731 North Azusa Avenue

West Covina, CA 91791

$6,950,000
Price
17
Beds
29
Baths
22,428 Sq. Ft.
$310 / Sq. Ft.
22,428
Sq. Ft.
$310
per Sq. Ft.

Description

This well-maintained two-story apartment building presents an excellent investment opportunity in a highly sought-after market. Comprising 28 units, including twenty-four 2-bed, 1-bath units, three 1-bed, 1-bath units, and one studio. Key features include a separate community laundry room and a gated in-ground pool centrally located in the courtyard, providing a serene escape for residents. The property is secured with a gated entrance, ensuring peace of mind for tenants. Additionally, there are...This well-maintained two-story apartment building presents an excellent investment opportunity in a highly sought-after market. Comprising 28 units, including twenty-four 2-bed, 1-bath units, three 1-bed, 1-bath units, and one studio. Key features include a separate community laundry room and a gated in-ground pool centrally located in the courtyard, providing a serene escape for residents. The property is secured with a gated entrance, ensuring peace of mind for tenants. Additionally, there are 28 garages with storage, plus 4 extra parking spaces currently being rented, adding to the income potential. The building is efficiently managed with 29 electric meters, 29 gas meters, and 1 water meter. Positioned on a beautiful tree-lined street and the 10 Freeway, this property is an enticing option for investors looking to expand their portfolio in a desirable and thriving area. Buyers and/or their agent to complete their own due diligence in regard to all aspects of the property, including but not limited to income, expenses, and potential rents, etc.
  1. Listed by THE MARK AND AL TEAM • DRE #00914322 • Brokerage DRE #01849354 • CENTURY 21 MASTERS • offers@markandal.com

Property Details for 731 North Azusa Avenue

View
None
Parking Spaces Total
32
Private Pool
No
Cooling Type
Wall/Window Unit(s)
Total Units
28.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
22428
LISTING UPDATED: 01/09/2025 08:41 AM

Property Details for 731 North Azusa Avenue

StatusPending
MLS #CV24179404
Days on Market83
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1960
Lot Size0.77 AC / 33,563 SF
CountyLos Angeles County

Building Information for 731 North Azusa Avenue

Stories2Residences-Year Built1960Building Size-Lot Size0.77 AC / 33,563 SF

Property Information for 731 North Azusa Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $512,052
  • Gross Scheduled Income: $507,144
  • Gross Operating Income: $512,052
  • Net Operating Income: $341,688
  • Garage Income: $2,400
  • Laundry Income: $2,508
  • Gross Multiplier: 15.68
  • Cap Rate: 5.16
Expense Details
  • Operating Expense: $170,364
  • New Taxes Expense: $79,500
  • Gardener Expense: $4,800
  • Fuel Expense: $0
  • Electric Expense: $2,660
  • Insurance Expense: $11,736
  • Maintenance Expense: $5,496
  • Professional Management Expense: $21,060
  • Other Expense: $11,049
  • Other Expense Description: Gas
  • Trash Expense: $12,030
  • Water Sewer Expense: $12,031
  • Supplies Expense: $5,200
  • Total Expenses: $170,364
Tax / Assessment Info
  • Tax Block: 8
  • Tax Tract Number: 22768
  • Tax Census Tract: 4056.00
  • Tax Lot: 8
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community, Individual Room
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Wall
  • Heating: Wall Furnace
Exterior Features
  • Entry Location: Front
  • View Description: None
  • Pool Features: Community, In Ground
  • Pool Description: In Ground
  • Spa Features: None
Land/Lot Info
  • Lot Features: 26-30 Units/Acre
  • Number Of Units: 28
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: See Remarks
  • Sewer: Unknown
  • Water Source: See Remarks
Parking Info
  • Garage Spaces: 28
  • Parking: Yes
  • Parking Garage: Assigned, Garage, Parking Space
  • Uncovered Spaces: 4
  • Open Other Spaces Total: 4
  • Parking Garage Spaces: 28
  • Carport Spaces: 0
  • Parking Features: Assigned, Community Structure, Garage, Parking Space
Unit Information
Unit 1
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 4
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $4,233
  • Unit Type Total Rent: $4,233
  • Unit Type Pro Forma: 4233
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 3
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $4,150
  • Unit Type Total Rent: $4,150
  • Unit Type Pro Forma: 4150
  • Unit Type Type: 10
Unit 3
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 3
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,776
  • Unit Type Total Rent: $3,776
  • Unit Type Pro Forma: 4077
  • Unit Type Type: 2
Unit 4
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 4
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $5,666
  • Unit Type Total Rent: $5,666
  • Unit Type Pro Forma: 5666
  • Unit Type Type: 3
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,562
  • Unit Type Total Rent: $1,562
  • Unit Type Pro Forma: 1562
  • Unit Type Type: 4
Unit 6
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 4
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $7,236
  • Unit Type Total Rent: $7,236
  • Unit Type Pro Forma: 7236
  • Unit Type Type: 5
Unit 7
  • Unit Type Units Total: 5
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 5
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $9,639
  • Unit Type Total Rent: $9,639
  • Unit Type Pro Forma: 9639
  • Unit Type Type: 6
Unit 8
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,000
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 7
Unit 9
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 0
  • Unit Type Type: 8
Unit 10
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,000
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 9
Unit Information
  • Number Of Units Leased: 24
  • 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 731 North Azusa Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 731 North Azusa Avenue

This home is within Covina-Valley 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
Grovecenter Elementary School
PublicK to 5

Traweek Middle School
Public6 to 8

Covina High School
Public9 to 12

Fairvalley High (Continuation) 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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Listing Courtesy of CENTURY 21 MASTERS, THE MARK AND AL TEAM, DRE #00914322

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.