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Multifamily

1408 & 1430 N Citrus Ave

1408 N Citrus Ave, Covina, CA 91722

Listing Price: Request For Offer

Number of Units
130
Occupancy
100.0%
Gross SF
58,144

Investment Overview

Marcus & Millichap is pleased to offer the sprawling South Point Apartments community, tucked in the heart of the San Gabriel Valley Submarket. Next door to Starbucks, on the corner of Citrus Ave and Arrow Hwy, the two building, 130-unit complex spans just over two acres. With all the benefits of the unincorporated 5% + cpi rental potential, and being minutes from DTLA, the Buyer will have the rare opportunity to own a substantial property that many investors travel out of state to acquire. As the Buyer revitalizes the property with interior and exterior update packages, their ability to capitalize on the neighborhoods strapping rental market will yield an increase in value and cashflow that will surely make this the prize possession in any investors showcase.

Investment Highlights

  • Two Separate but Contiguous Lots with Two Buildings - One 60-Units and One 70-Units
  • Over Two Acres of Continuous Land Next Door to Starbucks
  • Successful Integration of RUBS in Effect

Exclusively Listed By

Financing By

Multifamily

1408 & 1430 N Citrus Ave

Listing Price: Request For Offer

Number of Units
130
Occupancy
100.0%
Gross SF
58,144

Investment Highlights

  • Two Separate but Contiguous Lots with Two Buildings - One 60-Units and One 70-Units
  • Over Two Acres of Continuous Land Next Door to Starbucks
  • Successful Integration of RUBS in Effect

Investment Overview

Marcus & Millichap is pleased to offer the sprawling South Point Apartments community, tucked in the heart of the San Gabriel Valley Submarket. Next door to Starbucks, on the corner of Citrus Ave and Arrow Hwy, the two building, 130-unit complex spans just over two acres. With all the benefits of the unincorporated 5% + cpi rental potential, and being minutes from DTLA, the Buyer will have the rare opportunity to own a substantial property that many investors travel out of state to acquire. As the Buyer revitalizes the property with interior and exterior update packages, their ability to capitalize on the neighborhoods strapping rental market will yield an increase in value and cashflow that will surely make this the prize possession in any investors showcase.

Exclusively Listed By

Financing By

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