Search
826 N Barranca Ave, Covina, CA 91723
Image 2 for 826 N Barranca Ave, Covina, CA 91723
Image 3 for 826 N Barranca Ave, Covina, CA 91723
View Photos

826 N Barranca Ave Covina, CA 91723

$7,280,000
  • 39 Beds
  • 34.5 Baths
  • 22,820 Sq.Ft.
For Sale
$7,280,000 Get Pre-Qualified
Map preview of 826 N Barranca Ave, Covina, CA 91723

Property Overview: 826 N Barranca Ave Covina, CA has 39 bedrooms, 34.5 bathrooms, 22,820 living square feet and 45,075 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: 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.

Listed by Grady Liu | BRE #01290494 | MacroReal Inv Grp Inc.
Co-listed by Hao Ding | BRE #02024511 | MacroReal Inv Grp Inc.
Last checked: 1 minute ago | Last updated: April 15th, 2024 | Source CRMLS | DOM: 16
Get a $21,840 Cash Reward New

Buy this home with Ardent Real Estate Group and get $21,840 back.

Call/Text (714) 706-1823

Home details

Lot Sq. Ft
45,075
HOA Dues
$0/mo
Year built
1961
Garage
3 Car
Property Type:
Apartment
Status
Active
MLS#
TR24074689
City
Covina
County
Los Angeles
Time on Site
21 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 24
  • Total # of Buildings: 2
  • # of Electric Meters: 23
  • # of Gas Meters: 23
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 2
  • # of Units: 9
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 4
  • # of Units: 12
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 3
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.55%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $600,240
  • Net Operating Income: $404,316
  • Gross Operating Income: $598,997
  • Vacancy Allowance: $18,007
  • Laundry Income: $6,050
  • Other Income 1: $10,714
  • Other Income Description: Tenant Fee and Reimbersement
Annual Expense Breakdown
  • Total Operating Expense: $194,681
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

Open Houses for 826 N Barranca Ave

No upcoming open houses

Schedule Tour

Property Details for 826 N Barranca Ave

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: Community, Fenced
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 3
Lot Information
  • Lot Features: Lot Over 40000 Sqft
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 24
  • Parcel Number: 8429031016
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: North of San Bernandino Blvd
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Covina Agent

Sale History for 826 N Barranca Ave

Last sold for $8,050,000 on December 23rd, 2016

  • April, 2024

  • Apr 15, 2024

    Date

    Active

    CRMLS: TR24074689

    $7,280,000

    Price

  • December, 2016

  • Dec 23, 2016

    Date

    Sold (Public Records)

    Public Records

    $8,050,000

    Price

  • March, 2016

  • Mar 31, 2016

    Date

    Sold (Public Records)

    Public Records

    $7,025,000

    Price

Show More

Tax History for 826 N Barranca Ave

Assessed Value (2020): $5,126,014
Year Land Value Improved Value Assessed Value
2020 $3,746,064 $1,379,950 $5,126,014

Home Value Compared to the Market

This property vs the competition

826 N Barranca Ave is listed 870.67% higher than the median list price for the city of Covina which has a median list price of $750,000. The median price per/sqft for Covina is $477 and this home is listed at $319.02 per/sqft which puts the price per square foot 33.12% lower than the median price per square foot for the city of Covina.

About 826 N Barranca Ave

Detailed summary of property

826 N Barranca Ave is a apartment located in Covina, CA 91723 and is currently for sale. This apartment offers 39 bedrooms, 34.5 bathrooms, roughly 22,820 living square feet, and sits on an approximately 45,075 square foot lot. 826 N Barranca Ave was first listed on ArdentRealEstateGroup.com on April 15, 2024. The homeowner is currently asking $7,280,000. The median priced home in Covina is $750,000 with a median price per square foot of $477. Based on Ardent Real Estate Group's Covina Market Data, this home is listed 870.67% higher than the median priced home. Local competing homes currently for sale include 264 S Union Ave, 264 S Union Ave and 1651 Redcliff St. While the average home in Covina, CA is selling in 52 days, 826 N Barranca Ave has a days on market of 16 days. There are currently 95 homes for sale in the Covina real estate market and 61 of them are single family homes while 23 of them are condos and 11 are townhomes. For more information on this home for sale at 826 N Barranca Ave Covina, CA 91723 contact Ardent Real Estate Group and we will put you in touch with one of our Covina agents.

