826 North Barranca Avenue

Covina, CA 91723

$6,880,000
Price
9
Beds
38
Baths
22,820 Sq. Ft.
$301 / Sq. Ft.
22,820
Sq. Ft.
$301
per Sq. Ft.

Description

Price improved We are pleased to present the rare opportunity to acquire a garden style 24-unit multi-family investment in Covina, California. Located at 826 North Barranca Avenue, the subject property is part of the portfolio of The Bahamas Apartment. This multi-family Asset is in a market with solid demographics and unique accessibility to major employment hubs, easy to access freeway I-10 and I-210, close to downtown Covina. The property is within minutes to essential city frequented locations—Costco,...Price improved We are pleased to present the rare opportunity to acquire a garden style 24-unit multi-family investment in Covina, California. Located at 826 North Barranca Avenue, the subject property is part of the portfolio of The Bahamas Apartment. This multi-family Asset is in a market with solid demographics and unique accessibility to major employment hubs, easy to access freeway I-10 and I-210, close to downtown Covina. The property is within minutes to essential city frequented locations—Costco, Walmart Supercenter, Home Depot, Plaza West Covina, Ikea, Azusa Pacific University, Citrus College, Cal Poly Pomona, and Kaiser Permanente Baldwin Park Medical Center. The spacious unit mix consists of studio, one-bedroom, Two-bedroom and Four-bedroom units with large floor plan, patio, Central AC. This property portfolio offers value-add opportunity for investors to invest in a prime asset with well-maintained condition. Two Units are nonconforming units (1 Studio and 1 one becroom unit). Investor has opportunity to legalize those unit and potentially add ADU. Buyer to verify. Ideal for exchange with potential upside on rent. The property will be delivered free and clear.
  1. Listed by Grady Liu • DRE #01290494 • Brokerage DRE #01290494 • MacroReal Inv Grp Inc. • gradyl@macroreal.com
  2. Listed by Hao Ding • DRE #02024511 • Brokerage DRE #01290494 • MacroReal Inv Grp Inc.

Property Details for 826 North Barranca Avenue

Parking Spaces Total
3
Private Pool
No
Total Units
24.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
22820
Assessor Parcel Number
8429-031-016
Property Attached YN
true
LISTING UPDATED: 09/23/2024 04:01 AM

Property Details for 826 North Barranca Avenue

StatusActive
MLS #TR24074689
Days on Market251
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1961
CountyLos Angeles County

Building Information for 826 North Barranca Avenue

Building/Complex826 N Barranca AveFloor-Stories2Residences-Pet Policy-Year Built1961Building Size-

Property Information for 826 North Barranca Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $617,911
  • Gross Scheduled Income: $601,140
  • Vacancy Allowance: 18034
  • Gross Operating Income: $599,876
  • Net Operating Income: $411,680
  • Other Income 1: $6,055
  • Other Income 2: $10,716
  • Gross Multiplier: 11.3
  • Cap Rate: 6.0
Expense Details
  • Operating Expense: $188,196
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Tract Number: 3410
  • Tax Census Tract: 4037.21
  • CFD/Mello-Roos Fee: $9,059
  • Tax Lot: 5
Community / Development
Community / Development
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
Exterior Features
  • Entry Location: Gate
  • Pool Features: Community, Fenced
  • Pool Description: Fenced
  • Pool: Community/Common
Land/Lot Info
  • Lot Features: Lot Over 40000 Sqft
  • Number Of Units: 24
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 3
  • Parking Garage Spaces: 3
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 1600
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 9
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2100
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 12
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2600
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 3200
  • Unit Type Type: 5
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 23
  • Number Of Separate Gas Meters: 23
  • Number Of Separate Water Meters: 1

Property History for 826 North Barranca 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 826 North Barranca Avenue

Taxable ValueLand$4,016,536Additions$1,479,556Total$5,496,092
Tax Record2024$72,814 ($6,068 / month)
Home Facts
Total Finished SqFt22,820 SqFtAbove Grade Finished SqFt22,820 SqFtLot Size45,061 SqFtStyleMulti-Family Res (5+ Units)Year Built1961ZoningCVR3-RD200CountyLOS ANGELESAPN8429-031-016

Schools near 826 North Barranca 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
Ben Lomond Elementary School
PublicK to 5

Sierra Vista Middle School
Public6 to 8

South Hills 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.

Similar Homes

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826 North Barranca Avenue is a multi-family home for sale in Covina, CA 91723. This property was listed for sale on April 15, 2024 by MacroReal Inv Grp Inc., it's currently listed at $6,880,000. It has been on the market for a total of 251 days and was last sold on April 1, 2016. This listing's school district is Covina-Valley Unified School District. Nearby schools include Ben Lomond Elementary School, Sierra Vista Middle School and South Hills High School. 826 North Barranca Avenue is a 9-bed, 38-bath, 22,820 sqft multi-family home built in 1961.

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 MacroReal Inv Grp Inc., Grady Liu, DRE #01290494; MacroReal Inv Grp Inc., Hao Ding, DRE #02024511

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.