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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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Bought with General NONMEMBER • NONMEMBER MRML
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