West Covina, CA 91792,2400 S Ridgewood DR
$1,600,000
$1,499,900
6.7%
Est.Price: ?

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9,003 Sqft Lot

2400 S Ridgewood DR West Covina, CA 91792

Est. payment /mo
SOLD DATE : 10/22/2024

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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

Condo Fees $225

HOA Fees $225/mo

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

Laundry Washer Hookup, Gas Dryer Hookup

Exterior

Garage Spaces 5.0

Garage Description 5.0

Pool Association

Community Features Sidewalks

Building

Lot Description Corner Lot, Gentle Sloping

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Lina Chu • Re/Max Vision • 626-252-0658
Bought with Dennis Lo • Gainspot Inc.

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Norma Mardelli

Agent | License ID: 01477249

+1(818) 400-3794

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