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2426 S Nancy St, West Covina, CA 91792 2426 S Nancy St 4 Unit Apartment Building $2,072,368 CAD ($518,092 CAD/Unit) 5.06% Cap Rate West Covina, CA 91792



INVESTMENT HIGHLIGHTS
- Across the street from the HOA pool and clubhouse, the 3-bedroom was designed and built as an owner unit, long term tenants, room for one ADU.
EXECUTIVE SUMMARY
We are delighted to present this well-maintained four-unit property in the desirable community of Woodbridge in West Covina, conveniently located within a short walking distance of three supermarkets, restaurants, and public transportation. This outstanding asset is right across to the community pool and comprises the following units: ***Unit 1: A spacious 3-bedroom, 2-bathroom unit featuring a large living room with a fireplace, a dining room, and a kitchen with ample cabinetry. This unit also offers a private 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. It also has a guest powder room downstairs, a full bath upstairs, a private patio, an attached one-car garage, and a covered carport. ***Unit 3: Similar in layout to Unit 2, this 2-bedroom, 1.5-bathroom unit includes an attached one-car garage and an additional uncovered parking space. ***Unit 4: A 2-bedroom, 1.5-bathroom unit featuring a living room, dining room, and a good-sized kitchen. It also has a shared full bath with an extra sink, a balcony, a one-car garage, and an uncovered parking space. Separate meters for electricity and gas Individual laundry hookups 20% upside in rent Long-term tenants Buyers are to cooperate with the seller’s 1031 exchange at no cost. 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. The back of the building has the potential to build one ADU (SB 1211).
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,072,368 CAD | Property Subtype | Apartment |
| Price Per Unit | $518,092 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.06% | Lot Size | 0.26 AC |
| Sale Condition | 1031 Exchange | Building Size | 4,050 SF |
| Gross Rent Multiplier | 15.84 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1978 |
| Property Type | Multifamily | Parking Ratio | 1.5/1,000 SF |
| Zoning | WCPCD1* | ||
| Price | $2,072,368 CAD |
| Price Per Unit | $518,092 CAD |
| Sale Type | Investment |
| Cap Rate | 5.06% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 15.84 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 4,050 SF |
| No. Stories | 2 |
| Year Built | 1978 |
| Parking Ratio | 1.5/1,000 SF |
| Zoning | WCPCD1* |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 1 | $3,039 CAD | - |
| 2+1.5 | 3 | $8,088 CAD | - |
PROPERTY TAXES
| Parcel Number | 8735-010-013 | Total Assessment | $578,099 CAD |
| Land Assessment | $289,049 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $289,049 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
8735-010-013
Land Assessment
$289,049 CAD
Improvements Assessment
$289,049 CAD
Total Assessment
$578,099 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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2426 S Nancy St, West Covina, CA 91792 | 2426 S Nancy St
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