2601 E Valley Boulevard West Covina, CA $ 32,000,000
2601 E Valley Boulevard
$ 32,000,000
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2601 E Valley Boulevard

West Covina, CA, 91792
$ 32,000,000
Bedrooms112 Baths3.0 Sq 73,826

Monthly Estimate*

$ 223,530

Listed by Lotus Property Services, Inc.
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Multi-Family Home for sale in West Covina, CA

for $32,000,000 with 112 bedrooms and 3 full baths. This 73,826 square foot home was built in 1978 on a lot size of 5.2276.

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.

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Multi-Family Active

Price

$ 32,000,000

Bedrooms

112

Full Bath

3

Property Type

Multi-Family

Taxes

$ 0

Style

Apartment

Lot Size

5.2276

Year Built

1978

Town/City

West Covina

County/Region

Los Angeles

MLS | Web ID

AR23208685

Days on Market

165

Features
General
Sewer PublicSewer
Heating WallFurnace
Cooling WallWindowUnits
Utilities CableAvailable ElectricityConnected NaturalGasConnected SewerConnected WaterConnected
Possession CloseOfEscrow
Roof Composition Shingle
Exterior Features Lighting RainGutters
Zoning WCMF15*
Garage Spaces 0.0
Pool Features Community
Security Features ClosedCircuitCameras CarbonMonoxideDetectors ResidentManager SmokeDetectors
Construction Materials Frame Stucco
Year Built 1978
Tenant Pays Electricity
View Courtyard Neighborhood
Stories 2
Levels Two
Property SubType Apartment
Gross Income 1938564.0
Community Features StreetLights Sidewalks Pool
County Los Angeles
Net Operating Income 1201216.0
Operating Expense 699057.0
Insurance Expense 61000.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
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.
City West Covina
Entry Location Ground
View Y/N Y
Senior Community Y/N N
Total Units 76
MLS Area 669 - West Covina
Lot Size Square Feet 227714.0
Private Pool N
Waterfront Y/N N
Carport Y/N Y
Number of Units Leased 74
Street Name Valley
Listing Terms Cash Conventional
Spa Features None
Property Attached Y/N Y
Land Lease Y/N N
Electric Expense 10680.0
Home Warranty Y/N N
Fuel Expense 32016.0
Property Condition Turnkey
Trash Expense 33000.0
Water Sewer Expense 54000.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 48
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 2
Virtual Tour www.2601cambridgeapts.com
Total Actual Rent 159547.0
Property Sub Type Additional Apartment
Taxes 371200.0
Cap Rate 3.75
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Exterior
Parking Features Assigned Covered Carport Paved Storage
Lot Features Item25UnitsAcre
Water Source Public
Total Parking 0.0
Lot Size Area 227714.0
Number of Buildings 5
Spa N
Building Area Total 73826.0
Lot Size Acres 5.2276
Lot Size Units SquareFeet
Lot Size Source Assessor
Pool Charge 5400.0
Number of Separate Water Meters 1
Number of Separate Gas Meters 1
Number of Separate Electric Meters 77
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Fireplace Features None
Total Stories 2
Common Walls Item1CommonWall
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix Boulevard
Laundry Features CommonArea
Entry Level 1
Electric On Property Y/N N
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Internal Only
Street Number 1 2601
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* Excluded Features
List By
Lotus Property Services, Inc.

Broker

(626) 582-8001

Phone

Affordability Calculator

$223,530
Per Month
100%
0%
0%
Monthly Principal & Interest
$223,530
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/15/2023$32,000,000 Listed Price

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2601 E Valley Boulevard, West Covina, CA, 91792 is a Multi-Family Home for sale at $32,000,000 with 73,826 sqft and a lot size of 5.2276. 2601 E Valley Boulevard has 112 bedrooms, 3.0 baths, and was built in 1978. The property's zip code is 91792 which is in West Covina, CA