NOT LISTED FOR SALE

222 S Pima Ave West Covina, CA 91790

11 Beds
7 Baths
5,696 Sq Ft
7,431 Sq Ft Lot

Last Sold March 26, 2021

Last sale price $1,825,000 $320 Per Sq Ft

31 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Tile Flooring
  • Edgewood High School Rated A-
  • Laundry Room
  • Central Heating

About This Home

As of March 2021

Outstanding 7 unit building in highly desirable rental area of West Covina. Unit count is as follows: (3) 2-Bedroom 1-bath, (1) 2-bedroom 2-Bathrooms and (3) 1-Bedroom 1-Bathroom. Occupied by reliable an long term paying tenants. Building has 6 garages and enclosed common area patio. Includes owned coin operated laundry machines. Building is well maintained. Rents are below market value and have room to grow.

Last Agent to Sell the Property

Michael Campbell

MICHAEL CAMPBELL, BROKER License #01854118 Listed on: 01/05/2021

Co-Listed By

John Morrison

BHGRE PORCHES & PLACES License #01248368

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 7,433 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Open Parking Spaces
  • 5 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 5,696 Sq Ft Home
  • Apartment
  • Composition Roof

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 7 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating

Additional Features

  • Disposal
  • Laundry Room

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 4
  • Tax Tract Number 19612
  • Assessor Parcel Number 8476007014

Community Details

Overview

  • No Home Owners Association
  • 7 Units

Amenities

  • Laundry Facilities

Building Details

  • 6 Leased Units
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $673
  • Fuel Expense $3,126
  • Gardener Expense $1,180
  • Insurance Expense $2,666
  • Maintenance Expense $1,800
  • Pest Control $505
  • Trash Expense $3,330
  • Water Sewer Expense $3,516
  • New Taxes Expense $17,856
  • Operating Expense $34,652
  • Gross Income $120,036
  • Net Operating Income $85,384

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

7,433 Sq Ft Lot

Parking

5

Listing Details

  • CapRate: 5.20
  • Property Attached: Yes
  • Water Sewer Expenses: 3516.00
  • Zoning: WCR3-MF20*
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1180.00
  • Parcel Number: 8476007014
  • Year Built: 1959
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 320.40

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal
  • Heating Type: Central
  • Laundry Features: Community, Individual Room
  • Pest Control Expense: 505.00
  • Sewer: Public Sewer
  • Trash Expense: 3330.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7433.00
  • Lot Size Acres: 0.1706

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 673.00
  • Fuel Expense: 3126.00
  • Gross Income: 120036.00
  • Gross Operating Income: 120036.00
  • Gross Scheduled Income: 117636.00
  • Insurance Expense: 2666.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 200.00
  • Lot Size Area: 7433.0000 Square Feet
  • Maintenance Expense: 1800.00
  • Net Operating Income: 85384.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 7
  • Operating Expense: 34652.00
  • Rent Control: No
  • Total Expenses: 34652.00

Tax Info

  • New Taxes Expense: 17856.00
  • Tax Census Tract: 4065.00
  • Tax Lot: 4
  • Tax Tract Number: 19612
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

Property History

Date Event Price List to Sale Price per Sq Ft
03/26/2021 03/26/21 Sold $1,825,000 -3.9% $320 / Sq Ft
02/05/2021 02/05/21 Pending -- -- --
01/05/2021 01/05/21 For Sale $1,900,000 -- $334 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $25,281 $1,975,437 $1,082,432 $893,005
2024 $24,756 $1,936,704 $1,061,208 $875,496
2023 $23,535 $1,898,730 $1,040,400 $858,330
2022 $23,740 $1,861,500 $1,020,000 $841,500
2021 $17,796 $1,357,190 $631,251 $725,939
2020 $17,850 $1,343,825 $624,779 $719,046
2019 $17,314 $1,317,487 $612,529 $704,958
2018 $16,776 $1,291,666 $600,519 $691,147
2016 $15,248 $1,240,982 $577,201 $663,781
2015 $13,523 $1,085,000 $657,900 $427,100
2014 $12,426 $968,000 $587,000 $381,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV21002254

California Regional Multiple Listing Service (CRMLS)
Your Personal Tour Guide

Ask me questions while you tour the home.