$1,600,000
$1,499,900
6.7%For more information regarding the value of a property, please contact us for a free consultation.
9,003 Sqft Lot
SOLD DATE : 10/22/2024
Key Details
Sold Price $1,600,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV24191220
Sold Date 10/22/24
Condo Fees $225
HOA Fees $225/mo
HOA Y/N Yes
Year Built 1978
Lot Size 9,003 Sqft
Property Description
We are thrilled to present 2400 S Ridgewood Dr, a well maintained four-unit property in desirable West Covina. This outstanding asset is located in a sought-after community with access to a shared pool. The property comprises:
Unit 1: A spacious 3-bedroom, 1.5-bathroom unit featuring a large living room with a fireplace, a dining room, a kitchen with granite countertops, ample cabinetry, and stainless steel appliances including a stove, range hood, dishwasher, and fridge. This unit also offers a private patio, a powder room downstairs, an upstairs bathroom with dual sinks, and a two-car garage.
Unit 2: This 2-bedroom, 1.5-bathroom unit includes a living room, dining room, kitchen with granite countertops, and appliances including a fridge. It also has a guest powder room downstairs, a full bath upstairs, a private patio, a one-car garage, and a covered carport.
Unit 3: Similar in interior layout to Unit 2, this 2-bedroom, 1.5-bathroom unit includes a one-car garage and an additional uncovered parking space. Unit 4: This 2-bedroom, 1-bathroom unit features a living room, dining room, kitchen with granite countertops, and appliances including a fridge. It also has a shared full bath with an extra sink, a balcony, a one-car garage, and an uncovered parking space.
All units and the building's exterior have been freshly painted. New AC installed last December in all units. Additional features include dual-pane windows, tiled and laminate wood flooring, updated kitchens and bathrooms, separate meters for electricity and gas, and individual laundry hookups.
Units 1,2,4 are vacant and ready for move-in at market rate. Unit 3 is scheduled to move out by mid Oct. All units will be delivered vacant at closing. The Gross Scheduled Income is not guaranteed and based on Pro Forma ESTIMATED Rent. Buyer is to perform own research.
2400 S Ridgewood Dr represents a rare opportunity for investors to acquire a well-cared-for property in a market where available options are limited.
Buyer to cooperate with seller's 1031 exchange at no cost.
Square footage has not been measured; buyers are encouraged to verify.
Location
State CA
County Los Angeles
Area 669 - West Covina
Zoning WCPCD1*
Interior
Fireplace No
Laundry Washer Hookup, Gas Dryer Hookup
Exterior
Garage Spaces 5.0
Carport Spaces 1
Garage Description 5.0
Pool Association
Community Features Sidewalks
Total Parking Spaces 8
Private Pool No
Building
Lot Description Corner Lot, Gentle Sloping
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
HOA Name Woodbridge HOA
Senior Community No
Tax ID 8735010039
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Financing Conventional
Special Listing Condition Standard
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Bought with Dennis Lo • Gainspot Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "