Seller's Agent in 2022
Scott Ries
RE/MAX
(951) 733-1609
2 in this area
38 Total Sales
1541 Dennis Place West Covina, CA 91790
Estimated Value: $1,311,000 - $1,599,000
7
Beds
7
Baths
3,733
Sq Ft
$383/Sq Ft
Est. Value
Highlights
- Contemporary Architecture
- No HOA
- Tile Countertops
- Edgewood High School Rated A-
- Cul-De-Sac
- Laundry Room
About This Home
As of August 2022BACK ON MARKET! Excellent Investment opportunity to own this 3 unit triplex on a cul-de-sac in prime area of West Covina conveniently located near the West Covina Mall, City Hall and the 10 Freeway. All three units are large: Unit A is two story 3 bedroom and 2.5 baths with kitchen, formal living room (including fireplace) and family room, master bedroom and bath, indoor laundry plus tankless water heater and two car attached garage; Unit B is an upstairs unit, has 2 bedrooms and 2 baths, kitchen, formal living room and 2 car garage with laundry area; Unit C is two story, has 2 bedrooms and 1.5 baths, kitchen, formal living room and indoor laundry with tankless water heater and two unenclosed parking spaces. Each unit has a front door awning and includes stove and refrigerator. Roof is only five years old and Unit C has an updated kitchen while Unit A has updated flooring and Unit B has a new AC. All three units have separate electric and gas meters although there is also a building House meter for security lighting and automatic sprinklers. There is one water meter for the entire complex. Don't let this investment opportunity pass you by...Submit your offers today!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,198
Year Built
- Built in 1979
Lot Details
- 8,530 Sq Ft Lot
- Two or More Common Walls
- Cul-De-Sac
- Masonry wall
- Wrought Iron Fence
- Fence is in average condition
- Sprinkler System
Parking
- 4 Car Garage
- 2 Open Parking Spaces
- Parking Available
- Side Facing Garage
- Two Garage Doors
- Driveway
- Assigned Parking
Home Design
- Triplex
- Contemporary Architecture
- Spanish Tile Roof
- Asphalt Roof
- Concrete Perimeter Foundation
- Stucco
Interior Spaces
- 3,733 Sq Ft Home
- 2-Story Property
- Window Screens
- Living Room with Fireplace
Kitchen
- Gas and Electric Range
- Dishwasher
- Tile Countertops
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 7 Bedrooms
- 7 Bathrooms
Laundry
- Laundry Room
- Washer Hookup
Home Security
- Security Lights
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Outdoor Features
- Exterior Lighting
- Rain Gutters
Location
- Suburban Location
Utilities
- Central Heating and Cooling System
- Heating System Uses Natural Gas
- Natural Gas Connected
- Water Heater
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 8
- Tax Tract Number 21431
- Assessor Parcel Number 8458024026
- $1,120 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 3 Units
Building Details
- 3 Leased Units
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $286
- Gardener Expense $1,440
- Insurance Expense $1,438
- Maintenance Expense $10,505
- Trash Expense $3,100
- Water Sewer Expense $1,451
- Operating Expense $18,220
- Gross Income $59,100
- Net Operating Income $57,327
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 2, 2022
Closed on
Jul 21, 2022
Sold by
Laidlaw Family Trust
Bought by
Saikit Investment Llc
Seller's Agent
Scott Ries
RE/MAX One
Buyer's Agent
Ken Huynh
RE/MAX CHAMPIONS
List Price
$1,325,000
Sold Price
$1,200,000
Premium/Discount to List
-$125,000
-9.43%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$229,425
Avg. Annual Appreciation
4.83%
Purchase Details
Closed on
May 24, 2002
Sold by
Laidlaw Robert and Laidlaw Linda
Bought by
Laidlaw Robert G and Laidlaw Linda M
Purchase Details
Closed on
Aug 10, 2000
Sold by
Espino Efren
Bought by
Laidlaw Robert and Laidlaw Linda
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,000
Interest Rate
8.07%
Purchase Details
Closed on
Aug 8, 2000
Sold by
Espino Gerardo
Bought by
Espino Efren
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,000
Interest Rate
8.07%
Purchase Details
Closed on
Jul 27, 1998
Sold by
Gonzales Claudia
Bought by
Espino Gerardo
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,103
Interest Rate
6.89%
Mortgage Type
FHA
Purchase Details
Closed on
Jul 20, 1998
Sold by
Cheung Chi S and Cheung Chia Wei Wu
Bought by
Espino Efren and Espino Gerardo
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,103
Interest Rate
6.89%
Mortgage Type
FHA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Saikit Investment Llc | $1,200,000 | Lawyers Title | |
| Laidlaw Robert G | -- | -- | |
| Laidlaw Robert | $305,000 | Fidelity National Title | |
| Espino Efren | -- | Fidelity Title | |
| Espino Gerardo | -- | Fidelity National Title | |
| Espino Efren | $272,000 | Fidelity National Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Laidlaw Robert G | $155,000 | |
| Previous Owner | Laidlaw Robert | $188,500 | |
| Previous Owner | Laidlaw Robert | $181,000 | |
| Previous Owner | Espino Efren | $250,103 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/12/2022 08/12/22 | Sold | $1,200,000 | -9.4% | $321 / Sq Ft |
| 07/27/2022 07/27/22 | Pending | -- | -- | -- |
| 06/21/2022 06/21/22 | For Sale | $1,325,000 | 0.0% | $355 / Sq Ft |
| 06/18/2022 06/18/22 | Pending | -- | -- | -- |
| 06/02/2022 06/02/22 | For Sale | $1,325,000 | -- | $355 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $15,198 | $1,248,480 | $832,320 | $416,160 |
| 2024 | $15,198 | $1,224,000 | $816,000 | $408,000 |
| 2023 | $14,429 | $1,200,000 | $800,000 | $400,000 |
| 2022 | $6,091 | $433,064 | $120,687 | $312,377 |
| 2021 | $5,914 | $424,573 | $118,321 | $306,252 |
| 2019 | $5,747 | $411,981 | $114,812 | $297,169 |
| 2018 | $5,486 | $403,904 | $112,561 | $291,343 |
| 2016 | $4,967 | $388,222 | $108,191 | $280,031 |
| 2015 | $4,892 | $382,391 | $106,566 | $275,825 |
| 2014 | $4,874 | $374,901 | $104,479 | $270,422 |
Source: Public Records
Agents Affiliated with this Home
-
Scott Ries
-
Ken Huynh
Buyer's Agent in 2022
Ken Huynh
RE/MAX
(626) 233-2808
1 in this area
73 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SW22117360
APN: 8458-024-026
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