West Covina, CA 91792,2425 S Ridgewood Drive
West Covina, CA 91792,2425 S Ridgewood Drive
West Covina, CA 91792,2425 S Ridgewood Drive
$1,560,000
Est. payment /mo
$1,550,000
0.6%
Est.Price: ?

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9 Beds
6 Baths
10,082 Sqft Lot
SOLD DATE : 04/30/2024

Key Details

Sold Price $1,560,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PW24060461

Sold Date 04/30/24

Bedrooms 9

HOA Y/N No

Lot Size 10,082 Sqft

Property Description

We are pleased to present 2425 S Ridgewood Dr, a four unit property located in West Covina, CA to market. This pride of ownership asset has been completely replumbed with copper throughout and lies in an exclusive community where tenants have access to a community pool. The property consists of one 3 bed/2 bath unit and three 2 bed/2 bath units. In addition each unit has its own washer/dryer hookup. There are four single car garages and one double car garage on the property and is separately metered for electric and gas. Rents are currently 40% below market rate allowing a new investor substantial upside in future income. Ridgewood Drive presents an opportunity for an investor to get into a well maintained building in a market where only a handful of buildings sell each year.
We are pleased to present 2425 S Ridgewood Dr, a four unit property located in West Covina, CA to market. This pride of ownership asset has been completely replumbed with copper throughout and lies in an exclusive community where tenants have access to a community pool. The property consists of one 3 bed/2 bath unit and three 2 bed/2 bath units. In addition each unit has its own washer/dryer hookup. There are four single car garages and one double car garage on the property and is separately metered for electric and gas. Rents are currently 40% below market rate allowing a new investor substantial upside in future income. Ridgewood Drive presents an opportunity for an investor to get into a well maintained building in a market where only a handful of buildings sell each year.

Location

State CA

County Los Angeles

Area West Covina (91792)

Zoning Assessor

Building

Story 2

Lot Size Range 7500-10889 SF

Level or Stories 2 Story

Others

Monthly Total Fees $247

Acceptable Financing Conventional

Space Rent $2,300

Listing Terms Conventional

Financing Cash

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San Diego Regional MLS (SDMLS)
Listed by Jackson Jorgensen • Younglewin Advisors, Inc.
Bought with General NONMEMBER • NONMEMBER MRML
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