West Covina CA Multi Family for Sale
$13,000,000
721 Fernwood Street West Covina, CA 91791
Open House:
Wednesday, 1/15 9:00-5:00PM
- Type:
- Apartment
- Sq.Ft.:
- 32,001
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 1.19 Acres
- Year built:
- 1963
- Baths:
- MLS#:
- OC24251036
ADDITIONAL INFORMATION
Fernwood Terrace Apartments is a 30-unit garden-style apartment community (29 legal units) in the middle of The San Gabriel Valley City of West Covina. Built in 1963, the property has been gradually undergoing a complete exterior and interior renovation for the past 3 years. Currently the last couple of units are being finished at this time. The interior renovations at Fernwood Terrace feature best-in-class finish levels: fully appointed kitchens with quartz countertops, new doors, white shaker style cabinetry, wood plant-style vinyl flooring, stainless steel appliances, dishwashers, built-in microwaves, custom paint, all new blinds, and interior hardware (24 of 30 units have been completed). The units themselves are very spacious, most being between 1,000 to 1,300 sq. ft. Upper units have decks and lower units have large oversized yards. There are 43 parking spaces and the lot is 1.19 acres. Several of the units have new washer dryer units that have been installed during the renovation and there is a common laundry room as well. Exterior renovation includes all new paint, all new concrete hardscape, all new contemporary landscaping, all new asphalt, all new pool, pool deck, and pool furniture, new gating, and new exterior doors. It should be noted here that Fernwood Terrace has undergone a 3-year renovation period that is just now coming to an end, thus the financials will reflect this effort as it relates to both expenses and occupancy.
$2,000,000
2355 E Garvey Avenue West Covina, CA 91791
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.27 Acres
- Year built:
- 1959
- Baths:
- MLS#:
- CRCV24177400
View additional info
Courtesy: AC REAL ESTATE SERVICES, INC.
ADDITIONAL INFORMATION
Easy to manage 8-unit apartment located in West Covina. Convenient access to Freeway 10 and shopping centers. There are 2 buildings with 4 units in each building: 2 bed/1 bath x 4 units AND 1 bed/1 bath x 4 units. 100% leased with upside rent income potential. Onsite laundry facility provides extra income. Assigned parking: 6 carport and 6 uncovered parking spaces. Most units were remodeled and upgraded with newer window AC units. Property sold in as-is condition.
West Covina Real Estate
The median home value in West Covina, CA is $758,000. This is lower than the county median home value of $796,100. The national median home value is $338,100. The average price of homes sold in West Covina, CA is $758,000. Approximately 60.19% of West Covina homes are owned, compared to 35.3% rented, while 4.51% are vacant. West Covina real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a West Covina real estate agent to arrange a tour today!
West Covina, California 91791 has a population of 109,396. West Covina 91791 is less family-centric than the surrounding county with 28.3% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in West Covina, California 91791 is $89,834. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in West Covina 91791 is 39.5 years.
West Covina Weather
The average high temperature in July is 86.8 degrees, with an average low temperature in January of 45.1 degrees. The average rainfall is approximately 17 inches per year, with 0 inches of snow per year.