Amazing property with wooden ceilings and original wooden cabinets, built in 1961, the property consists of a garden-style building situated on a 13,713-square foot lot with approximately 8,556 rentable square feet. The Algiers has been owned and maintained by the family for over 40 years offering the buyer a valued added opportunity, to not only increase the low rents, but also upgrade the property to market level for even high rents in this high-demand area. The subject property has a desirable mix of eight studio apartments and ten one-bedroom/one-bathroom units. All units are individually metered for gas and electricity. Amenities include an on-site laundry facility, wall air conditioning units, a storage room for the owner's-use, 14 parking spaces, and plenty of street parking. Besides its convenient location next to Westfield Mall and Edward's Theatre, the apartment complex is less than a block away from a brand new mixed-use development (The Colony) with 450 luxury apartment units, and 20,000 square feet of retail and restaurants built by Lennar Multifamily Communities. The new project indicates Lennars confidence in the City of West Covina for its strong growth potential and demand in rental markets. The apartment complex is just 0.6 miles from Interstate 10 Vincent Avenue exit. Other notable locations near the subject property include DMV Office (1.5 miles), Covina Metrolink Station (3.4 miles), Mt San Antonio College (5.7 miles), and Cal Poly Pomona.