$1,750,000
$125K PRICE DROP

Estimated payment $11,074/month

Total Views 31,869
9 Beds
7 Baths
4,286 Sq Ft
$408 Price per Sq Ft

Highlights

  • Midcentury Modern Architecture
  • Lawn
  • Double Pane Windows
  • John O. Tynes Elementary School Rated A-
  • No HOA
  • Cooling System Mounted To A Wall/Window

About This Home

Covington fourplex approximately 5 miles from Disneyland is all unit’s tenant occupied and produces strong rents. Front unit has 3 bedrooms and each other unit comes with a spacious 2 bedrooms offering unique layouts including private yard patios, balcony, and a 5th enclosed garage space for extra storage. Built in 1966, this larger fourplex at 4,286 sq. ft. has a lot size over 8,200 sq. ft. and all units have their own separate meters for gas and electricity keeping operating expenses low. Included in this sale is a community laundry room with 3 coin operated washers and 2 coin operated dryers all owner-owned machines for additional supplemental income.

Listing Agent

Albert Gomez

T.N.G. Real Estate Consultants Brokerage Phone: 714-866-2615 License #01919800 Listed on: 02/01/2024

T.N.G. Real Estate Consultants

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1966

Lot Details

  • 8,276 Sq Ft Lot
  • Two or More Common Walls
  • Wood Fence
  • Rectangular Lot
  • Level Lot
  • Front Yard Sprinklers
  • Lawn

Parking

  • 5 Car Garage
  • 1 Open Parking Space
  • Parking Available
  • Rear-Facing Garage

Home Design

  • Midcentury Modern Architecture
  • Quadruplex
  • Entry on the 1st floor
  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • Pre-Cast Concrete Construction
  • Stucco

Interior Spaces

  • 4,286 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Window Screens
  • Living Room with Fireplace
  • Closed Circuit Camera
  • Laundry Room

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Satellite Dish
  • Cable TV Available

Additional Features

  • No Interior Steps
  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 5268
  • Assessor Parcel Number 07356224
  • $1,035 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Fuel Expense $188
  • Gardener Expense $840
  • Insurance Expense $1,800
  • Maintenance Expense $1,200
  • Other Expense $1,080
  • Water Sewer Expense $3,085
  • New Taxes Expense $20,080
  • Operating Expense $28,273
  • Gross Income $2,500
  • Net Operating Income $102,849

Property Details

Home Type

Multi-Family

Year Built

Built in 1966

Lot Details

0

Parking

5

Listing Details

  • CapRate: 5.72
  • Inclusions: (3) coin operated washers and (2) coin operated dryers.
  • Price Per Unit: 437500
  • Property Attached: Yes
  • Road Surface Type: Paved
  • Security: Closed Circuit Camera(s)
  • Water Sewer Expenses: 3085.00
  • Architectural Style: Mid Century Modern
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 840.00
  • Parcel Number: 07356224
  • Year Built: 1966
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 2
  • Entry Location: Front
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate, Tile
  • Accessibility Features: No Interior Steps
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 408.31
  • Room Type: Kitchen, Living Room
  • Window Features: Double Pane Windows, Screens

Exterior Features

  • Exterior Features: Satellite Dish
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Concrete, Frame, Glass, Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Garage Faces Rear
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 1.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Community
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn, Level with Street, Rectangular Lot, Sprinklers In Front
  • Lot Size Sq Ft: 8276.00
  • Lot Size Acres: 0.1900

Multi Family

  • Fuel Expense: 188.00
  • Gross Income: 2500.00
  • Gross Multiplier: 13.32
  • Gross Operating Income: 131122.00
  • Gross Scheduled Income: 135100.00
  • Insurance Expense: 1800.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 2500.00
  • Lot Size Area: 8276.0000 Square Feet
  • Maintenance Expense: 1200.00
  • Net Operating Income: 102849.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 28273.00
  • Operating Expense Percent: 20.93
  • Other Expense: 1080.00
  • Other Expense Description: DP & PC
  • Other Income Description: Estimated laundry 12mo. income
  • Rent Control: Yes
  • Total Expenses: 28273.00
  • Vacancy Allowance: 3978
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 20080.00
  • Tax Census Tract: 116.02
  • Tax Lot: 8
  • Tax Tract Number: 5268
  • TaxOtherAnnualAssessmentAmount: 1035.00

Map

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
05/22/2025 05/22/25 Price Changed $1,750,000 -1.6% $408 / Sq Ft
04/16/2025 04/16/25 Price Changed $1,779,000 -0.6% $415 / Sq Ft
04/16/2025 04/16/25 Price Changed $1,789,000 -0.6% $417 / Sq Ft
01/16/2025 01/16/25 Price Changed $1,799,000 +2.8% $420 / Sq Ft
08/26/2024 08/26/24 Price Changed $1,750,000 -2.7% $408 / Sq Ft
05/21/2024 05/21/24 Price Changed $1,799,000 -2.8% $420 / Sq Ft
05/06/2024 05/06/24 Price Changed $1,850,000 -1.3% $432 / Sq Ft
02/23/2024 02/23/24 For Sale $1,875,000 0.0% $437 / Sq Ft
02/22/2024 02/22/24 Pending -- -- --
02/16/2024 02/16/24 Off Market $1,875,000 -- --
02/05/2024 02/05/24 For Sale $1,875,000 0.0% $437 / Sq Ft
02/02/2024 02/02/24 Off Market $1,875,000 -- --
02/01/2024 02/01/24 For Sale $1,875,000 +33.9% $437 / Sq Ft
06/23/2021 06/23/21 Sold $1,400,000 +3.7% $327 / Sq Ft
05/17/2021 05/17/21 Pending -- -- --
05/07/2021 05/07/21 For Sale $1,350,000 -- $315 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24005996

California Regional Multiple Listing Service (CRMLS)

APN: 073-562-24