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$13,000,000
Est. payment /mo
1.19 Acres Lot
UPDATED:
01/15/2025 12:54 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC24251036
Originating Board California Regional MLS
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
Location
State CA
County Los Angeles
Area 669 - West Covina
Interior
Laundry Laundry Area
Exterior
Pool Community Facility
Building
Sewer TBD
Others
Tax ID 8486028018
Special Listing Condition Not Applicable
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Listed by Troy Reese • Marcus & Millichap RE Invest
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Sharad Gupta
Broker | License ID: 02213637
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