NOT LISTED FOR SALE

Estimated Value: $1,540,000 - $1,858,000

9 Beds
4 Baths
4,050 Sq Ft
$413/Sq Ft Est. Value

Last Sold October 31, 2014

Last sale price $918,000 $227 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $10,170/month

21 Days on Market

Highlights

  • 24-Hour Security
  • Clubhouse
  • Lawn
  • Private Pool
  • Contemporary Architecture
  • Laundry Room

About This Home

As of October 2014

Well-Maintained Townhouse Style 4-Plex Apartment built in 1977 located in the heart of West Covina.

Close to the major intersection of Amar and Azusa. Minutes away from Mt. Sac and Cal Poly University. Easy Access to 10 and
60 freeway. Walking distance to shopping, supermarkets and transportation.

Unit #1--- 3 Br, 1.5 baths, 2 car garage. Unit #2 and #3 --- 2 Br, 1.5 baths, 1 car garage and 1 parking space each . Unit #4---2 Br, 1 bath, 1 car garage and 1 carport . 3 units are townhouse style with living room, kitchen downstairs and bedrooms upstairs. One unit upstairs with 2 bedroom, 1 bath, living room, kitchen and large balcony. 3 units have private yards. Each unit has washer and dryer hook-ups in the garage.

Central A/C and Heater in every unit. Newer central air conditioning units. Newer garage doors for all the units ( 2011) . New sprinkler system. Kitchen has stove , double sinks. Unit #4 kitchen was updated with granite counter tops and new cabinets.

Community Club House and Pool. Private security patrol. 5 Days a week, 10 hours/Day ( 4 p.m. to 2 a.m.)

Drive by only. Tenants are not aware of the property is for sale. Do not walk on property! Do not talk to tenants. Offer subject to interior inspection.

Last Agent to Sell the Property

Ellen Fu

High Ten Partners, Inc. License #00774584 Listed on: 09/15/2014

High Ten Partners, Inc.

Last Buyer's Agent

Chi Leung

RICHTOWN REALTY License #00892225

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,683

Year Built

  • Built in 1977 | Remodeled

Lot Details

  • 10,328 Sq Ft Lot
  • Two or More Common Walls
  • Sprinkler System
  • Lawn
  • Front Yard

Parking

  • 4 Car Garage

Home Design

  • Contemporary Architecture
  • Property Attached
  • Stucco

Interior Spaces

  • 4,050 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Tile Flooring
  • Fire and Smoke Detector
  • Gas Cooktop

Bedrooms and Bathrooms

  • 9 Bedrooms
  • All Upper Level Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Pool

  • Private Pool
  • Spa

Outdoor Features

  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 12
  • Tax Tract Number 32769
  • Assessor Parcel Number 8735008006

Community Details

Overview

  • Property has a Home Owners Association
  • 4 Units

Recreation

  • Community Pool
  • Community Spa

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $325
  • Gardener Expense $540
  • Insurance Expense $1,306
  • Maintenance Expense $1,658
  • Other Expense $2,160
  • Trash Expense $2,052
  • Water Sewer Expense $1,468
  • New Taxes Expense $11,125
  • Gross Income $5,477
  • Net Operating Income $47,527

Additional Features

  • Clubhouse
  • 24-Hour Security

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,683

Year Built

Built in 1977 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 5.30
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: 24 Hour Security, Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 1468.00
  • Zoning: WCPCD1
  • Architectural Style: Contemporary
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Gardener Expense: 540.00
  • Parcel Number: 8735008006
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Tile
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 226.67
  • Room Type: All Bedrooms Up, Living Room
  • Spa Features: Association

Exterior Features

  • Pool Features: Association, Community
  • Pool Private: Yes
  • Spa: Yes
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Sewer Paid
  • Trash Expense: 2052.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Clubhouse, Pool, Spa/Hot Tub
  • Association Fee: 180.00
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Lot Features: Front Yard, Lawn, Lot 10000-19999 Sqft, Sprinkler System
  • Lot Size Sq Ft: 10328.00
  • Lot Size Acres: 0.2370

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 325.00
  • Gross Income: 5477.00
  • Gross Multiplier: 13.68
  • Gross Scheduled Income: 68280.00
  • Insurance Expense: 1306.00
  • Lot Size Area: 10328.0000 Square Feet
  • Maintenance Expense: 1658.00
  • Net Operating Income: 47527.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Operating Expense: 20753.00
  • Other Expense: 2160.00
  • Other Expense Description: HoA
  • Rent Control: No
  • Total Actual Rent: 5690.00

Tax Info

  • New Taxes Expense: 11125.00
  • Taxes Percent: 1.25
  • Tax Lot: 12
  • Tax Tract Number: 32769
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 15, 2014
Closed on
Oct 28, 2014
Sold by
Yang Jensen
Bought by
Tea Youn Sou
Seller's Agent
Ellen Fu
High Ten Partners, Inc.
Buyer's Agent
Chi Leung
RICHTOWN REALTY
List Price
$889,000
Sold Price
$918,000
Premium/Discount to List
$29,000
3.26%
Current Estimated Value
$1,671,763

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$753,763
Avg. Annual Appreciation
5.62%

Purchase Details

Listed on
Sep 15, 2014
Closed on
Oct 8, 2014
Sold by
Wu Chaolin
Bought by
Tea Youn Sou
Seller's Agent
Ellen Fu
High Ten Partners, Inc.
Buyer's Agent
Chi Leung
RICHTOWN REALTY
List Price
$889,000
Sold Price
$918,000
Premium/Discount to List
$29,000
3.26%

Purchase Details

Closed on
Apr 11, 2014
Sold by
Wu Chaolin
Bought by
Wu Chaolin and Wu Chi Ching

Purchase Details

Closed on
Feb 3, 1999
Sold by
Meza Liliana D
Bought by
Wu Chao Lin and Wu Chi Ching

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,500
Interest Rate
7.04%

Purchase Details

Closed on
Jul 9, 1997
Sold by
Home Svgs Of America Fsb
Bought by
Meza Liliana D and Meza Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$219,709
Interest Rate
7.58%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 5, 1997
Sold by
Avila Enrique
Bought by
Home Svgs Of America Fsb
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Tea Youn Sou -- First American Title Company
Tea Youn Sou $918,000 First American Title Company
Wu Chaolin -- None Available
Wu Chao Lin $262,000 Fidelity National Title
Meza Liliana D $228,000 Investors Title Company
Meza Liliana -- Investors Title Company
Home Svgs Of America Fsb $183,750 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wu Chao Lin $196,500
Previous Owner Meza Liliana D $219,709
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/31/2014 10/31/14 Sold $918,000 +3.3% $227 / Sq Ft
10/06/2014 10/06/14 Pending -- -- --
09/15/2014 09/15/14 For Sale $889,000 -- $220 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $15,683 $1,103,288 $600,920 $502,368
2024 $15,683 $1,081,656 $589,138 $492,518
2023 $15,210 $1,060,448 $577,587 $482,861
2022 $13,765 $1,039,656 $566,262 $473,394
2021 $13,543 $1,019,271 $555,159 $464,112
2019 $13,124 $989,042 $538,694 $450,348
2018 $12,637 $969,650 $528,132 $441,518
2016 $12,074 $931,999 $507,625 $424,374
2015 $11,918 $918,000 $500,000 $418,000
2014 $5,299 $335,052 $102,303 $232,749
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS14199308

California Regional Multiple Listing Service (CRMLS)

APN: 8735-008-006