***PRICE IMPROVED*** 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 and I-210, close to downtown Covina. The property is within minutes to essential city frequented locations—Costco, 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 opportunity for investors to invest in a prime asset with well-maintained condition. Two Units are nonconforming units (1 Studio and 1 one becroom unit). Investor has opportunity to legalize those unit and potentially add ADU. Buyer to verify. Ideal for exchange with potential upside on rent. The property will be delivered free and clear.
Property Details
Property Features
Property Information:
Year Built: 1961
Stories: 2
Listing Office:
Office Name: MacroReal Inv Grp Inc.
Office Email: gradyl@macroreal.com
Listing Agent: Grady Liu
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Garage Space: 3 spaces
Lot Features
Lot Information:
Lot Size: 1.03 Acres
Other
Directions Information:
Directions: North of San Bernandino Blvd
Price Information
Listing Price Info
Price Summary:
List Price: $6,880,000
Tax Information:
Annual Amount: $69,868
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Covina, CA.
This property is $6.1M more than the Median Sold Price in Covina, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #TR24074689
Listing Office:
Office Name: MacroReal Inv Grp Inc.
Office Email: gradyl@macroreal.com
Listing Agent: Grady Liu
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/17/2024, 8:20:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Dec 23, 2016
Dec 23, 2016Home Sold
$8,050,000
Mar 31, 2016
Mar 31, 2016Home Sold
$7,025,000
Sep 02, 1999
Sep 02, 1999Home Sold
$2,491,500
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$69,868
$5,179,115
2020
$68,331
$5,125,634
2019
$65,272
$5,025,132
2018
$63,992
$4,926,600
2017
$63,992
$4,830,000
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Ben Lomond Elementary School
621 E Covina Blvd
Distance between this listing and this school0.40 miles
Public District Grades KG-5
7
/10
Cypress Elementary School
351 W Cypress St
Distance between this listing and this school0.81 miles
Public District Grades KG-5
6
/10
Cedargrove Elementary School
1209 N Glendora Ave
Distance between this listing and this school1.06 miles
Public District Grades KG-6
Nearby Schools
5
/10
Sierra Vista Middle School
777 E Puente St
Distance between this listing and this school0.89 miles
Public District Grades 6-8
8
/10
Royal Oak Middle School
303 S Glendora Ave
Distance between this listing and this school1.21 miles
Public District Grades 7-8
5
/10
Center Middle School
5500 N Cerritos Ave
Distance between this listing and this school1.57 miles
Public District Grades 7-8
Nearby Schools
7
/10
Charter Oak High School
1430 E Covina Blvd
Distance between this listing and this school1.16 miles
Public Charter Grades 9-12
2
/10
Sierra High School
1040 E Gladstone St
Distance between this listing and this school1.33 miles
Public District Grades 9-12
6
/10
Covina High School
463 S Hollenbeck Ave
Distance between this listing and this school1.39 miles
The neighbors living near this home have an average income of $56,429. Residents of Covina, CA typically earn between $35k-100k each year. Residents typically live in married, with kids family. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 826 N Barranca Ave
What is the listing price of this property?
The listing price of 826 N Barranca Ave property is $6,880,000.
What type of property is this?
The property 826 N Barranca Ave is a condo located in Covina, California, 91723.
Is this property for sale now?
Active Listing: 826 N Barranca Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $69,868 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on December 23, 2016 for $8,050,000. (source: MLS/tax record).
Which year was this property built?
The year of construction for 826 N Barranca Ave is 1961.
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This home is located at 826 N Barranca Ave in Covina, CA and zip code 91723 in the The San Gabriel Valley neighborhood. This home, which was built in 1961, sits on a 1.03 acre lot. It has been listed on Rocket Homes since April 15, 2024 and is currently priced at $6,880,000.
Covina, CA housing market in October 2024 saw over 17 listings sold above listed price, more than 2 sold at listed price and over 5 sold below. The number of homes for sale in Covina, CA decreased by 9.6% between September 2024 and October 2024. While the average time on the market in October 2024 was 20 days, the median list price was $760,000.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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