Request Offering Memorandum

5243-5245 N Barranca Avenue

Covina, CA. 91107

BARRANCA APARTMENTS 

FIRST TIME ON THE MARKET

Call us! 626.204.3300

ABOUT THE ASSET

The Barranca Apartments are located at 5243-5245 N Barranca Avenue in Covina. This 28,640 sq. ft. apartment building is comprised of all 2 Bed/1.5 Bath Townhouse units situated on 38,370 sq. ft of land. This gated community was built in 2003 by the current owner and has not been on the market before. There are a total of 52 parking parking spaces: 34 garage spaces, 12 carports and 6 Open Spaces with a concrete driveway/parking. Each unit is two stories, has a washer/dryer, gas fireplace, tile countertops and flooring, freestanding gas stove/oven, central air conditioning, balconies and small patios and is individually metered for gas, electric and hot water. The property also has sprinklers throughout and a tentative map for condos.
 
Tenants additionally benefit from the close proximity to employment hubs, shopping, entertainment options and the 10 and 210 freeways.
SUMMARY
PRICE
PRICE/UNIT
PRICE/SF
GRM
CAP
UNITS
YEAR BUILT
GROSS SF
LOT SF
APN
$9,000,000
$391,304
$314.25
18.11
3.09%
23
2003
28,640
38,370
8630-015-083

Property Built by Current Owner & First Time on the Market

© 2016 Bridge Investment Group of KW Commercial

251 S. Lake Avenue, Suite 320

Pasadena, CA 91101

DRE #01444805