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721 S Fernwood Street

West Covina, CA 91791

– beds
– baths
– sqft
~1 acre lot
1963 build
– on site

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.

Listed By CRMLS_CA / Troy Reese / Marcus & Millichap RE Invest / troy.reese@marcusmillichap.com

Last checked: Checking… • Last updated Dec 18, 2024 •

MLS# OC24251036 —

The Building

Year Built:

1963
Year Built Source:

Assessor
New Construction:

No
Building Area Total:

30200.00
Building Area Units:

Square Feet
Total Number Of Units:

30
# of Buildings:

4
Stories Total:

2
Entry Level:

1
Common Walls:

2+ Common Walls

Interior

Entry Location:

Gate
Laundry:

Common Area
Laundry:

1

Location

Directions:

Turn Left or Right onto S Fernwood St from E Cameron Ave
Latitude:

34.06247600
Longitude:

-117.91107900

The Property

Property Type:

Residential Income
Subtype:

Apartment
Lot Features:

26-30 Units/Acre
Lot Size Area:

52013.0000
Lot Size Acres:

1.1941
Lot Size SqFt:

52013.00
Lot Size Source:

Assessor
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Tract:

26092
Tax Lot:

1-4

The Listing

Special Listing Conditions:

Standard
Parcel Number:

8486028018

Utilities

Sewer:

Unknown
Water Source:

Other

The Community

Features:

Park
Pool:

Community
Senior Community:

No
Private Pool:

No

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
12/17/24 Dec 17, 2024	Listed / Active	CRMLS_CA	$13,000,000

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This multifamily located in Azusa-Cameron, West Covina, CA 91791 is currently for sale for $13,000,000. 721 S Fernwood Street is a – square foot multifamily with – beds and – baths that has been on Estately for 1 days. 721 S Fernwood Street is in the Azusa-Cameron neighborhood of West Covina and has a WalkScore® of 27, making it car-dependent. This multifamily is in the attendance area of Edgewood High School, Hollencrest Middle School, West Covina High School, and Cameron Elementary School.

Listing Courtesy of: CRMLS_CA and Marcus & Millichap RE Invest. Based on information from California Regional Multiple Listing Service, Inc. as of 23:57 on Dec 17.

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. 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, 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.