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Laura Dandoy

laura@lauradandoy.com +1(909) 228-4383

$ 13,000,000

Est. payment | -/mo

1.19 Acres Lot

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$ 13,000,000

Est. payment | -/mo

Save

1.19 Acres Lot

OPEN HOUSE

Wed Jan 15, 9:00am - 5:00pm

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC24251036

HOA Y/N No

Year Built 1963

Lot Size 1.194 Acres

Property Description

Fernwood Terrace Apartments is a 30-unit garden-style apartment community (29 legal units) in the middle of The San Gabriel Valley City of West Covina. Built in 1963, the property has been gradually undergoing a complete exterior and interior renovation for the past 3 years. Currently the last couple of units are being finished at this time. The interior renovations at Fernwood Terrace feature best-in-class finish levels: fully appointed kitchens with quartz countertops, new doors, white shaker style cabinetry, wood plant-style vinyl flooring, stainless steel appliances, dishwashers, built-in microwaves, custom paint, all new blinds, and interior hardware (24 of 30 units have been completed). The units themselves are very spacious, most being between 1,000 to 1,300 sq. ft. Upper units have decks and lower units have large oversized yards. There are 43 parking spaces and the lot is 1.19 acres. Several of the units have new washer dryer units that have been installed during the renovation and there is a common laundry room as well. Exterior renovation includes all new paint, all new concrete hardscape, all new contemporary landscaping, all new asphalt, all new pool, pool deck, and pool furniture, new gating, and new exterior doors. It should be noted here that Fernwood Terrace has undergone a 3-year renovation period that is just now coming to an end, thus the financials will reflect this effort as it relates to both expenses and occupancy.

Location

State CA

County Los Angeles

Area 669 - West Covina

Interior

Fireplace No

Laundry Common Area

Exterior

Pool Community

Community Features Park, Pool

Private Pool No

Building

Lot Description 26-30 Units/Acre

Story 2

Sewer Unknown

Water Other

New Construction No

Others

Senior Community No

Tax ID 8486028018

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Contract, Fannie Mae

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Contract, Fannie Mae

Special Listing Condition Standard

Listed by Troy Reese • Marcus & Millichap RE Invest • troy.reese@marcusmillichap.com

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Laura Dandoy

Broker Associate/Agent | License ID: 01019252/01857852

laura@lauradandoy.com

+1(909) 228-4383

101 N Indian Hill Blvd, Suite C1-208, Claremont, 91711, USA

721 S Fernwood ST West Covina, CA 91791

Laura Dandoy

OPEN HOUSE

Key Details

Location

Interior

Exterior

Building

Others

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721 S Fernwood ST