1741 E Nanette Ave - Apartments FOR SALE


West Covina, CA 91792
$1,450,000 USD
626-688-7763
1741 E Nanette Ave, West Covina, CA for Sale
$1,450,000 USD
Apartments - FOR SALE
1/11
null | 4.51% Cap Rate

1741 E Nanette Ave
West Covina, CA 91792


HIGHLIGHTS

  • Great 4-plex
  • Attached Garages
  • Has a club house and community pool

OVERVIEW

First Time in the Market after almost 50 years. Original Owners. We are please to present this well-maintained four-unit property in the desirable community of Woodbridge in West Covina, conveniently located within a short walking distance to supermarkets, restaurants, and public transportation. The amenities in this Woodbridge Community include a club house and community pool and comprises. These are the brief description of the 4 units on the subject property. Unit 1: Is very spacious 3-bedroom, 1.5-bathroom unit featuring a large living room with a fireplace, a dining room, and a kitchen with ample cabinetry. This unit also offers a private enclosed patio, laminated wood floors, a powder room downstairs, an upstairs bathroom with dual sinks, and an attached two-car garage. Unit 2: This is a 2-bedroom, 1.5-bathroom unit with a living room, dining room, and a good-sized kitchen. It also has a guest powder room downstairs, a full bath upstairs, a private patio, carpet floors throughout, an attached one-car garage, and a covered carport. Unit 3: Similar in layout as Unit 2, this 2-bedroom, 1.5-bathroom unit includes an attached one-car garage and an additional uncovered parking space. Laminated wood floors. Has an enclosed backyard. Unit 4: A 2-bedroom, 1-bathroom unit featuring a living room, dining room, and a good-sized kitchen. Laminated wood floors. It also has a shared full bath with an extra sink, a balcony, a one-car garage, and an uncovered parking space. Separate meters for electricity and gas for each unit. Individual laundry hookups are located in each individual garage. Unit 3 & 4 have a newer A/C unit. See attached Rent-Roll and GRM & Cap Rate Analysis for more details. Unit 4 has been renovated in 2024. This property is a gem in a sought-after community, popular with renters, and is ideal for investors seeking a stable asset with appreciating value to add to their portfolio. Actual Cap Rate = 4.5%, Proforma Cap Rate = 6.22%.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$358 USD /SF

# OF UNITS

4

PRICE/UNIT

$362,500

CAP RATE

4.51%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Woodbridge Apartment

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1977

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,269 SF

ZONING

WCPD1

APN/PARCEL ID

8735-008-013

ASK ABOUT THIS PROPERTY

August WenCentury 21 CommercialMore Info
626-688-7763

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August WenCentury 21 CommercialMore Info
626-688-7763

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.