Algiers Apartments | 233 S Bandy Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Algiers Apartments 233 S Bandy Ave
18 Unit Block of Flats £3,384,508 (£188,028/Unit) 5.53% Net Initial Yield West Covina, CA 91790
INVESTMENT HIGHLIGHTS
- Central location close to 10 Freeway
- Excellent unit mix
- Onsite pool, laundry and parking
EXECUTIVE SUMMARY
Welcome to Algiers Apartments, an 18-unit multifamily property located at 233 S Bandy Ave, West Covina, CA 91723. This property presents an excellent investment opportunity with a desirable unit mix of ten 1-bedroom/1-bathroom units, and eight studio units located on a 12,559 SF lot. Built in 1957, the two-story building features an onsite pool, 14 parking spots, and laundry facilities, adding to the appeal for tenants. Situated in a prime central location, the property offers easy access to the 10 Freeway and is less than a mile from West Covina High School and Plaza West Covina, home to popular destinations such as Porto’s Bakery, Macy’s, Nordstrom Rack, and Best Buy.
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| 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 - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | £3,384,508 | Property Subtype | Apartment |
| Price Per Unit | £188,028 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Net Initial Yield | 5.53% | Lot Size | 0.29 AC |
| Gross Rent Multiplier | 12.99 | Building Size | 8,556 SF |
| No. Units | 18 | Number of Floors | 2 |
| Property Type | Multifamily | Year Built | 1957 |
| Price | £3,384,508 |
| Price Per Unit | £188,028 |
| Sale Type | Investment |
| Net Initial Yield | 5.53% |
| Gross Rent Multiplier | 12.99 |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 8,556 SF |
| Number of Floors | 2 |
| Year Built | 1957 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | Avg. Rent.Mo | SF |
|---|---|---|---|
| Studios | 8 | - | - |
| 1+1 | 10 | - | - |
1 of 1
Walk Score®
Very Walkable (81)
PROPERTY TAXES
| Parcel Number | 8476-011-019 | Total Assessment | £2,317,069 (2024) |
| Land Assessment | £775,573 (2024) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £1,541,496 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
8476-011-019
Land Assessment
£775,573 (2024)
Improvements Assessment
£1,541,496 (2024)
Total Assessment
£2,317,069 (2024)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023
ZONING
| Zoning Code | MF-20 (Residential 20 du/ac) |
| MF-20 (Residential 20 du/ac) |
1 of 9
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Algiers Apartments | 233 S Bandy Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.