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1737 E Nanette Ave - Woodbridge Fourplex 4 Unit Apartment Building Offered at $2,031,537 CAD at a 4.22% Cap Rate West Covina, CA 91792



Investment Highlights
- Four-unit multifamily property in the Woodbridge community.
- Located near grocery stores, restaurants, and public transportation.
- Separate gas and electric meters for individual units.
Executive Summary
First Time in the Market after almost 50 years. Original Owner. We are pleased to present this well-maintained four-unit property in the desirable community of Woodbridge in West Covina, conveniently located within a short walking distance to stores, supermarkets, restaurants, and public transportation. The amenities in this Woodbridge Community include a club house and community pool. These are the brief descriptions of the 4 units on the subject property. Unit 1: Is very spacious 3-bedroom, 1.5-bathroom unit featuring a large living room with a fireplace, a dining room, and a kitchen with ample cabinetry. Has new A/C condenser. This unit also offers a private enclosed patio, a powder room downstairs, an upstairs bathroom with dual sinks, and an attached two-car garage. Unit 2: This is a 2-bedroom, 1.5-bathroom unit with a living room, dining room, and a good-sized kitchen with newer Stove. It also has a guest powder room downstairs, a full bath upstairs, a private patio, an attached one-car garage, and a covered carport. Has concrete flooring at the front patio. Unit 3: Similar in layout as Unit 2, this 2-bedroom, 1.5-bathroom unit includes an attached one-car garage and an additional uncovered parking space. Has an enclosed backyard with concrete flooring. It was remodeled in 2024. Unit 4: A 2-bedroom, 1-bathroom unit featuring a living room, dining room, and a good-sized kitchen with newer Stove. It also has a shared full bath with an extra sink, a balcony, a one-car garage, and an uncovered parking space. The bathroom was remodeled in 2024. Separate meters for electricity and gas for each unit. Individual laundry hookups are located in each individual garage. This property is a gem in a sought-after community, popular with renters, and is ideal for investors seeking a stable asset with appreciating value to add to their portfolio.
Property Facts
| Price | $2,031,537 CAD | No. Units | 4 |
| Price Per Unit | $507,884 CAD | Property Type | Multifamily |
| Sale Type | Investment | Building Size | 4,050 SF |
| Cap Rate | 4.22% | Average Occupancy | 100% |
| Sale Condition | 1031 Exchange | No. Stories | 2 |
| Gross Rent Multiplier | 14.83 | Year Built | 1977 |
| Price | $2,031,537 CAD |
| Price Per Unit | $507,884 CAD |
| Sale Type | Investment |
| Cap Rate | 4.22% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 14.83 |
| No. Units | 4 |
| Property Type | Multifamily |
| Building Size | 4,050 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1977 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1.5 | 1 | - | - |
| 2+1.5 | 2 | - | - |
| 2+1 | 1 | - | - |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 8735-008-012 | Improvements Assessment | $434,571 CAD |
| Land Assessment | $108,604 CAD | Total Assessment | $543,174 CAD |
Property Taxes
Parcel Number
8735-008-012
Land Assessment
$108,604 CAD
Improvements Assessment
$434,571 CAD
Total Assessment
$543,174 CAD
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1737 E Nanette Ave - Woodbridge Fourplex
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