Marcus & Millichap’s Institutional Property Advisors (IPA) division is currently offering Pacific Trails Apartments, an 84-unit apartment complex in Covina within the San Gabriel Valley. The property is available for open bidding.
According to IPA executive director Alexander Garcia, Jr., Pacific Trails Apartments has seen recent improvements and has potential for further value-enhancing renovations that can improve operations and increase its overall value. Representing the seller, a private party, are Garcia along with IPA associates Kyle Pinkalla and Chris Zorbas.
Originally built in 1977 but renovated in 2014, Pacific Trails Apartments consists of nine buildings within a gated community. Recent upgrades include unit renovations as well as improvements to amenities such as the swimming pool and spa area, barbecue grills, fire pit,and courtyard seating. Conveniently located near Arrow Highway with easy access to State Route 66 and Interstates 10 ,210 ,and605,this property offers close proximity to entertainment options and shopping destinations without mentioning Connect or any specific locations like LA or Texas.
