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Listed by Douglas McCauley • MARCUS & MILLICHAP
$ 10,500,000
Est. payment /mo
New
4810 North Vincent Avenue Covina, CA 91722
26,969 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 26,969 sqft
Price per Sqft $389
MLS Listing ID CV-25125484
Year Built 1984
Lot Size 1.372 Acres
Property Sub-Type Apartment
Property Description
Vincent Village Apartments, located at 4810 North Vincent Avenue in unincorporated Los Angeles County, California. The property offers a compelling financial advantage with an assumable loan of approximately $4,700,000 with Chase Bank, payable at a 3.49% fixed interest rate through May 2027. Constructed in 1984, this 38+2 unit multifamily investment is situated on a spacious 1.37-acre parcel with an approximate building size of 26,969 square feet. The property comprises thirty-eight two-bedroom/onebathroom units and two non-conforming studio/one-bathroom units. Select units feature laminate/tile flooring, granite or quartz countertops, dishwashers, and private patios or balconies. All apartments are equipped with wall A/C and heating units, gas ranges, and are individually metered for gas and electricity. Additional amenities include two central water heaters, copper plumbing, a gated entry, swimming pool, on-site laundry facility (leased), a manager's office with bathroom, and a greenbelt area with the potential to build eight ADUs. Parking accommodations consist of 41 carport spaces and 32 open parking spaces, along a concrete driveway. Unincorporated Los Angeles County is subject to its own rent control ordinance (buyer to verify). Vincent Village Apartments is ideally positioned in the San Gabriel Valley, offering seamless connectivity to Interstate 10, 210, 57, and 605 freeways, and within proximity to Downtown Los Angeles. The area is supported by convenient public transportation via the Covina and Baldwin Park Metrolink Stations, giving residents multiple commuting options for work, entertainment, and shopping. Adding to its appeal, the property is located near several reputable educational institutions, including Cedargrove Elementary School, Grovecenter Elementary, and Barranca Elementary School, all within a two-mile radius--enhancing its attractiveness to long-term family tenants. For higher education, nearby colleges include Azusa Pacific University, Citrus College, and Mt. San Antonio College, each offering robust academic programs and convenient access for student tenants or faculty members. Residents also benefit from close proximity to major retail and grocery amenities. Vincent Village Apartments presents a rare opportunity to acquire a well-located, stabilized multifamily asset with strong fundamentals, attractive assumable financing, and long-term growth potential in a high-demand rental market.
Location
State CA
County Los Angeles
Area 614 - Covina
Zoning LCR318UDP*
Interior
Laundry Community
Exterior
Parking Features Gated
Pool Community
Community Features Sidewalks
Building
Lot Description Lot Over 40000 Sqft
Sewer Public Sewer