• 2601 E Valley Boulevard West Covina, CA 91792

  • $32,000,000
  • 0
    Bed(s)
  • 0
    Baths
  • 73,826
    Sq Ft
  • 227714
    Sqft
  • Listed By: Vincent Medina, Lotus Property Services, Inc., DRE #01711465
  • Source: CRMLS

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.

Property Type :

Residential Income

County :

Los Angeles

Style :

Residential Income

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Property Details

 

Water/Sewer

Water Source : Public

Sewer : Public Sewer

Interior Features

Roof : Composition,Shingle

Exterior Property Features : Lighting,Rain Gutters

Fireplace: None

Cooling Features

Wall/Window Unit(s)

Air Conditioning

Heating Source

Wall Furnace

Has Heating

Fireplace

Fireplace Features: None

Has Fireplace: 0

Building Information

Year Built: 1978

Building Area Total: 73,826

Construction: Frame,Stucco

Roof: Composition,Shingle

Exterior Features

Lighting,Rain Gutters

Security Features

Closed Circuit Camera(s),Carbon Monoxide Detector(s),Resident Manager,Smoke Detector(s)

Pool Features

Community

Laundry Features

Common Area

Lot Details

Lot Dimensions Source: Vendor Enhanced

Lot Size Acres: 5.2276

Lot Size Source: Assessor

Lot Size Square Feet: 227714

Listing Price Information

Original List Price: 32,000,000

Listing Contract Date: 2023-10-16

Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 8725001019

Garage and Parking

Garage Description: Assigned,Covered,Carport,Paved,Storage

Homeowners Association

Rental Info

Lease Term: Negotiable

Tenant Pays: Electricity

Other Property Info

Source Listing Status: Active

Source Neighborhood: 669 - West Covina

Postal Code Plus 4: 3053

Directions: I-605 S and CA-60 E to S Nogales St. Take exit 20 from CA-60 E. Nogales turns onto Valley Blvd. Property on right hand side.

Zoning: WCMF15*

Source Property Type: Residential Income

Area: 669 - West Covina

Property SubType: Apartment

Building and Construction

Property Age: 46

Common Walls: 1 Common Wall

Property Condition: Turnkey

Structure Type: Apartment

Year Built Source: Assessor

Entry Level: 1

Entry Location: Ground

Property Attached: Yes

Levels or Stories: Two

Building Total Stories: 2

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
3040 S Betsy Street, West Covina, CA,91792 $711,000 4 2 1,312 5571 Sqft
Harvestmoon, West Covina, CA,91792 $299,000 -- -- -- 17914 Sqft
2635 E Marlena Street, West Covina, CA,91792 $898,000 4 2 1,579 9599 Sqft
3449 E Calle Baja Drive, West Covina, CA,91792 $1,399,000 6 4 2,582 9241 Sqft
2007 Edenview Lane, West Covina, CA,91792 $900,000 4 2 2,047 5548 Sqft
1708 Pass And Covina Road, West Covina, CA,91792 $1,029,999 3 2 1,899 18973 Sqft
3033 E Valley Boulevard.., West Covina, CA,91792 $248,000 2 2 1,536 --
1338 Oahu Street, West Covina, CA,91792 $778,888 3 3 1,300 2378 Sqft
2000 S Brentwood Drive, West Covina, CA,91792 $799,900 4 2 1,568 7123 Sqft
1914 Cumberland Dr, West Covina, CA,91792 $935,000 4 3 2,131 6404 Sqft

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ByOwner last updated this listing 05/17/2024 @ 15:08

MLS: AR23208685
LISTED BY: Vincent Medina, Lotus Property Services, Inc.
SOURCE: CRMLS
Buyer Agency Compensation: 1.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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