2601 Valley Boulevard

West Covina, CA 91792

$32,000,000
Price
3
Beds
112
Baths
73,826 Sq. Ft.
$433 / Sq. Ft.
73,826
Sq. Ft.
$433
per Sq. Ft.

Description

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...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.
  1. Listed by Vincent Medina • DRE #01711465 • Brokerage DRE #01764292 • Lotus Property Services, Inc. • vincent@lotuspropertyservices.net

Property Details for 2601 Valley Boulevard

View
Courtyard, Neighborhood
Parking Spaces Total
0
Private Pool
No
Cooling Type
Wall/Window
Total Units
76.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
73826

Location

Listing Courtesy of Lotus Property Services, Inc., Vincent Medina, DRE #01711465
Add your commute
LISTING UPDATED: 01/01/2024 01:58 AM

Property Details for 2601 Valley Boulevard

StatusActive
MLS #AR23208685
Days on Market167
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1978
CountyLos Angeles County

Location

Listing Courtesy of Lotus Property Services, Inc., Vincent Medina, DRE #01711465
Add your commute

Building Information for 2601 Valley Boulevard

Building/Complex2601 Valley BlvdFloor-Stories2Residences-Pet Policy-Year Built1978Building Size-

Payment Calculator

$192,121 per month

30 year fixed, 7.25% Interest

Principal and Interest

$174,637

Property Taxes

$17,484

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2601 Valley Boulevard

Rental Info
Rental Info
  • Tenant Pays: Electricity
Income / Expense / Tax Details
Income Details
  • Gross Income: $1,938,564
  • Gross Scheduled Income: $1,938,564
  • Vacancy Allowance: 38291
  • Vacancy Allowance Rate: 2
  • Gross Operating Income: $1,900,273
  • Net Operating Income: $1,201,216
  • Laundry Income: $24,000
  • Gross Multiplier: 16.51
  • Cap Rate: 3.75
Expense Details
  • Operating Expense: $699,057
  • New Taxes Expense: $371,200
  • Gardener Expense: $18,000
  • Cable TV Expense: $1,500
  • Fuel Expense: $32,016
  • Licenses Expense: $250
  • Pest Control Expense: $4,200
  • Pool Expense: $5,400
  • Security Expense: $18,000
  • Electric Expense: $10,680
  • Insurance Expense: $61,000
  • Maintenance Expense: $76,011
  • Maintenance Percent: 4.00%
  • Professional Management Expense: $12,000
  • Workmans Compensation Expense: $1,800
  • Trash Expense: $33,000
  • Water Sewer Expense: $54,000
  • Total Expenses: $699,057
Tax / Assessment Info
  • Tax Tract Number: 12726
  • Tax Census Tract: 4081.41
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 2
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
  • Laundry Equipment Own Lease: Lease
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Wall
  • Heating: Wall Furnace
  • Virtual Tour URL Branded: www.2601cambridgeapts.com
Exterior Features
  • Security Features: Carbon Monoxide Detector(s), Closed Circuit Camera(s), Resident Manager, Smoke Detector(s)
  • Construction Materials: Frame, Stucco
  • Exterior Construction: Frame, Stucco
  • Exterior: Stucco
  • Exterior Features: Lighting, Rain Gutters
  • Roof: Composition, Shingle
  • Entry Location: Ground
  • Property Condition: Turnkey
  • View Description: Courtyard
  • Pool Features: Community
  • Pool: Community/Common
  • Spa Features: None
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Number Of Units: 76
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Assigned, Built-In Storage, Carport
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Assigned, Built-In Storage, Carport, Covered, Paved
Unit Information
Unit 1
  • Unit Type Units Total: 40
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $76,937
  • Unit Type Total Rent: $76,937
  • Unit Type Pro Forma: 84000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 36
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $82,610
  • Unit Type Total Rent: $82,610
  • Unit Type Pro Forma: 93600
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 74
  • Rent Controlled: No
  • Number Of Buildings: 5
  • Number Of Separate Electric Meters: 77
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Property History for 2601 Valley Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2601 Valley Boulevard

Taxable ValueLand$9,430,993Additions$6,309,099Total$15,740,092
Tax Record2023$209,802 ($17,484 / month)
Home Facts
Total Finished SqFt73,826 SqFtAbove Grade Finished SqFt73,826 SqFtLot Size227,650 SqFtStyleMulti-Family Res (5+ Units)Year Built1978ZoningWCMF15*CountyLOS ANGELESAPN8725-001-019

Schools near 2601 Valley Boulevard

This home is within Rowland Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - K to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Rorimer Elementary School
PublicK to 6

Telesis Academy Of Science & Math
PublicK to 8

Nogales High School
Public9 to 12

Santana High (Continuation) School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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2601 Valley Boulevard is a multi-family home for sale in West Covina, CA 91792. This property was listed for sale on October 16, 2023 by Lotus Property Services, Inc., it's currently listed at $32,000,000. It has been on the market for a total of 167 days and was last sold on January 9, 2008. This listing's school district is Rowland Unified School District. Nearby schools include Rorimer Elementary School, Telesis Academy Of Science & Math and Nogales High School. 2601 Valley Boulevard is a 3-bed, 112-bath, 73,826 sqft multi-family home built in 1978.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lotus Property Services, Inc., Vincent Medina, DRE #01711465

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.