ResidentialIncome — 1741 E Nanette, West Covina, CA

About this property

First Time in the Market after almost 50 years. Original Owners. We are pleased to present this well-maintained four-unit property in the desirable community of Woodbridge in West Covina, conveniently located within a short walking distance to stores, supermarkets, restaurants, and public transportation. The amenities in this Woodbridge Community include a club house and community pool. These are the brief descriptions of the 4 units on the subject property. Unit 1: Is very spacious 3-bedroom, 1.5-bathroom unit featuring a large living room with a fireplace, a dining room, and a kitchen with ample cabinetry. This unit also offers a private enclosed patio, laminated wood floors, a powder room downstairs, an upstairs bathroom with dual sinks, and an attached two-car garage. Unit 2: This is a 2-bedroom, 1.5-bathroom unit with a living room, dining room, and a good-sized kitchen. It also has a guest powder room downstairs, a full bath upstairs, a private patio, carpet floors throughout, an attached one-car garage, and a covered carport. Unit 3: Similar in layout as Unit 2, this 2-bedroom, 1.5-bathroom unit includes an attached one-car garage and an additional uncovered parking space. Laminated wood floors. Has an enclosed backyard. Unit 4: A 2-bedroom, 1-bathroom unit featuring a living room, dining room, and a good-sized kitchen. Laminated wood floors. It also has a shared full bath with an extra sink, a balcony, a one-car garage, and an uncovered parking space. Separate meters for electricity and gas for each unit. Individual laundry hookups are located in each individual garage. Unit 3 & 4 have a newer A/C unit. See attached Rent-Roll and GRM & Cap Rate Analysis for more details. Unit 4 has been renovated in 2024. This property is a gem in a sought-after community, popular with renters, and is ideal for investors seeking a stable asset with appreciating value to add to their portfolio. Actual Cap Rate = 4.5%, Proforma Cap Rate = 6.22%.

Property details

Location

1741 E Nanette • West Covina, CA 91792

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Listed by

August Wen · Century 21 Masters