Seller's Agent in 2025
Kristopher German
RE/MAX
(909) 645-0443
10 in this area
119 Total Sales
219 W Center St Covina, CA 91723
9
Beds
9
Baths
4,486
Sq Ft
10,204
Sq Ft Lot
Highlights
- Laundry Room
- 8 Car Garage
- Brick Fence
- Central Heating and Cooling System
About This Home
As of April 2025We are pleased to exclusively offer for sale a remarkable investment opportunity in the city of Covina, 5 pride of ownership units constructed in 1985. The unit mix includes four 2-bedroom/1.5-bathroom two-story town-house style units, each offering two levels of living space, and one oversized 1-bedroom/1-bathroom unit. Collectively, these units comprise 4,486 rental square feet on a well-proportioned 10,201 square foot lot. The property boasts a solid 5.56% CAP rate and a 12.73 Gross Rent Multiplier, underlining its profitability and investment appeal.
Each unit is equipped with central air conditioning and heating, ensuring comfort year-round. Tenants also benefit from private garage and open space parking (13 spaces total), private patios, and interior laundry hookups. Each unit amenity enhances desirability and tenant satisfaction. This investment represents a unique opportunity to acquire a stable, high-yield asset in Covina, ideal for investors seeking a property with both immediate returns and long-term growth potential.
Last Agent to Sell the Property
RE/MAX 2000 REALTY Brokerage Phone: 909-645-0443 License #01800021 Listed on: 01/21/2025
Last Buyer's Agent
RE/MAX 2000 REALTY Brokerage Phone: 909-645-0443 License #01800021 Listed on: 01/21/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,253
Year Built
- Built in 1985
Lot Details
- 10,204 Sq Ft Lot
- Two or More Common Walls
- Brick Fence
- Density is up to 1 Unit/Acre
Parking
- 8 Car Garage
- 5 Open Parking Spaces
- Parking Available
- Assigned Parking
Home Design
- Apartment
- Entry on the 1st floor
- Slab Foundation
- Tile Roof
Interior Spaces
- 4,486 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 9 Bedrooms
- 9 Bathrooms
Laundry
- Laundry Room
- Washer Hookup
Outdoor Features
- Exterior Lighting
- Rain Gutters
Utilities
- Central Heating and Cooling System
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 18 / 12
- Tax Tract Number 2
- Assessor Parcel Number 8444002030
Community Details
Overview
- 5 Units
Building Details
- Rent Control
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $76
- Insurance Expense $3,500
- Trash Expense $4,185
- Water Sewer Expense $1,852
- Operating Expense $32,371
- Gross Income $123,696
- Net Operating Income $87,614
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 18, 2012
Sold by
Aragundi Jorge E
Bought by
Villa Juan Francisco
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,474
Outstanding Balance
$106,416
Interest Rate
3.93%
Mortgage Type
New Conventional
Estimated Equity
$628,469
Purchase Details
Closed on
Oct 14, 2011
Sold by
Aragundi Jorge E
Bought by
Deutsche Bank National Trust Company
Purchase Details
Closed on
Nov 3, 2006
Sold by
Aragundi Jorge E
Bought by
Aragundi Jorge E and Aragundi Elizabeth
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$481,500
Interest Rate
7.99%
Mortgage Type
Balloon
Purchase Details
Closed on
Oct 8, 2004
Sold by
Aragundi Elizabeth C
Bought by
Aragundi Jorge E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$319,200
Interest Rate
7.3%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 16, 2004
Sold by
Villalobos Eddie
Bought by
Aragundi Jorge A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$319,200
Interest Rate
7.3%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 19, 2002
Sold by
Hedrick Ronald W
Bought by
Villalobos Eddie and Gallardo Edyth F
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,232
Interest Rate
6.69%
Mortgage Type
FHA
Purchase Details
Closed on
Aug 29, 1997
Sold by
Hedrick Donna J
Bought by
Hedrick Ronald W
Purchase Details
Closed on
Aug 28, 1997
Sold by
Dipaolo Dominic E
Bought by
Hedrick Ronald W
Purchase Details
Closed on
Apr 2, 1997
Sold by
Dipaolo Dominic E
Bought by
Dipaolo Dominic E and Dipaolo Sandra L
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $257,500 | Fidelity National Title Co | |
| Trustee Deed | $227,250 | Landsafe Title | |
| Interfamily Deed Transfer | -- | Commonwealth Land Title | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | $399,000 | Fidelity Van Nuys | |
| Grant Deed | $211,500 | Orange Coast Title | |
| Gift Deed | -- | Orange Coast Title | |
| Grant Deed | $139,500 | Orange Coast Title | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $154,474 | New Conventional | |
| Previous Owner | $481,500 | Balloon | |
| Previous Owner | $319,200 | Purchase Money Mortgage | |
| Previous Owner | $210,000 | Unknown | |
| Previous Owner | $208,232 | FHA | |
| Closed | $79,800 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/02/2025 04/02/25 | Sold | $1,575,000 | 0.0% | $351 / Sq Ft |
| 02/03/2025 02/03/25 | Pending | -- | -- | -- |
| 01/21/2025 01/21/25 | For Sale | $1,575,000 | -- | $351 / 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 | $4,253 | $323,419 | $258,615 | $64,804 |
| 2024 | $4,253 | $317,079 | $253,545 | $63,534 |
| 2023 | $4,192 | $310,863 | $248,574 | $62,289 |
| 2022 | $4,137 | $304,768 | $243,700 | $61,068 |
| 2021 | $4,077 | $298,793 | $238,922 | $59,871 |
| 2019 | $3,987 | $289,934 | $231,837 | $58,097 |
| 2018 | $3,767 | $284,250 | $227,292 | $56,958 |
| 2017 | $30 | $278,678 | $222,836 | $55,842 |
| 2016 | $3,567 | $273,215 | $218,467 | $54,748 |
| 2015 | $3,466 | $269,112 | $215,186 | $53,926 |
| 2014 | $3,424 | $263,841 | $210,971 | $52,870 |
Source: Public Records
Agents Affiliated with this Home
-
Kristopher German
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV25015027
APN: 8445-011-010
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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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