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Call us! 626.204.3300

453 S. BARRANCA AVENUE

COVINA, CA 91723

BARRANCA TOWNHOUSES

10 UNITS

ABOUT THE ASSET

$3,100,000

$310,000

$270.84

16.09

14.16

3.38%

4.13%

10

1963

11,446

21,138

8445-023-023

SUMMARY

Price: 

Price/Unit:

Price/SF

Current GRM

Market GRM

Current Cap Rate

Market Cap Rate

Units

Year Built

Building SF

Lot SF

APN

PROPERTY DESCRIPTION

453 S. Barranca represents an exceptional investment opportunity in a central Covina location. Built in 1963, this 10-unit, garden-style walkup features a favorable unit mix consisting of (two) 2-bed/1-bath units, (one) 2-bed/1.5-bath TH unit, (three) 2-bed/1.75-bath TH units, (three) 3-bed/1.75-bath TH units, and (one) 3-bed/2.5-bath TH units.

 

Unit amenities include gas stoves/ovens, forced air heat, and wall mounted A/C. Common areas feature gated parking, a laundry room with 2 washers/2 dryers, and a newer 100 gallon hot water heater. Tenants additionally benefit from the asset’s close proximity employment hubs, shopping and entertainment options, and the 10 and 210 freeways.

PROPERTY HIGHLIGHTS

  • HUGE UNITS (AVERAGE +/- 1,085 SQUARE FEET)

  • 80% TOWNHOUSE STYLE UNITS

  • DESIRABLE COVINA LOCATION, SHORT DISTANCE TO: SIERRA VISTA JR HIGH, BARRANCA ELEMENTARY, AND COVINA METROLINK

  • CLOSE PROXIMITY TO EMPLOYMENT HUBS, SHOPPING, AND ENTERTAINMENT

  • ADJACENT TO 10 AND 210 FREEWAYS

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MORE INFO

PROPERTY LOCATION

CONTACT US FOR ADDITIONAL INFO.

© 2016 Bridge Investment Group of KW Commercial

251 S. Lake Avenue, Suite 320

Pasadena, CA 91101

DRE #01444805