Seller's Agent in 2021
Tyler Leeson
Marcus & Millichap RE Invest
(949) 419-3200
2 in this area
143 Total Sales
1011 Cypress St Covina, CA 91722
9
Beds
8
Baths
11,867
Sq Ft
0.39
Acres
Highlights
- 0.39 Acre Lot
- Laundry Room
- Level Lot
- Lawn
About This Home
As of May 2021Cypress Villa is a 12-unit multifamily investment property located at 1011 West Cypress Street, Covina, CA. Built in 1963, Cypress Villa offers of an attractive mix of 2, 1 bed/1 bath units, 3, 2 bed/1 bath units, 4, 2 bed/1.5 bath units, 2, 2 bed/1.75 bath units, and 1, 2 bed/2 bath unit. The property also offers amenities including tuck-under parking, gated access, a central courtyard, and on-site laundry. Cypress Villa is located across the street from Northview High School which has an annual enrollment of over 1,200 students. The property is also centrally located between numerous shopping centers whose anchor tenants include Walmart Supercenter, Berts Mega Mall, 99 Cents Only Stores, CVS, Smart & Final Extra!, Lowe's, and more. Cypress Villa is conveniently located in close proximity to North Azusa Boulevard and Interstates 210 and 10, providing residents with easy access to nearby employment hubs.
Last Agent to Sell the Property
Marcus & Millichap RE Invest License #01451551 Listed on: 01/21/2021
Last Buyer's Agent
Marcus & Millichap RE Invest License #01451551 Listed on: 01/21/2021
Property Details
Home Type
- Apartment
Year Built
- Built in 1963
Lot Details
- 0.39 Acre Lot
- No Common Walls
- Level Lot
- Lawn
Interior Spaces
- 11,867 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 9 Bedrooms
- 8 Bathrooms
Parking
- 17 Parking Spaces
- 17 Carport Spaces
Listing and Financial Details
- Tax Lot 10
- Tax Tract Number 26167
- Assessor Parcel Number 8420014057
Community Details
Building Details
- 12 Leased Units
- Rent Control
- 12 Separate Electric Meters
- 12 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,771
- Fuel Expense $1,771
- Insurance Expense $3,600
- Maintenance Expense $7,200
- Other Expense $6,600
- Professional Management Expense $7,398
- Trash Expense $1,771
- Water Sewer Expense $1,770
- New Taxes Expense $45,762
- Operating Expense $77,643
- Gross Income $190,680
- Net Operating Income $107,317
Additional Features
- 12 Units
- Laundry Facilities
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/10/2021 05/10/21 | Sold | $3,030,000 | -13.4% | $255 / Sq Ft |
| 03/17/2021 03/17/21 | Pending | -- | -- | -- |
| 01/21/2021 01/21/21 | For Sale | $3,500,000 | -- | $295 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC21013647
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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