2601 E Valley Blvd, WEST COVINA, CA

$32,000,000

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3

Beds

3

Baths

73,826

Square feet

5.00

Acres

About 2601 E Valley Blvd

Nestled on a sprawling 5-acre expanse of vibrant greenery, Cambridge Garden Apartments welcomes you to an extraordinary residential community. Offering a total of 76 units, this property boasts 40 spacious 1-bedroom + 1-bathroom apartments, each spanning 850 sq. ft., and 36 generously sized 2-bedroom + 2-bathroom units, covering 1,050 sq. ft. This is an compelling investment opportunity with significant upside potential. Its robust construction, scenic grounds, and comprehensive amenities make it an investor's dream come true. Seize this opportunity to invest in an exceptional property that combines quality, convenience, and profitability. Key Features includes: 5 Acres of Natural Beauty: Embrace the serenity of lush, meticulously landscaped surroundings. Enhanced Security: The property is equipped with a comprehensive 24-hour video surveillance system for your peace of mind. Ample Carport Parking: Benefit from plentiful carport spaces, including hanging storage units and spacious walk-in storage. Solid 1978 Construction: Built to enduring 1978 construction standards, ensuring longevity and reliability. Resort-Style Amenities: Dive into relaxation with a generously sized swimming pool, complete with a pool house and a refreshing outdoor shower. Modern Laundry Convenience: A brand-new on-site coin-operated laundry room enhances convenience for residents. Thoughtful Layout: The property is thoughtfully designed with five separate dual-level buildings, each accommodating 12 units, eliminating the need for costly elevators. Picturesque Garden Setting: All these features are nestled within beautifully landscaped gardens, creating an inviting atmosphere. Prime Location: Situated in the northwest corner of West Covina, Cambridge Garden Apartments is adjacent to the City of Walnut and provides convenient access to the 60 & 57 freeways. Cambridge Garden Apartments is your gateway to a prosperous future.

Features of 2601 E Valley Blvd

MLS® # AR23208685MR
Price $32,000,000
Units 76
Bedrooms 3
Bathrooms 3.00
Square Footage 73,826
Acres 5.00
Year Built 1978
Type Residential Income
Sub-Type Apartment
Status Active

Community Information

Address 2601 E Valley Blvd
Area West Covina
City WEST COVINA
County Los Angeles
State CA
Zip Code 91792

Amenities

Garages Carport, Assigned, Built-In Storage
View Courtyard
Is Waterfront No
Has Pool Yes

Interior

Heating Wall
Fireplace No
Fireplaces None
# of Stories 2
Has Basement No

Exterior

Exterior Stucco, Frame
Roof Composition, Shingle
Construction Stucco, Frame

Additional Information

Date Listed October 16th, 2023
Days on Market 185
Zoning WCMF15*
Foreclosure No
RE / Bank Owned No
Cap Rate 3.75
Actual Annual Gross Rent $159,547
Gross Operating Income $1,900,273
Net Operating Income $1,201,216

Unit 1 Details

Beds 1
Baths 1.00
Rent $76,937

Unit 2 Details

Beds 2
Baths 2.00
Rent $82,610

Listing Details

AgentVincent Medina (01711465)
OfficeLotus Property Services, Inc.

Listing Map

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