$1,560,000
$1,550,000
0.6%For more information regarding the value of a property, please contact us for a free consultation.
10,084 Sqft Lot
SOLD DATE : 04/30/2024
Key Details
Sold Price $1,560,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW24060461
Sold Date 04/30/24
HOA Y/N Yes
Year Built 1978
Lot Size 10,084 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.
Location
State CA
County Los Angeles
Area 669 - West Covina
Zoning WCPCD1*
Rooms
Ensuite Laundry Washer Hookup, Electric Dryer Hookup
Interior
Laundry Location Washer Hookup,Electric Dryer Hookup
Fireplace No
Laundry Washer Hookup, Electric Dryer Hookup
Exterior
Garage Spaces 6.0
Garage Description 6.0
Pool Association
Community Features Foothills
Total Parking Spaces 6
Private Pool No
Building
Lot Description Gentle Sloping
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 8735010022
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash
Special Listing Condition Standard
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Bought with Edwin Mariscal • CRE Advisory Group
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Broker Associate | Lic# 01905244