J
Seller's Agent in 2024
Jackson Jorgensen
Younglewin Advisors, Inc.
(562) 318-0215
1 in this area
13 Total Sales
2425 S Ridgewood Dr West Covina, CA 91792
Woodside NeighborhoodEstimated Value: $1,550,000 - $1,801,000
9
Beds
6
Baths
4,050
Sq Ft
$412/Sq Ft
Est. Value
Highlights
- Community Pool
- Foothills
- Gentle Sloping Lot
- Laundry Room
About This Home
As of April 2024We are pleased to present 2425 S Ridgewood Dr, a four unit property located in West Covina, CA to market. This pride of ownership asset has been completely replumbed with copper throughout and lies in an exclusive community where tenants have access to a community pool. The property consists of one 3 bed/2 bath unit and three 2 bed/2 bath units. In addition each unit has its own washer/dryer hookup. There are four single car garages and one double car garage on the property and is separately metered for electric and gas. Rents are currently 40% below market rate allowing a new investor substantial upside in future income. Ridgewood Drive presents an opportunity for an investor to get into a well maintained building in a market where only a handful of buildings sell each year.
Last Agent to Sell the Property
Younglewin Advisors, Inc. Brokerage Email: jackjorgs@gmail.com License #02022727 Listed on: 03/26/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,405
Year Built
- Built in 1978
Lot Details
- 10,082 Sq Ft Lot
- Two or More Common Walls
- Gentle Sloping Lot
Parking
- 6 Car Garage
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 4,050 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 9 Bedrooms
- 6 Bathrooms
Laundry
- Laundry Room
- Washer and Electric Dryer Hookup
Listing and Financial Details
- Tax Lot 20
- Tax Tract Number 32339
- Assessor Parcel Number 8735010022
- $2,967 per year additional tax assessments
Community Details
Overview
- Property has a Home Owners Association
- 4 Units
- Foothills
Recreation
- Community Pool
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $2,632
- Trash Expense $600
- Water Sewer Expense $3,400
- Operating Expense $32,991
- Gross Income $88,428
- Net Operating Income $52,864
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 21, 2024
Sold by
Felix Venancio and Felix Lorenza
Bought by
Felix Contreras Family Trust and Felix
Current Estimated Value
Purchase Details
Listed on
Mar 26, 2024
Closed on
Apr 23, 2024
Sold by
Viramontes Ramiro and Viramontes Veronica Jaquez
Bought by
Felix Venancio and Felix Lorenza C
Seller's Agent
Jackson Jorgensen
Younglewin Advisors, Inc.
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$1,550,000
Sold Price
$1,560,000
Premium/Discount to List
$10,000
0.65%
Views
26
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.67%
Purchase Details
Closed on
May 20, 2020
Sold by
Figueroa Leticia and Viramontes Ramiro
Bought by
Viramontes Ramiro and Viramontes Veronica Jaquez
Purchase Details
Closed on
Jan 16, 2019
Sold by
Figueroa Leticia and The Ramiro S Viramontes Separa
Bought by
Figueroa Leticia and Viramontes Ramiro
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Felix Contreras Family Trust | -- | None Listed On Document | |
| Felix Venancio | $1,560,000 | Ticor Title | |
| Viramontes Ramiro | -- | None Available | |
| Figueroa Leticia | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Viramontes Ramiro | $899,500 | |
| Previous Owner | Viramontes Ramiro | $900,900 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/30/2024 04/30/24 | Sold | $1,560,000 | +0.6% | $385 / Sq Ft |
| 03/26/2024 03/26/24 | For Sale | $1,550,000 | -- | $383 / 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 | $15,405 | $1,591,200 | $1,020,000 | $571,200 |
| 2024 | $15,405 | $1,055,147 | $571,801 | $483,346 |
| 2023 | $14,944 | $1,034,459 | $560,590 | $473,869 |
| 2022 | $13,505 | $1,014,177 | $549,599 | $464,578 |
| 2021 | $13,288 | $994,292 | $538,823 | $455,469 |
| 2020 | $6,577 | $419,490 | $209,745 | $209,745 |
| 2019 | $6,463 | $411,266 | $205,633 | $205,633 |
| 2018 | $6,151 | $403,202 | $201,601 | $201,601 |
| 2016 | $5,811 | $387,548 | $193,774 | $193,774 |
| 2015 | $5,763 | $381,728 | $190,864 | $190,864 |
| 2014 | $5,766 | $374,252 | $187,126 | $187,126 |
Source: Public Records
Agents Affiliated with this Home
-
Jackson Jorgensen
-
NoEmail NoEmail
N
Buyer's Agent in 2024
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
5 in this area
5,885 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24060461
APN: 8735-010-022
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.
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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