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731 N Azusa Ave #7, West Covina, CA 91791
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731 N Azusa Ave #7 West Covina, CA 91791

$7,950,000
  • 51 Beds
  • 29 Baths
  • 22,428 Sq.Ft.
For Sale
$7,950,000 Get Pre-Qualified
Map preview of 731 N Azusa Ave #7, West Covina, CA 91791

Property Overview: 731 N Azusa Ave #7 West Covina, CA has 51 bedrooms, 29 bathrooms, 22,428 living square feet and 33,563 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: This well-maintained two-story apartment building presents an excellent investment opportunity in a highly sought-after market. Comprising 28 units, including twenty-three 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 19 electric meters, 19 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. Potential cap rate could be 4.78%. 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.

Listed by THE MARK AND AL TEAM | BRE #00914322 | CENTURY 21 MASTERS
Last checked: 3 minutes ago | Last updated: September 16th, 2024 | Source CRMLS | DOM: 15

Home details

Lot Sq. Ft
33,563
HOA Dues
$0/mo
Year built
1960
Garage
28 Car
Property Type:
Mixed Use
Status
Active
MLS#
CV24179404
City
West Covina
County
Los Angeles
Time on Site
15 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 28
  • Total # of Buildings: 1
  • # of Leased Units: 24
  • # of Electric Meters: 19
  • # of Gas Meters: 19
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 5
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 5
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $9,639
  • Total Rent: $9,639
  • Pro Forma/Market Rent: $9,639
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 4
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $7,236
  • Total Rent: $7,236
  • Pro Forma/Market Rent: $7,236
Unit Breakdown 3
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 4
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $4,233
  • Total Rent: $4,233
  • Pro Forma/Market Rent: $4,233
Unit Breakdown 4
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 3
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,776
  • Total Rent: $3,776
  • Pro Forma/Market Rent: $4,077
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,562
  • Total Rent: $1,562
  • Pro Forma/Market Rent: $1,562
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
Unit Breakdown 7
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 4
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $5,666
  • Total Rent: $5,666
  • Pro Forma/Market Rent: $5,666
Unit Breakdown 8
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 10
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 3
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $4,150
  • Total Rent: $4,150
  • Pro Forma/Market Rent: $4,150
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.3%
  • Gross Rent Multiplier: 15.68
  • Gross Scheduled Income: $507,144
  • Net Operating Income: $341,688
  • Gross Operating Income: $512,052
  • Garage Rental Income: $2,400
  • Laundry Income: $2,508
Annual Expense Breakdown
  • Total Operating Expense: $170,364
  • Electric: $2,660
  • Gas/Fuel: $0
  • New Taxes: $79,500
  • Trash: $12,030
  • Gardener: $4,800
  • Insurance: $11,736
  • Maintenance: $5,496
  • Professional Management: $21,060
  • Water/Sewer: $12,031
  • Other Expenses: $11,049
  • Other Expense Description: Gas

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Property Details for 731 N Azusa Ave #7

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Community, Individual Room
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: Community, In Ground
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 28
  • # of Parking Spaces: 32
  • Has Parking
  • Parking Features: Assigned, Community Structure, Garage, Parking Space
Lot Information
  • Lot Features: 26-30 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: 2+ Common Walls
  • Total # of Units: 28
  • Parcel Number: 8442008009
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Unknown
  • Water Source: See Remarks
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: N/Azusa Ave and E/Puente Ave
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local West Covina Agent

Sale History for 731 N Azusa Ave #7

Last sold on March 3rd, 2000

  • September, 2024

  • Sep 4, 2024

    Date

    Active

    CRMLS: CV24179404

    $7,950,000

    Price

  • March, 2000

  • Mar 3, 2000

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 731 N Azusa Ave #7

Assessed Value (2020): $1,209,602
Year Land Value Improved Value Assessed Value
2020 $240,234 $969,368 $1,209,602

Home Value Compared to the Market

This property vs the competition

731 N Azusa Ave #7 is listed 835.42% higher than the median list price for the city of West Covina which has a median list price of $849,888. The median price per/sqft for West Covina is $512 and this home is listed at $354.47 per/sqft which puts the price per square foot 30.77% lower than the median price per square foot for the city of West Covina.

About 731 N Azusa Ave #7

Detailed summary of property

731 N Azusa Ave #7 is a mixed use located in West Covina, CA 91791 and is currently for sale. This mixed use property offers 51 bedrooms, 29 bathrooms, roughly 22,428 living square feet, and sits on an approximately 33,563 square foot lot. 731 N Azusa Ave #7 was first listed on ArdentRealEstateGroup.com on September 4, 2024. The homeowner is currently asking $7,950,000. The median priced home in West Covina is $849,888 with a median price per square foot of $512. Based on Ardent Real Estate Group's West Covina Market Data, this home is listed 835.42% higher than the median priced home. While the average home in West Covina, CA is selling in 58 days, 731 N Azusa Ave #7 has a days on market of 15 days. There are currently 117 homes for sale in the West Covina real estate market and 82 of them are single family homes while 25 of them are condos and 10 are townhomes. For more information on this home for sale at 731 N Azusa Ave #7 West Covina, CA 91791 contact Ardent Real Estate Group and we will put you in touch with one of our West Covina agents.

Public Facts for 731 N Azusa Ave #7

Public county record property details
Beds
--
Baths
--
Year built
1960
Sq. Ft.
22,428
Lot Size
33,562
Stories
--
Type
Apartment House (5+ Units)
Pool
Yes
Spa
No
County
Los Angeles
Lot#
8
APN
8442-008-009

The source for these homes facts are from public records.

91791 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$999,999
Median List Price/Sq.Ft.
$484
Median Sold Price
$800,000
Median Sold Price/Sq.Ft.
$450
Total Inventory
43
Median Sale to List Price %
114.45%
Avg Days on Market
35
Loan Type
Conventional (40%), FHA (0%), VA (0%), Cash (50%), Other (10%)

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West Covina Agent
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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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