2425 Ridgewood Drive, West Covina, CA 91792

$1,560,000
Sold Price
$1,560,000
List Price
$1,550,000
Closing Date
Apr 30, 2024
MLS#
PW24060461
Status
SOLD
Type
Multifamily

Property Description

We are pleased to present 2425 S Ridgewood Dr, a four unit property located in West Covina, CA to market. This pride of ownership asset has been completely replumbed with copper throughout and lies in an exclusive community where tenants have access to a community pool. The property consists of one 3 bed/2 bath unit and three 2 bed/2 bath units. In addition each unit has its own washer/dryer hookup. There are four single car garages and one double car garage on the property and is separately metered for electric and gas. Rents are currently 40% below market rate allowing a new investor substantial upside in future income. Ridgewood Drive presents an opportunity for an investor to get into a well maintained building in a market where only a handful of buildings sell each year.

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Courtesy of Younglewin Advisors, Inc., Jackson Jorgensen. Selling Office: NONMEMBER MRML.