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$13,000,000
6 Days On Site

721 S Fernwood Street
West Covina, CA 91791

For Sale|Apartment|Active
0
Beds
0
Full Baths
0
Partial Baths
32,001
SqFt
$406
/SqFt
1963
Built
County:
Los Angeles
Listed by Troy Reese of Marcus & Millichap RE Invest [email protected]

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Upcoming Open Houses
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Wed, Jan 15 5 PM - 1 AM UTC
721 S Fernwood Street721 S Fernwood Street721 S Fernwood Street721 S Fernwood Street
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Fernwood Terrace Apartments is a 30-unit garden-style apartment community (29 legal units) in the middle of The San Gabriel Valley City of West Covina. Built in 1963, the property has been gradually undergoing a complete exterior and interior renovation for the past 3 years. Currently the last couple of units are being finished at this time. The interior renovations at Fernwood Terrace feature best-in-class finish levels: fully appointed kitchens with quartz countertops, new doors, white shaker style cabinetry, wood plant-style vinyl flooring, stainless steel appliances, dishwashers, built-in microwaves, custom paint, all new blinds, and interior hardware (24 of 30 units have been completed). The units themselves are very spacious, most being between 1,000 to 1,300 sq. ft. Upper units have decks and lower units have large oversized yards. There are 43 parking spaces and the lot is 1.19 acres. Several of the units have new washer dryer units that have been installed during the renovation and there is a common laundry room as well. Exterior renovation includes all new paint, all new concrete hardscape, all new contemporary landscaping, all new asphalt, all new pool, pool deck, and pool furniture, new gating, and new exterior doors. It should be noted here that Fernwood Terrace has undergone a 3-year renovation period that is just now coming to an end, thus the financials will reflect this effort as it relates to both expenses and occupancy.

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Listing Snapshot
Price 
$13,000,000
Days On Site 
6 Days
Bedrooms 
N/A
Inside Area (SqFt) 
32,001 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
1.1941 Acres
Year Built 
1963
MLS® Number 
OC24251036
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
6 days agoStatus changed to Active
6 days agoListing updated with changes from the MLS®
6 days agoListing first seen on site
General Features
Acres 
1.1941
Number Of Stories 
2
Property Sub Type 
Apartment
Sewer 
Unknown
Special Circumstances 
Standard
SqFt Total 
32001
Water Source 
Other
Interior Features
Laundry Features 
Common Area
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Exterior Features
Pool Features 
Community
Community Features
Building Access 
Gate
Community Features 
PoolPark
Financing Terms Available 
CashConventionalContract
MLS Area 
669 - West Covina


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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