Public Facts for 826 N Barranca Ave

Public county record property details
Beds
--
Baths
--
Year built
1961
Sq. Ft.
22,820
Lot Size
44,779
Stories
--
Type
Apartment House (5+ Units)
Pool
Yes
Spa
No
County
Los Angeles
Lot#
5
APN
8429-031-016

The source for these homes facts are from public records.

91723 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$694,685
Median List Price/Sq.Ft.
$450
Median Sold Price
$781,000
Median Sold Price/Sq.Ft.
$442
Total Inventory
23
Median Sale to List Price %
101.69%
Avg Days on Market
8
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (33.33%), Other (16.67%)

Tour This Home

Buy with Ardent Real Estate Group and save $21,840.

Image Description
Contact Jon
Covina Agent
Call, Text or Message
(714) 706-1823
Get a $21,840 Cash Reward New

Buy this home with Ardent Real Estate Group and get $21,840 back.

Call/Text (714) 706-1823

Homes for Sale Near 826 N Barranca Ave

Nearby Homes for Sale

716 W Phillips St, Ontario, CA 91762
$6,700,000
30 Beds
30 Baths
17071 Sq.Ft.
716 W Phillips St
Ontario, CA 91762
435 N Wilson Ave, Pasadena, CA 91106
$6,370,000
16 Beds
16 Baths
0 Sq.Ft.
435 N Wilson Ave
Pasadena, CA 91106
155 S Oak Knoll Ave, Pasadena, CA 91101
$8,250,000
137 Beds
10 Baths
1 Sq.Ft.
155 S Oak Knoll Ave
Pasadena, CA 91101
208 W Hoover Ave, Orange, CA 92867
$6,390,000
24 Beds
20 Baths
12054 Sq.Ft.
208 W Hoover Ave
Orange, CA 92867
1445 N Avenue 47, Los Angeles, CA 90042
$6,450,000
24 Beds
22 Baths
13424 Sq.Ft.
1445 N Avenue 47
Los Angeles, CA 90042
14151 Flower St, Garden Grove, CA 92843
$8,500,000
44 Beds
44 Baths
0 Sq.Ft.
14151 Flower St
Garden Grove, CA 92843
1615 Park Ave, Los Angeles, CA 90026
$7,000,000
13 Beds
13 Baths
13260 Sq.Ft.
1615 Park Ave
Los Angeles, CA 90026
654 E 24th St, Los Angeles, CA 90011
$5,995,000
120 Beds
60 Baths
8240 Sq.Ft.
654 E 24th St
Los Angeles, CA 90011

Recently Sold Homes Near 826 N Barranca Ave

512 E Hurst St, Covina, CA 91723
$1,690,000 Last Sold Price
10 Beds
7 Baths
4918 Sq.Ft.
512 E Hurst St
Covina, CA 91723
819 N Grandview Ave, Covina, CA 91723
$739,900 Last Sold Price
3 Beds
3 Baths
-- Sq.Ft.
819 N Grandview Ave
Covina, CA 91723
520 N Howard Ave, Covina, CA 91723
$765,000 Last Sold Price
4 Beds
3 Baths
1932 Sq.Ft.
520 N Howard Ave
Covina, CA 91723
349 N Vecino Dr, Covina, CA 91723
$2,000,000 Last Sold Price
14 Beds
14 Baths
8000 Sq.Ft.
349 N Vecino Dr
Covina, CA 91723

Related Resources to 826 N Barranca Ave

New Listings in 91723
Popular Zip Codes
Popular Cities
Other Covina Resources

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.

Call