NOT LISTED FOR SALE

2040 E Cienega Ave Covina, CA 91724

Estimated Value: $839,000 - $1,438,000

0.63 Acre
$1,874,911 Price per Acre
27,443 Sq Ft Lot

Last Sold January 15, 2021

Last sale price $1,000,000 $947 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $7,157/month

40 Days on Market

About This Lot

As of January 2021

Attention developers: This is a great opportunity to develop approximately 9 to 10 dwellings/townhouses in a prime location in the City of Covina with close proximity to San Dimas. The lot size is 27,267 Sq Ft (.63 of an acre). The zoning is CVRD2000. Buyer to do their due diligence re the Zoning and the number of units the City of Covina will allow. The property currently has a 2 bedroom 1 bathroom 1,056 square foot home but the value is in the land.

Last Agent to Sell the Property

Jenan Musulli

Coldwell Banker Realty License #01438002 Listed on: 12/03/2020

Coldwell Banker Realty

Last Buyer's Agent

George Musulli

Coldwell Banker Residential Brokerage Company License #00769903

Coldwell Banker Residential Brokerage Company

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $12,503

Lot Details

  • 0.63 Acre Lot
  • Chain Link Fence
  • No Sprinklers
  • Property is zoned CVRD2000

Property Details

Property Type

Land

Est. Annual Taxes

$12,503

Lot Details

0

Listing Details

  • Assessments: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Not Applicable
  • View: No
  • Zoning: CVRD2000
  • Property Type: Land
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 36.67

Exterior Features

  • Fence: Yes
  • Fencing: Chain Link

Utilities

  • Utilities: Electricity Available, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Sprinklers None
  • Lot Size Sq Ft: 27267.00
  • Lot Size Acres: 0.6300

Multi Family

  • Lot Size Area: 27267.0000 Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 3, 2020
Closed on
Mar 13, 2021
Sold by
Vuong Dung Q and Luong Anh L
Bought by
Vuong Development Covina Llc
Seller's Agent
Jenan Musulli
Coldwell Banker Realty
Buyer's Agent
George Musulli
Coldwell Banker Residential Brokerage Company
List Price
$799,000
Sold Price
$1,000,000
Premium/Discount to List
$201,000
25.16%
Current Estimated Value
$1,122,253

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$122,253
Avg. Annual Appreciation
3.02%

Purchase Details

Listed on
Dec 3, 2020
Closed on
Dec 30, 2020
Sold by
Holland Lota Ann Garol and The Lota Ann Garol Holland Tru
Bought by
Vuong Dung Q and Luong Anh L
Seller's Agent
Jenan Musulli
Coldwell Banker Realty
Buyer's Agent
George Musulli
Coldwell Banker Residential Brokerage Company
List Price
$799,000
Sold Price
$1,000,000
Premium/Discount to List
$201,000
25.16%

Purchase Details

Closed on
Nov 20, 2007
Sold by
Holland Lota Ann Carol
Bought by
Holland Lota Ann Carol and Lota Ann Carol Holland Trust Of 2007
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Vuong Development Covina Llc -- Chicago Title
Vuong Dung Q $1,000,000 Equity Title Los Angeles
Holland Lota Ann Carol -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Holland Lota Ann Carol $213,700
Previous Owner Holland Lota Ann Carol $225,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/15/2021 01/15/21 Sold $1,000,000 +25.2% $947 / Sq Ft
01/12/2021 01/12/21 Pending -- -- --
12/03/2020 12/03/20 For Sale $799,000 -- $757 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

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 $12,503 $1,082,430 $974,188 $108,242
2024 $12,503 $1,061,207 $955,087 $106,120
2023 $12,200 $1,040,400 $936,360 $104,040
2022 $12,059 $1,020,000 $918,000 $102,000
2021 $7,594 $618,865 $556,986 $61,879
2020 $7,513 $612,520 $551,275 $61,245
2019 $7,432 $600,511 $540,466 $60,045
2018 $7,059 $588,737 $529,869 $58,868
2016 $5,856 $485,100 $436,500 $48,600
2015 $5,910 $535,000 $481,400 $53,600
2014 $5,145 $409,000 $368,000 $41,000
Source: Public Records

Agents Affiliated with this Home

  • Jenan Musulli

    Seller's Agent in 2021

    Jenan Musulli

    Coldwell Banker Realty

    (626) 318-7118

    1 in this area

    121 Total Sales

    Section Image

  • G

    Seller Co-Listing Agent in 2021

    George Musulli

    Coldwell Banker Realty

    (626) 318-7119

    1 in this area

    135 Total Sales

    Section Image
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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-2518

Pasadena-Foothills Association of REALTORS®

APN: 8401-018-127

California Los Angeles County Covina 91724

2040 E Cienega Ave, Covina, CA

This home is located at 2040 E Cienega Ave, Covina, CA 91724 since 03 December 2020 and is currently estimated at $1,181,194, approximately $1,118 per square foot. 2040 E Cienega Ave is a home located in Los Angeles County with nearby schools including Glen Oak Elementary School, Royal Oak Middle School, and Charter Oak 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.

Pasadena-Foothills Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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