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453 S. BARRANCA AVENUE
COVINA, CA 91723
ABOUT THE ASSET
Current Cap Rate
Market Cap Rate
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.
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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