233 South Bandy Avenue

West Covina, CA 91790

$4,388,000
Price
1
Beds
18
Baths
8,556 Sq. Ft.
$513 / Sq. Ft.
8,556
Sq. Ft.
$513
per Sq. Ft.

Description

Welcome to Algiers Apartments, an 18-unit multifamily property located at 233 S Bandy Ave, West Covina, CA 91723. This property presents an excellent investment opportunity with a desirable unit mix of ten 1-bedroom/1-bathroom units, and eight studio units located on a 12,559 SF lot. Built in 1957, the two-story building features an onsite pool, 14 parking spots, and laundry facilities, adding to the appeal for tenants. Situated in a prime central location, the property offers easy access to the...Welcome to Algiers Apartments, an 18-unit multifamily property located at 233 S Bandy Ave, West Covina, CA 91723. This property presents an excellent investment opportunity with a desirable unit mix of ten 1-bedroom/1-bathroom units, and eight studio units located on a 12,559 SF lot. Built in 1957, the two-story building features an onsite pool, 14 parking spots, and laundry facilities, adding to the appeal for tenants. Situated in a prime central location, the property offers easy access to the 10 Freeway and is less than a mile from West Covina High School and Plaza West Covina, home to popular destinations such as Porto’s Bakery, Macy’s, Nordstrom Rack, and Best Buy.
  1. Listed by Jagmeet Singh • DRE #01886951 • Brokerage DRE #01411306 • Keller Williams Sierra Madre • 626-272-5941

Property Details for 233 South Bandy Avenue

Parking Spaces Total
0
Private Pool
No
Total Units
18.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
8556
Assessor Parcel Number
8476-011-019
Property Attached YN
true
LISTING UPDATED: 01/13/2025 12:48 PM

Property Details for 233 South Bandy Avenue

StatusActive
MLS #AR25008475
Days on Market1
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1957
CountyLos Angeles County

Building Information for 233 South Bandy Avenue

Building/Complex233 S Bandy AveFloor-Stories2Residences-Pet Policy-Year Built1957Building Size-

Property Information for 233 South Bandy Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $37,320
  • Gross Scheduled Income: $373,320
  • Net Operating Income: $245,728
Expense Details
  • Operating Expense: $116,393
  • Fuel Expense: $0
  • Electric Expense: $6,880
  • Insurance Expense: $14,400
  • Professional Management Expense: $0
  • Trash Expense: $7,480
  • Water Sewer Expense: $8,560
  • Total Expenses: $116,393
Tax / Assessment Info
  • Tax Tract Number: 20394
  • Tax Census Tract: 4065.00
  • CFD/Mello-Roos Fee: $5,599
  • Tax Lot: 170
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
Exterior Features
  • Entry Location: 1
  • Pool Features: Community
  • Pool: Community/Common
Land/Lot Info
  • Lot Features: Level with Street
  • Number Of Units: 18
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 8
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,635
  • Unit Type Total Rent: $13,080
  • Unit Type Pro Forma: 15200
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 10
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,803
  • Unit Type Total Rent: $18,030
  • Unit Type Pro Forma: 21000
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 19
  • Number Of Separate Gas Meters: 19
  • Number Of Separate Water Meters: 1

Property History for 233 South Bandy Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 233 South Bandy Avenue

Taxable ValueLand$1,003,965Additions$2,007,538Total$3,011,503
Tax Record2024$40,130 ($3,344 / month)
Home Facts
Total Finished SqFt8,556 SqFtAbove Grade Finished SqFt8,556 SqFtLot Size12,559 SqFtStyleMulti-Family Res (5+ Units)Year Built1957ZoningWCR3-MF20*CountyLOS ANGELESAPN8476-011-019

Schools near 233 South Bandy Avenue

This home is within West Covina Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Cameron Elementary School
PublicK to 5

Edgewood Middle School
Public6 to 8

Edgewood High School
Public9 to 12

West Covina High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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233 South Bandy Avenue is a multi-family home for sale in West Covina, CA 91790. This property was listed for sale on January 13, 2025 by Keller Williams Sierra Madre, it's currently listed at $4,388,000. It has been on the market for a total of 1 days and was last sold on August 8, 2017. This listing's school district is West Covina Unified School District. Nearby schools include Cameron Elementary School, Edgewood Middle School and Edgewood High School. 233 South Bandy Avenue is a 1-bed, 18-bath, 8,556 sqft multi-family home built in 1957.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Sierra Madre, Jagmeet Singh, DRE #01886951

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.