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.
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