I-210, close to downtown Covina. The property is within minutes to essential city frequented locations Costco, Walmart Supercenter, Home Depot, Plaza West Covina, Ikea, Azusa Pacific University, Citrus College, Cal Poly Pomona, and Kaiser Permanente Baldwin Park Medical Center. The spacious unit mix consists of studio, one-bedroom, Two-bedroom and Four-bedroom units with large floor plan, patio, Central AC. This property portfolio offers value-add opportunity for investors to invest in a prime asset with well-maintained condition. Two Units are nonconforming units (1 Studio and 1 one becroom unit). Investor has opportunity to legalize those unit and potentially add ADU. Buyer to verify. Ideal for exchange with potential upside on rent. The property will be delivered free and clear.
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Features

  • Age: Over 50 Years Old
  • Architecture Style: Other
  • Roof Type: Unknown
  • Rooms: Bedroom, Full Bath, Half Bath, Three-Quarter Bath

MAP & DIRECTIONS

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826 N Barranca Avenue, Covina, CA 91723
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School Information

826 N Barranca Avenue, Covina, CA 91723

Elementary School
Grades KG-5 | Public School
BEN LOMOND ELEMENTARY SCHOOL
Covina, CA 91722
621 E Covina Blvd
626.­974.4101
Distance: 0.4 mi
School Rating
B
Student:Teacher Ratio
21:1
Total Students
429
Middle School
Grades 6-8 | Public School
SIERRA VISTA MIDDLE SCHOOL
Covina, CA 91723
777 E Puente St
626.­974.7300
Distance: 0.9 mi
School Rating
C+
Student:Teacher Ratio
23:1
Total Students
816
High School
Grades 9-12 | Public School
SOUTH HILLS HIGH SCHOOL
West Covina, CA 91791
645 S Barranca St
626.­974.6220
Distance: 2.3 mi
School Rating
B+
Student:Teacher Ratio
24:1
Total Students
1646
Other Nearby Schools Distance Type Grades School Rating
Cypress Elementary School 0.8 mi Public KG-5 B+
Covina-valley Learning Options Academy 0.9 mi Public KG-12
Sonrise Christian School 1.0 mi Private PK-8
Cedargrove Elementary School 1.0 mi Public KG-6 B-
Charter Oak High School 1.1 mi Public 9-12 B+
Royal Oak Middle School 1.2 mi Public 7-8 A-
Barranca Elementary School 1.3 mi Public KG-5 B
Sierra High School 1.3 mi Public 9-12 D-
Fairvalley High (continuation) 1.4 mi Public 9-12 D-
Covina High School 1.4 mi Public 9-12 B-
Washington Elementary School 1.5 mi Public KG-6 B
Center Middle School 1.6 mi Public 7-8 B-
Magnolia Elementary School 1.6 mi Public PK-6 C
Badillo Elementary School 1.6 mi Public KG-6 B-
Sacred Heart School 1.7 mi Private KG-8
Traweek Middle School 1.7 mi Public 6-8 B
Discovery Montessori Preschool Kindergarten 1.7 mi Private PK-TKG
Murray Elementary School 1.7 mi Public PK-6 C+
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

Demographic Data

Covina, CA 91723

Median Age: 36.9
Married: 47%
Number of Households: 6,229
Households with Children: 38.3%
  • Occupancy Types
    • 0 Vacant
    • 0 Owned
    • 0 Rented
  • Transportation to Work
    • 0 Drive
    • 0 Public Transportation
    • 0 Walk / Bike / Other
    • 0 Work at Home
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