149 S Bandy Avenue,  West Covina CA, 91790 (Residential Income)

8,026 sqft
Status: Sold
MLS#: CV16200631
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Last Updated: 12/8/2016 9:47 AM
Description for 149 S Bandy Avenue West Covina, CA 91790
Built in 1961, the property consists of a garden-style building situated on a 10,710-square foot lot with approximately 8,026 rentable square feet. The subject property has a desirable mix of six, one-bedroom/one-bathroom units, four twobedroom/ one-bathroom units, and one, three-bedroom/two-bathroom cottage unit. All units are individually metered for gas and electricity. The property had recent upgrades in new security system, fence, and exterior painting. Some units have been renovated with new flooring, kitchen cabinets and granite countertops in recent years. Amenities include onsite laundry room, wall air-conditioner, a storage room for owner's use, and ample parking with 11 parking spaces on the property and plenty of street parking. In addition, the owner has install new security camera system for the complex within the past 12 months. Besides its convenient location next to Westfield Mall and Edward's Theatre, the apartment is less than a block away from a brand new mixed-use development (The Colony) with 450 units luxury apartment and 20,000 square feet retail/restaurants built by Lennar Multifamily Communities. The new project indicates Lennar's, one of the nation's largest builder's, confidence in the city of West Covina for its strong growth potential and demand in rental markets.
Price
Sold Price:
$2,075,000
Sold Date:12/05/2016
Los Angeles
8,026 (approx)
CV16200631
Closed
Description
Built in 1961, the property consists of a garden-style building situated on a 10,710-square foot lot with approximately 8,026 rentable square feet. The subject property has a desirable mix of six, one-bedroom/one-bathroom units, four twobedroom/ one-bathroom units, and one, three-bedroom/two-bathroom cottage unit. All units are individually metered for gas and electricity. The property had recent upgrades in new security system, fence, and exterior painting. Some units have been renovated with new flooring, kitchen cabinets and granite countertops in recent years. Amenities include onsite laundry room, wall air-conditioner, a storage room for owner's use, and ample parking with 11 parking spaces on the property and plenty of street parking. In addition, the owner has install new security camera system for the complex within the past 12 months. Besides its convenient location next to Westfield Mall and Edward's Theatre, the apartment is less than a block away from a brand new mixed-use development (The Colony) with 450 units luxury apartment and 20,000 square feet retail/restaurants built by Lennar Multifamily Communities. The new project indicates Lennar's, one of the nation's largest builder's, confidence in the city of West Covina for its strong growth potential and demand in rental markets.
Listing Information
Property Type: Cluster, 2 Story
0.24 Acres 1,071,000 sq.ft. 8,026 (approx)
$258.53 1961
2 Stucco
11 Total
Neighborhood
Room Information
Common
Interior Features
Gas
Wall Unit
Exterior / Lot Features
11 Parking Spaces, Assigned Parking Space
Stucco
Composition
None
No Pool
WCR3-MF20*
Sidewalks
Driving Directions
Cross Streets: South Pima Avenue
Financial Considerations
8476010012
$139,236 Income ,$46,485Expense
Listing Price History

West Covina Real Estate

West Covina is located in California. West Covina, California 91790 has a population of 106,290.

The median household income in West Covina, California 91790 is $68,677. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in West Covina 91790 is 35.3 years.

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