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Covina Apartments Trade on In-Place Cash Flow, Rental Upside
Marcus & Millichap has closed the sale of Vincent Village, a 40-unit apartment property located at 4810 N. Vincent Ave. in Covina. The property sold for $8.2 million, or $205,000 per unit, at a 5.9% c
•schedule1 min read•Source: Connect CRE
Marcus & Millichap has closed the sale of Vincent Village, a 40-unit apartment property located at 4810 N. Vincent Ave. in Covina. The property sold for $8.2 million, or $205,000 per unit, at a 5.9% cap rate with approximately 29% rental upside.. “The property was located in unincorporated Los Angeles County where annual rent increases ...
The post Covina Apartments Trade on In-Place Cash Flow, Rental Upside appeared first on Connect CRE .