NOT LISTED FOR SALE

222 S Kendall Way Covina, CA 91723

Estimated Value: $1,297,000 - $1,577,132

7 Beds
3 Baths
2,731 Sq Ft
$522/Sq Ft Est. Value

Sale Details

Date Sold: May 15, 2013

Last sale price $670,000 $245 Per Sq Ft

Est. 113% increase in value since last sale

Current estimated payment $8,589 / mo

6 Days on Market

About This Home

As of May 2013

IMMACULATE PROPERTY, FRONT 3 BEDROOM SINGLE FAMILY HOUSE AND DUPLEX 2BED/2 BATH EACH UNIT.
THIS IS A UNIQUE OPPORTUNITY IN THE CITY OF COVINA, 3 UNITS FOR THE PRICE OF ONE HOUSE. PROPERTY FEATURES A FRONT SINGLE FAMILY HOUSE 3 BEDROOM/2 BATHROOM, HARD WOOD FLOORS, FENCED FRONT YARD, CENTRAL AIR & HEAT, GRANITE COUNTER TOPS & UPDATED BATHROOMS. 2 TOWN HOUSES AT BACK , EACH IS 2 BEDROOM, 2 BATHROOM, ALL REMODELED IN THE LAST 2 YEARS. EACH UNIT ENJOY 2 CAR GARAGES & OWN INSIDE LAUNDRY. GREAT CURB APPEAL.THIS IS GOOD FOR AN INVESTOR SEEKING LOW RISK GUARANTEED MONTHLY INCOME IN EXCESS OF $4500/MONTH, OR A LARGE EXTENDED FAMILY WHO DESIRE TO LIVE TOGETHER BUT IN PRIVATE DWELLINGS OR A SMART HOME OWNER, WHO WANTS TO LIVE IN FRONT HOUSE AND RENT DUPLEX OUT TO PAY FOR HIS MORTGAGE. SEE FINANCIALS AND CAP RATE BELOW.
TWO UNITS RENTED SECTION 8, AND THIRD CAN BE EASILY APPROVED FOR GUARANTEED RENT.
ALL UNITS ARE CURRENTLY RENTED, WE ARE ABLE TO SHOW INTERIOR IMMEDIATELY FOR SERIOUS BUYERS.

Last Agent to Sell the Property

Dina Elzik

MARK ELZIK, BROKER License #01748064 Listed on: 03/25/2013

Last Buyer's Agent

Dina Elzik

MARK ELZIK, BROKER License #01748064 Listed on: 03/25/2013

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 9,240 Sq Ft Lot
  • 1 Common Wall
  • Density is 11-15 Units/Acre

Parking

  • 6 Car Garage

Home Design

  • 2,731 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Bathrooms

Utilities

  • Central Air

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 17
  • Tax Tract Number 587
  • Assessor Parcel Number 8446010015

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $100
  • Insurance Expense $1,165
  • Maintenance Expense $100
  • Trash Expense $50
  • Water Sewer Expense $115
  • New Taxes Expense $7,425
  • Gross Income $4,540
  • Net Operating Income $41,510

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

9,240 Sq Ft Lot

Parking

6

Listing Details

  • CapRate: 6.15
  • Property Attached: Yes
  • Water Sewer Expenses: 115.00
  • Property Type: Residential Income
  • Gardener Expense: 100.00
  • Parcel Number: 8446010015
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 245.33

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 50.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 9240.00
  • Lot Size Acres: 0.2120

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 4540.00
  • Gross Scheduled Income: 54480.00
  • Insurance Expense: 1165.00
  • Lot Size Area: 9240.0000 Square Feet
  • Maintenance Expense: 100.00
  • Net Operating Income: 41510.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 5545.00
  • Rent Control: No
  • Total Actual Rent: 4550.00

Tax Info

  • New Taxes Expense: 7425.00
  • Tax Lot: 17
  • Tax Tract Number: 587
  • Tax Year: 2011

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 10, 2018
Sold by
Bought by
Current Estimated Value
$1,426,033

Purchase Details

Closed on
Dec 7, 2015
Sold by
Bought by

Purchase Details

Listed on
Mar 25, 2013
Closed on
Apr 18, 2013
Sold by
Bought by
Seller's Agent
Dina Elzik
MARK ELZIK, BROKER
Buyer's Agent
Dina Elzik
MARK ELZIK, BROKER
List Price
$675,000
Sold Price
$670,000
Premium/Discount to List
-$5,000
-0.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.91%
Original Mortgage
$393,750
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 10, 2011
Sold by
Bought by

Purchase Details

Closed on
Dec 28, 2010
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$427,000
Interest Rate
4.34%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 19, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$645,300
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 27, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$585,090
Interest Rate
6.89%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 2, 2004
Sold by
Bought by

Purchase Details

Closed on
Mar 21, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,000
Interest Rate
6.85%

Purchase Details

Closed on
Oct 26, 1994
Sold by
Bought by

Purchase Details

Closed on
Apr 22, 1993
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
-- None Available
$687,000 Usa National Title Co
-- None Available
-- Orange Coast Title
$827,000 Investors Title Company
-- Investors Title Company
$780,500 Chicago Title Insurance Co
-- --
-- --
$326,500 Fidelity National Title Co
$48,000 Chicago Title
$48,000 First American Title Company
-- First American Title Company
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $393,750
Previous Owner $427,000
Previous Owner $645,300
Previous Owner $585,090
Previous Owner $226,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/15/2013 05/15/13 Sold $670,000 -0.7% $245 / Sq Ft
04/08/2013 04/08/13 Pending -- -- --
04/02/2013 04/02/13 For Sale $675,000 -- $247 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $11,187 $825,049 $492,568 $332,481
2024 $10,610 $808,872 $482,910 $325,962
2023 $10,462 $793,013 $473,442 $319,571
2022 $10,328 $777,464 $464,159 $313,305
2021 $10,174 $762,220 $455,058 $307,162
2020 $10,042 $754,405 $450,392 $304,013
2019 $9,949 $739,613 $441,561 $298,052
2018 $9,466 $725,111 $432,903 $292,208
2016 $8,953 $696,956 $416,094 $280,862
2015 $8,697 $686,488 $409,844 $276,644
2014 $8,579 $673,041 $401,816 $271,225
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV13057302

California Regional Multiple Listing Service (CRMLS)

APN: 8446-010-015

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