We are pleased to present the rare opportunity to acquire a garden style 24-unit multi-family investment in Covina, California. Located at 826 North Barranca Avenue, the subject property is part of the portfolio of The Bahamas Apartment. This multi-family Asset is in a market with solid demographics and unique accessibility to major employment hubs, easy to access freeway I-10 andI-210,close to downtown Covina. The property is within minutes to essential city frequented locationsCostco, Walmart Supercenter, Home Depot, Plaza West Covina, Ikea, Azusa Pacific University, Citrus College, Cal Poly Pomona, and Kaiser Permanente Baldwin Park Medical Center. The spacious unit mix consists of studio, one-bedroom, Two-bedroom and Four-bedroom units with large floor plan, patio, Central AC. This property portfolio offers value-add…
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The average household income in
Covina, CA
grew
from
$65,451
to
$68,311
in the past year. This data is an estimate based upon
15,193
households in
Covina, CA. The chart below presents how household income is distributed in
Covina, CA
in comparison to the revenue allocation amid households nationally.
Property Taxes
Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows
distribution of property taxes in
Covina, CA
compared to median property taxes around the country. The prevalent amount of property taxes in
Covina, CA
equals
$3k+
, which is
more
than the national average.