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2425 S Ridgewood Drive, West Covina, CA 91792

Property

2425 S Ridgewood Drive, West Covina, CA 91792 Sold April 2024 CRMLS
$1,560,000Sold April 2024

Listing Agent: Jackson Jorgensen (DRE #02022727) · Listing Office: Younglewin Advisors, Inc. · Contact: jackjorgs@gmail.com · Bought with: Edwin Mariscal · CRE Advisory Group · MLS #PW24060461 · Source: CRMLS

10,082 sqft
Lot Size
1978
Year Built
Property
Type
2
Stories
6
Garage

About this property

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.

Listing description from the April 2024 sale, as reported to CRMLS.

Sale history

$1,560,000
Sold April 2024 · listed $1,550,000, on market March 2024 · MLS #PW24060461 · Source: CRMLS
Listing Agent: Jackson Jorgensen · Listing Office: Younglewin Advisors, Inc. · Contact: jackjorgs@gmail.com · Bought with: Edwin Mariscal · CRE Advisory Group
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