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2406 S Nancy ST West Covina, CA 91792
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Key Details
Sold Price $889,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV14112308
Sold Date 07/26/14
HOA Y/N No
Year Built 1978
Tax Year 2013
Lot Size 0.256 Acres
Property Description
Bread and Butter fourplex in West Covina comprising of a good mix of one 3-bedroom and three 2-bedroom.
Yielding a cash on cash return of 7.5% and a cap rate of 5.27%.
Upside potential with current below market rents. The ongoing rate for a 3-bedroom is $1,700+ and for a 2-bedroom is $1,400.
The 3-bedroom and one of the 2-bedroom have just been remodeled. All units are on month-month rentals allowing a new owner to realize, within 2 months of purchase, this property full potential @5.8% cap rate and a GRM of 10! You can't find a better deal in the San Gabriel Valley.
Location
State CA
County Los Angeles
Area 669 - West Covina
Interior
Fireplace No
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Suburban, Sidewalks
Utilities Available Sewer Available
Total Parking Spaces 8
Private Pool No
Building
Water Public
Others
Tax ID 8735010017
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Conventional
Special Listing Condition Standard
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Bought with Steve Kang • Masters Realty Eastern Group
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