$889,000
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2406 S Nancy ST West Covina, CA 91792
4,050 SqFt
Key Details
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,050 sqft
Price per Sqft $219
MLS Listing ID CV14112308
Year Built 1978
Tax Year 2013
Lot Size 0.256 Acres
Property Description
Bread and Butter fourplex in West Covina comprising of a good mix of one 3-bedroom and three 2-bedroom.
Yielding a cash on cash return of 7.5% and a cap rate of 5.27%.
Upside potential with current below market rents. The ongoing rate for a 3-bedroom is $1,700+ and for a 2-bedroom is $1,400.
The 3-bedroom and one of the 2-bedroom have just been remodeled. All units are on month-month rentals allowing a new owner to realize, within 2 months of purchase, this property full potential @5.8% cap rate and a GRM of 10! You can't find a better deal in the San Gabriel Valley.
Location
State CA
County Los Angeles
Area 669 - West Covina
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Suburban, Sidewalks
Utilities Available SewerAvailable
Building
Water Public
Others
Acceptable Financing Cash, CashtoNewLoan
Listing Terms Cash, CashtoNewLoan
Special Listing Condition Standard
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Bought with Steve Kang • Masters Realty Eastern Group