NOT LISTED FOR SALE

228 E Puente St Covina, CA 91723

Estimated Value: $905,000 - $1,018,000

4 Beds
2 Baths
2,177 Sq Ft
$434/Sq Ft Est. Value

Last Sold March 20, 2025

Last sale price $910,000 $418 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $5,772/month

9 Days on Market

Highlights

  • No HOA
  • Fireplace
  • Central Heating and Cooling System
  • South Hills High School Rated A-
  • Laundry Room
  • 1-Story Property

About This Home

As of March 2025

Great investment or owner occupied property in Covina! Two units located in a fine neighborhood. Each unit is 2 bed 1 bath, private yards and 3 car garage, close proximity to schools, shopping transportation, metrolink and library.... Long time tenants and rents are low. Rents are $1900 and $1800/ month. Central heat and air in rear unit with beautiful fire place and den. Front unit has a patio. New window, new plumbing, Three car garage might be used for an ADU or built an ADU in back yard.. This super investment property will not last on this market!

Last Agent to Sell the Property

'Vic' Vartan Markarian

Markarian Realty Brokerage Email: MarkarianRealty@gmail.com License #01059771 Listed on: 02/17/2025

Last Buyer's Agent

Minerva Corral

CORRAL INVESTMENTS & REALTY License #01041781

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 7,793 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 2,177 Sq Ft Home
  • 1-Story Property
  • Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 3 / 14
  • Tax Tract Number 19876
  • Assessor Parcel Number 8445022025
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • Trash Expense $1,200
  • Water Sewer Expense $1,100
  • Operating Expense $11,000
  • Gross Income $44,400
  • Net Operating Income $33,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Parking

3

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1100.00
  • Zoning: CVR3-RD3000*
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 8445022025
  • Year Built: 1958
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 418.01

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Other
  • Trash Expense: 1200.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7793.00
  • Lot Size Acres: 0.1789

Multi Family

  • Gross Income: 44400.00
  • Gross Scheduled Income: 44400.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 7793.0000 Square Feet
  • Net Operating Income: 33400.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 11000.00
  • Rent Control: No
  • Total Expenses: 11000.00

Tax Info

  • Tax Block: 14
  • Tax Census Tract: 4061.03
  • Tax Lot: 3
  • Tax Tract Number: 19876

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 17, 2025
Closed on
Mar 4, 2025
Sold by
Nazar And Lisa Nercessian 2021 Trust Pur and Nercessian Nazar A
Bought by
Corral Family Trust and Corral
Seller's Agent
'Vic' Vartan Markarian
Markarian Realty
Buyer's Agent
Minerva Corral
CORRAL INVESTMENTS & REALTY
List Price
$899,999
Sold Price
$910,000
Premium/Discount to List
$10,001
1.11%
Views
26
Current Estimated Value
$944,451

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,451
Avg. Annual Appreciation
4.47%
Original Mortgage
$510,000
Outstanding Balance
$506,958
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$437,493

Purchase Details

Listed on
Aug 12, 2020
Closed on
Aug 25, 2020
Sold by
Tmt Resources Ltd Llc
Bought by
Nercessian Nazar and Nercessian Lisa
Seller's Agent
Steve McIntosh
MC INTOSH REALTY
Buyer's Agent
Martin Alvandi
Prime 1 Estates, Inc
List Price
$670,000
Sold Price
$671,000
Premium/Discount to List
$1,000
0.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.09%
Original Mortgage
$469,700
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 12, 2020
Closed on
Aug 17, 2020
Sold by
Coleman Tina and De Philips Peter
Bought by
Tmt Resources Ltd Llc
Seller's Agent
Steve McIntosh
MC INTOSH REALTY
Buyer's Agent
Martin Alvandi
Prime 1 Estates, Inc
List Price
$670,000
Sold Price
$671,000
Premium/Discount to List
$1,000
0.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$469,700
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 23, 2007
Sold by
Dephilips Pete
Bought by
Dephilips Pete and The Pete De Philips Living Trust

Purchase Details

Closed on
Dec 29, 2006
Sold by
Dephilips Pete and Pauline De Graziano Living Tru
Bought by
Dephilips Pete
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Corral Family Trust $910,000 Lawyers Title Company
Nercessian Nazar $671,000 Ticor Title
Tmt Resources Ltd Llc -- Ticor Title Company Of Ca
Coleman Tina -- Ticor Title Company Of Ca
Dephilips Pete -- None Available
Dephilips Pete -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Corral Family Trust $510,000
Previous Owner Nercessian Nazar $469,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/20/2025 03/20/25 Sold $910,000 +1.1% $418 / Sq Ft
02/17/2025 02/17/25 For Sale $899,999 +34.1% $413 / Sq Ft
10/09/2020 10/09/20 Sold $671,000 +0.1% $308 / Sq Ft View Prior Sale
08/22/2020 08/22/20 Pending -- -- --
08/16/2020 08/16/20 For Sale $670,000 -0.1% $308 / Sq Ft
08/16/2020 08/16/20 Off Market $671,000 -- --
08/12/2020 08/12/20 For Sale $670,000 -- $308 / 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 $9,109 $726,310 $465,445 $260,865
2024 $9,109 $712,069 $456,319 $255,750
2023 $8,979 $698,108 $447,372 $250,736
2022 $8,863 $684,420 $438,600 $245,820
2021 $8,733 $671,000 $430,000 $241,000
2019 $4,134 $280,000 $140,000 $140,000
2018 $3,877 $274,510 $137,255 $137,255
2016 $3,657 $263,852 $131,926 $131,926
2015 $3,556 $259,890 $129,945 $129,945
2014 $3,516 $254,800 $127,400 $127,400
Source: Public Records

Agents Affiliated with this Home

  • 'Vic' Vartan Markarian

    Seller's Agent in 2025

    'Vic' Vartan Markarian

    Markarian Realty

    (818) 248-8668

    1 in this area

    117 Total Sales

    'Vic' Vartan Markarian
    Section Image
  • Minerva Corral

    Buyer's Agent in 2025

    Minerva Corral

    CORRAL INVESTMENTS & REALTY

    (626) 974-8223

    2 in this area

    29 Total Sales

    Minerva Corral
    Section Image

  • S

    Seller's Agent in 2020

    Steve McIntosh

    MC INTOSH REALTY

    (626) 966-7456

    3 in this area

    11 Total Sales

    Steve McIntosh
    Section Image

  • M

    Buyer's Agent in 2020

    Martin Alvandi

    Prime 1 Estates, Inc

    (818) 447-8628

    32 Total Sales

    Martin Alvandi
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: GD25031861

California Regional Multiple Listing Service (CRMLS)

APN: 8445-022-025

California Los Angeles County Covina 91723

228 E Puente St, Covina, CA

Not Listed for Sale

MultiFamily

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