West Covina, CA 91790,112 N Walnuthaven DR

$2,150,000

$2,400,000

10.4%
Est.Price: ?

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Est. payment /mo

8 Beds

10 Baths

6,216 SqFt


SOLD DATE : 08/26/2022

Key Details

Sold Price $2,150,000

Property Type Single Family Home

Listing Status Sold

Purchase Type For Sale

Square Footage 6,216 sqft

Price per Sqft $345

MLS Listing ID 22174759

Sold Date 08/26/22

Bedrooms 8

HOA Y/N No

Year Built 1959

Lot Size 10,389 Sqft

Property Description

We are pleased to present our exclusive listing of 10 Units located on North Walnuthaven Drive in a High Demand Rental Area of West Covina. The subject property features an Excellent Unit Mix of Studio, 1 and 2 Bedroom Units and is comprised of (TWO) 2 Bedroom + 1 Bathroom Units, (FOUR) 1 Bedroom + 1 Bathroom and (FOUR) Studio Units. Total rentable square footage of the building is approximately 6,216 sq. ft. (built in 1959) on a large sized lot measuring 10,389 sq. ft. zoned WCR3-MF20*. Tenants enjoy the convenience of on-site laundry room while Landlord enjoys the additional income from the machines. Property is situated on a Prime Corner Location and 2 Blocks from the Westfield Shopping Plaza of West Covina. In this limited market inventory and with a substantial improvement approach, a new investor may bring this value-add potential to its rental upside of +/-29%. This property is a great asset for an exchange purchase or an investor seeking growth & stability in a desirable rental community. Please Note: Buyer to Assume CHASE Loan (with an Approx. Balance of $988,000) at 3.25% Fixed until 11/01/2026. Contact listing agent for more details.

Location

State CA

County Los Angeles

Area 669 - West Covina

Zoning WCR3-MF20*

Interior

Fireplace No

Laundry Laundry Room

Exterior

Parking Features Covered

Total Parking Spaces 10

Building

Story 2

New Construction No

Others

Senior Community No

Tax ID 8457022017

Financing Assumed

Special Listing Condition Standard

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CRMLS – RECore
Listed by Shant Sherbetdjian Remax Commercial and Investment Realty
Bought with Rossopher Thiers Your Home Sold Guranteed Rlty.

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