721 South Fernwood Street
$13,000,000
6
30
30,200
30,200
$430
Description
Fernwood Terrace Apartments is a 30-unit garden-style apartment community (29 legal units) in the middle of The San Gabriel Valley City of West Covina. Built in 1963, the property has been gradually undergoing a complete exterior and interior renovation for the past 3 years. Currently the last couple of units are being finished at this time. The interior renovations at Fernwood Terrace feature best-in-class finish levels: fully appointed kitchens with quartz countertops, new doors, white shaker style...Fernwood Terrace Apartments is a 30-unit garden-style apartment community (29 legal units) in the middle of The San Gabriel Valley City of West Covina. Built in 1963, the property has been gradually undergoing a complete exterior and interior renovation for the past 3 years. Currently the last couple of units are being finished at this time. The interior renovations at Fernwood Terrace feature best-in-class finish levels: fully appointed kitchens with quartz countertops, new doors, white shaker style cabinetry, wood plant-style vinyl flooring, stainless steel appliances, dishwashers, built-in microwaves, custom paint, all new blinds, and interior hardware (24 of 30 units have been completed). The units themselves are very spacious, most being between 1,000 to 1,300 sq. ft. Upper units have decks and lower units have large oversized yards. There are 43 parking spaces and the lot is 1.19 acres. Several of the units have new washer dryer units that have been installed during the renovation and there is a common laundry room as well. Exterior renovation includes all new paint, all new concrete hardscape, all new contemporary landscaping, all new asphalt, all new pool, pool deck, and pool furniture, new gating, and new exterior doors. It should be noted here that Fernwood Terrace has undergone a 3-year renovation period that is just now coming to an end, thus the financials will reflect this effort as it relates to both expenses and occupancy.
- Listed by Troy Reese • DRE #02029529 • Brokerage DRE #00530854 • Marcus & Millichap RE Invest • troy.reese@marcusmillichap.com
Property Details for 721 South Fernwood Street
Parking Spaces Total
0
Private PoolNo
Total Units30.0
Building TypeAttached
Lot Size SourceAssessor
Living Area30200
Assessor Parcel Number8486-028-018
Property Attached YNtrue
LISTING UPDATED: 12/17/2024 07:55 AM
Property Details for 721 South Fernwood Street
Status | Active |
---|---|
MLS # | OC24251036 |
Days on Market | 1 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Apartment |
Year Built | 1963 |
County | Los Angeles County |
Building Information for 721 South Fernwood Street
Building/Complex721 S Fernwood StFloor-Stories2Residences-Pet Policy-Year Built1963Building Size-
Property Information for 721 South Fernwood Street
Property History for 721 South Fernwood Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 721 South Fernwood Street
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 | ||
Hollencrest 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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