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Shawn Luong
626-643-7090
reoagent@shawnluong.com

CalBRE# 00857818
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Shawn Luong
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626-643-7090
reoagent@
shawnluong.com

CalBRE# 00857818
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2406 S Nancy,  West Covina CA, 91792 (Residential Income)

4,050 sqft
Status: Sold
MLS#: CV14112308
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Last Updated: 6/22/2017 8:34 PM
Description for 2406 S Nancy West Covina, CA 91792
Bread and Butter fourplex in West Covina comprising of a good mix of one 3-bedroom and three 2-bedroom. Yielding a cash on cash return of 7.5% and a cap rate of 5.27%. Upside potential with current below market rents. The ongoing rate for a 3-bedroom is $1,700+ and for a 2-bedroom is $1,400. The 3-bedroom and one of the 2-bedroom have just been remodeled. All units are on month-month rentals allowing a new owner to realize, within 2 months of purchase, this property full potential @5.8% cap rate and a GRM of 10! You can't find a better deal in the San Gabriel Valley.
Price
Sold Price:
$889,000
Sold Date:07/26/2014
Los Angeles
4,050 (approx)
CV14112308
Closed
Description
Bread and Butter fourplex in West Covina comprising of a good mix of one 3-bedroom and three 2-bedroom. Yielding a cash on cash return of 7.5% and a cap rate of 5.27%. Upside potential with current below market rents. The ongoing rate for a 3-bedroom is $1,700+ and for a 2-bedroom is $1,400. The 3-bedroom and one of the 2-bedroom have just been remodeled. All units are on month-month rentals allowing a new owner to realize, within 2 months of purchase, this property full potential @5.8% cap rate and a GRM of 10! You can't find a better deal in the San Gabriel Valley.
Listing Information
Property Type: Cluster, Other
0.26 Acres 4,050 (approx)
$219.51 1978
Yes- 4 spaces
Sewer at Street
4 Total
Neighborhood
Room Information
Exterior / Lot Features
4 Garage Spaces, 8 Parking Spaces
None
No Pool
Sidewalks, Suburban, City Road
Financial Considerations
8735010017
$62,400 Income ,$10,619Expense
Listing Price History

West Covina Real Estate

West Covina is located in California. West Covina, California 91792 has a population of 108,484.

The median household income in West Covina, California 91792 is $67,069. The median household income for the surrounding county is $55,870 compared to the national median of $53,482. The median age of people living in West Covina 91792 is 36.6 years.

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Courtesy: CENTURY 21 MASTERS SHAWN LUONG
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