$3,525,000
SOLD FEB 27, 2015

1127 E Garvey Ave N West Covina, CA 91790

3 Beds
3 Baths
18,382 Sq Ft
0.78 Acres

Recently Sold

$192 Per Sq Ft

7% Below List Price

49 Days on Market

About This Home

As of July 2018

The Garvey Apartments were built in 1958 and has an excellent unit mix of four studio/one bathroom units, twenty one-bedroom/one bathroom units, and four two-bedroom/one bathroom units. The apartment offers a prestigious courtyard surrounded by the units, offering a large lounging area. The Garvey Apartments offers ample parking, with spaces in the back. The property sits on 33,829 square feet of land with 18,382 rentable square feet and is individually metered for electricity and gas.

Last Agent to Sell the Property

Douglas McCauley

MARCUS & MILLICHAP Listed on: 10/31/2014

Last Buyer's Agent

Mike Marcu

Mike Marcu, Broker License #00919594

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 0.78 Acre Lot
  • Property fronts a highway
  • Two or More Common Walls

Parking

  • 28 Parking Spaces

Home Design

  • 18,382 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 18
  • Tax Tract Number 20551
  • Assessor Parcel Number 8456023036

Community Details

Overview

  • 2 Buildings
  • 28 Units

Building Details

  • 28 Leased Units
  • 29 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gardener Expense $1,440
  • Insurance Expense $7,522
  • Maintenance Expense $18,000
  • Pest Control $1,296
  • Professional Management Expense $12,013
  • Water Sewer Expense $32,342
  • New Taxes Expense $49,600
  • Gross Income $25,325
  • Net Operating Income $167,315

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Professional Management Expense: 12013.00
  • Property Attached: Yes
  • Road Frontage Type: City Street, Highway
  • Water Sewer Expenses: 32342.00
  • Property Type: Residential Income
  • Gardener Expense: 1440.00
  • Parcel Number: 8456023036
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 191.76

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 28.00

Utilities

  • Utilities: Sewer Connected
  • Pest Control Expense: 1296.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights

Lot Info

  • Lot Size Sq Ft: 33829.00
  • Lot Size Acres: 0.7770

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Gross Income: 25325.00
  • Gross Scheduled Income: 309445.00
  • Insurance Expense: 7522.00
  • Lot Size Area: 33829.0000 Square Feet
  • Maintenance Expense: 18000.00
  • Net Operating Income: 167315.00
  • Number Of Separate Electric Meters: 29
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 28
  • Number Of Units Total: 28
  • Operating Expense: 133013.00
  • Rent Control: No
  • Total Actual Rent: 25325.00

Tax Info

  • New Taxes Expense: 49600.00
  • Tax Lot: 18
  • Tax Tract Number: 20551
  • Tax Year: 2013

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/13/2018 07/13/18 Sold $6,500,000 -2.3% --
03/20/2018 03/20/18 Price Changed $6,650,000 -2.2% --
03/02/2018 03/02/18 For Sale $6,800,000 +92.9% --
02/27/2015 02/27/15 Sold $3,525,000 -7.2% $192 / Sq Ft
12/19/2014 12/19/14 Pending -- -- --
10/31/2014 10/31/14 For Sale $3,800,000 -- $207 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    Jared Leung

    MacroReal Inv Grp Inc.

    (949) 293-0903

    8 Total Sales

    Section Image

  • G

    Seller Co-Listing Agent in 2018

    Grady(626) 407-7 Liu 314 Ar Ag

    MacroReal Inv Grp Inc.

    (626) 236-8934

    9 Total Sales

    Section Image

  • J

    Buyer's Agent in 2018

    Justin Wu

    Supreme Investment Corp.

    (626) 618-7100

    1 in this area

    4 Total Sales

    Section Image
  • Douglas McCauley

    Seller's Agent in 2015

    Douglas McCauley

    MARCUS & MILLICHAP

    (909) 456-3493

    1 in this area

    45 Total Sales

    Section Image
  • Mike Marcu

    Buyer's Agent in 2015

    Mike Marcu

    Mike Marcu, Broker

    (562) 260-0940

    19 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV14232914

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County West Covina 91790

1127 E Garvey Ave N, West Covina, CA

This home is located at 1127 E Garvey Ave N, West Covina, CA 91790 and is currently priced at $3,525,000, approximately $191 per square foot. This property was built in 1958. 1127 E Garvey Ave N is a home located in Los Angeles County with nearby schools including Rowland Avenue Elementary School, Traweek Middle School, and Covina High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) 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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