NOT LISTED FOR SALE

18427 E Cypress St Covina, CA 91723

Estimated Value: $866,000 - $1,043,919

5 Beds
3 Baths
1,840 Sq Ft
$512/Sq Ft Est. Value

Last Sold October 21, 2021

Last sale price $800,000 $435 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $6,093/month

9 Days on Market

About This Home

As of October 2021

2 SFR Units. The front house is a two bedroom one full bath single-family residence with upgraded kitchen, dual pane windows, laminate flooring and indoor laundry area and has its own fenced backyard.
The back house is a three bedroom, two full bath SFR with an upgraded kitchen. Property comes with a three car garage with a long concrete driveway with plenty of parking.

Last Agent to Sell the Property

Layne Davis

Capital & Influence License #01127465 Listed on: 08/06/2021

Last Buyer's Agent

Jenny Duong-Eng

Real Brokerage Technologies License #02077432

Real Brokerage Technologies

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,677

Year Built

  • Built in 1940

Lot Details

  • 0.27 Acre Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Open Parking Spaces
  • 3 Car Garage

Home Design

  • 1,840 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot A
  • Tax Tract Number 1022
  • Assessor Parcel Number 8421022016

Community Details

Overview

  • 2 Buildings
  • 2 Units

Recreation

  • Golf Course Community

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,600
  • Trash Expense $720
  • Water Sewer Expense $1,150
  • Operating Expense $3,470
  • Gross Income $9,320
  • Net Operating Income $9,320

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,677

Year Built

Built in 1940

Lot Details

0

Parking

3

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1150.00
  • Property Type: Residential Income
  • Parcel Number: 8421022016
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 434.78

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Garage, Inside
  • Sewer: Public Sewer
  • Trash Expense: 720.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Golf

Lot Info

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 11650.00
  • Lot Size Acres: 0.2674
  • Latitude Manual: 34.09594100

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 9320.00
  • Gross Scheduled Income: 52800.00
  • Insurance Expense: 1600.00
  • Lot Size Area: 11650.0000 Square Feet
  • Net Operating Income: 9320.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Operating Expense: 43480.00
  • Rent Control: No
  • Total Actual Rent: 1300.00
  • Total Expenses: 3470.00

Tax Info

  • Tax Lot: A
  • Tax Tract Number: 1022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 6, 2021
Closed on
Oct 15, 2021
Sold by
Duong Cuong V
Bought by
Duong Anb T
Seller's Agent
Layne Davis
Capital & Influence
Buyer's Agent
Jenny Duong-Eng
Real Brokerage Technologies
List Price
$869,900
Sold Price
$800,000
Premium/Discount to List
-$69,900
-8.04%
Current Estimated Value
$941,980

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$141,980
Avg. Annual Appreciation
4.47%
Original Mortgage
$604,000
Outstanding Balance
$573,106
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$368,874

Purchase Details

Listed on
Aug 6, 2021
Closed on
Sep 14, 2021
Sold by
Borman Jackie and Borman Jay
Bought by
Duong Thang D and Duong Huynh U
Seller's Agent
Layne Davis
Capital & Influence
Buyer's Agent
Jenny Duong-Eng
Real Brokerage Technologies
List Price
$869,900
Sold Price
$800,000
Premium/Discount to List
-$69,900
-8.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$604,000
Outstanding Balance
$573,106
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$368,874

Purchase Details

Closed on
Feb 25, 2021
Sold by
Bormann Jay Paul
Bought by
Bormann Jay Paul and Bormann Jackie

Purchase Details

Closed on
Mar 2, 2012
Sold by
Bormann Jason Allen and Bormann Jay Paul
Bought by
Bormann Jason Allen and Bormann Jay Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 24, 2008
Sold by
Ooi Su Eng Bormann
Bought by
Bormann Jay Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
5.77%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 14, 2008
Sold by
Salmon Norma M and The Norma M Salmon Revocable L
Bought by
Bormann Jason Allen and Bormann Jay Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
5.77%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 8, 2003
Sold by
Salmon Norma M
Bought by
Salmon Norma M and Salmon Revocable Livin Norma M
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
Duong Anb T -- Ticor Ttl Orange Cnty Branch
Duong Thang D $800,000 Ticor Title Oc
Bormann Jay Paul -- None Available
Bormann Jason Allen -- American Coast Title
Bormann Jay Paul -- Chicago Title Co
Bormann Jason Allen $225,000 Chicago Title Co
Salmon Norma M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Duong Thang D $604,000
Previous Owner Bormann Jason Allen $315,000
Previous Owner Bormann Jason Allen $150,000
Previous Owner Bormann Jason Allen $120,000
Previous Owner Bormann Jason Allen $178,000
Previous Owner Bormann Jason Allen $180,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/21/2021 10/21/21 Sold $800,000 -8.0% $435 / Sq Ft
08/16/2021 08/16/21 Pending -- -- --
08/06/2021 08/06/21 Price Changed $869,900 0.0% $473 / Sq Ft
08/06/2021 08/06/21 For Sale $869,900 -- $473 / 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
2024 $10,677 $832,320 $624,240 $208,080
2023 $10,352 $816,000 $612,000 $204,000
2022 $10,215 $800,000 $600,000 $200,000
2021 $3,849 $267,668 $148,705 $118,963
2020 $3,801 $264,925 $147,181 $117,744
2019 $3,763 $259,732 $144,296 $115,436
2018 $3,530 $254,640 $141,467 $113,173
2016 $3,296 $244,754 $135,975 $108,779
2015 $3,208 $241,079 $133,933 $107,146
2014 $3,178 $236,358 $131,310 $105,048
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2021

    Layne Davis

    Capital & Influence

    Section Image
  • Jenny Duong-Eng

    Buyer's Agent in 2021

    Jenny Duong-Eng

    Real Brokerage Technologies

    (323) 719-7717

    1 in this area

    46 Total Sales

    Jenny Duong-Eng
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV21163261

California Regional Multiple Listing Service (CRMLS)

APN: 8421-022-016

California Los Angeles County Covina 91722

18427 E Cypress St, Covina, CA

This home is located at 18427 E Cypress St, Covina, CA 91723 since 06 August 2021 and is currently estimated at $941,980, approximately $511 per square foot. This property was built in 1940. 18427 E Cypress St is a home located in Los Angeles County with nearby schools including Cypress Elementary School, Las Palmas Middle School, and Northview 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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