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Listed by Grady Liu, DRE #01290494 • MacroReal Inv Grp Inc.
$ 7,280,000
Est. payment /mo
Active
826 N Barranca Covina, CA 91723
1.03 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRTR26111339
Year Built 1961
Lot Size 1.035 Acres
Source California Regional MLS
Property Description
The Bahamas Apartment is a 24-unit garden-style apartment community located at 826 N Barranca Avenue in Covina, California. Built in 1961, the property offers an attractive and diverse unit mix including studio, one-bedroom, two-bedroom, and four-bedroom floor plans with an average unit size of approximately 951 square feet. The property presents investors with a strong value-add opportunity in a desirable San Gabriel Valley rental market. The community features spacious layouts, central HVAC, on-site laundry facilities, a community swimming pool, covered carport parking, storage areas, and pitched composition roofs. Select units have been upgraded. Conveniently located with immediate access to the I-10, I-210, and I-605 freeways, the property provides connectivity throughout Los Angeles, Orange, Riverside, and San Bernardino Counties. The Bahamas Apartment is also minutes from Azusa Pacific University, Citrus College, Cal Poly Pomona, Plaza West Covina, and the Covina Metrolink Station. The offering is ideal for both private investors and 1031 exchange buyers seeking long-term upside through rental growth and operational improvements. The property is subject only to California AB-1482 and is not under local rent control, providing additional flexibility for future ownership.
Location
State CA
County Los Angeles
Area 614 - Covina
Interior
Laundry Laundry Area
Exterior
Parking Features Assigned Spaces
Pool Pool - Fenced, Community Facility
Building
Water District - Public
Others
Tax ID 8429031016
Special Listing Condition Not Applicable
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