
Covina, California 91723
Analysis of 826 N Barranca, Covina, California 91723 is currently available with a list price of $7,280,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Covina Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 1961, the property is over 60 years old. While images show some units have received recent cosmetic renovations (modern vanities and flooring), the listing is marketed as a 'value-add opportunity,' implying that the majority of the 24 units and overall systems remain dated and require updates to meet modern standards.
The property features a rare and versatile mix of studio, one, two, and four-bedroom floor plans with a generous average unit size of 951 square feet, catering to a broad tenant base.
Located with immediate access to the I-10, I-210, and I-605 freeways and minutes from major universities and the Metrolink, the site ensures high demand and low vacancy.
Subject only to California AB-1482 without additional local rent control, the property offers investors significant flexibility for rental growth and operational improvements.
Built in 1961, the property may require increased capital expenditure for long-term maintenance and upgrades to aging systems compared to newer developments.
The inclusion of a community swimming pool and extensive common areas increases the ongoing management responsibility and potential liability for the owner.
The Bahamas Apartment is a 24-unit garden-style apartment community located at 826 N Barranca Avenue in Covina, California. Built in 1961, the property offers an attractive and diverse unit mix including studio, one-bedroom, two-bedroom, and four-bedroom floor plans with an average unit size of approximately 951 square feet. The property presents investors with a strong value-add opportunity in a desirable San Gabriel Valley rental market. The community features spacious layouts, central HVAC, on-site laundry facilities, a community swimming pool, covered carport parking, storage areas, and pitched composition roofs. Select units have been upgraded. Conveniently located with immediate access to the I-10, I-210, and I-605 freeways, the property provides connectivity throughout Los Angeles, Orange, Riverside, and San Bernardino Counties. The Bahamas Apartment is also minutes from Azusa Pacific University, Citrus College, Cal Poly Pomona, Plaza West Covina, and the Covina Metrolink Station. The offering is ideal for both private investors and 1031 exchange buyers seeking long-term upside through rental growth and operational improvements. The property is subject only to California AB-1482 and is not under local rent control, providing additional flexibility for future ownership.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1961 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
May 21, 2026
$7,280,000
Initial Listing
Dec 23, 2016
$8,050,000
Public Record
Mar 31, 2016
$7,025,000
Public Record