Linda Ojeda
Luxury Collective
(424) 372-0165
110 Total Sales
5 in Covina
$720K - $883K Price Range
247 E Orlando Way Covina, CA 91723
Covina Area
10
Beds
8
Baths
4,830
Sq Ft
7,801
Sq Ft Lot
Highlights
- Laundry Facilities
- South Hills High School Rated A-
- Front Yard
About This Home
As of December 2022Incredible opportunity to acquire a multi-family investment property in the highly desirable area of Covina. Very well-maintained, owned by the same owner since 1972! This property is composed of seven units, one of the units features three-bedrooms, two-bathrooms, inside laundry room and a backyard. Another unit features two-bedrooms, one-bathroom, and the rest are one-bedroom, 1-bathroom. Other features include seven carport spaces, all new windows, all around flood lighting, new exterior paint, and newly refinished wood flooring in four of the units. The property is conveniently located near the Eastland Shopping Center, IKEA, and the 10 Freeway! Rents are scheduled to go up as of March 2023, which will make cap rate to be 5.02%. Buyer to complete their own due diligence in regards to all aspects of the property, including income, expenses and potential rents.
Last Agent to Sell the Property
CENTURY 21 MASTERS License #00914322 Listed on: 10/20/2022
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1957
Lot Details
- 7,801 Sq Ft Lot
- No Common Walls
- Front Yard
Home Design
- 4,830 Sq Ft Home
Bedrooms and Bathrooms
- 10 Bedrooms
- 8 Bathrooms
Parking
- 7 Parking Spaces
- 7 Carport Spaces
Additional Features
- Exterior Lighting
- Septic Type Unknown
Listing and Financial Details
- Tax Lot 2
- Tax Tract Number 21709
- Assessor Parcel Number 8445022010
Community Details
Building Details
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $564
- Fuel Expense $432
- Gardener Expense $1,200
- Insurance Expense $2,076
- Maintenance Expense $2,496
- Pest Control $660
- Trash Expense $3,156
- Water Sewer Expense $2,340
- New Taxes Expense $22,800
- Operating Expense $35,724
- Gross Income $82,884
- Net Operating Income $82,884
Additional Features
- 7 Units
- Laundry Facilities
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
Sep 15, 2024
Sold by
Tao Hang
Bought by
Purchase Details
Listed on
Oct 20, 2022
Closed on
Dec 2, 2022
Sold by
Rudolph And Helene M Berteaux Family Tru
Bought by
Tao Hang
Seller's Agent
The Mark and Al Team
CENTURY 21 MASTERS
Buyer's Agent
HANG TAO
Pacific Sterling Realty/San Gabriel
List Price
$1,900,000
Sold Price
$1,818,150
Premium/Discount to List
-$81,850
-4.31%
Views
22
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$875,000
Interest Rate
6.61%
Mortgage Type
New Conventional
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Covina, CA
-
Linda Ojeda
-
Rodrigo Suerte Felipe
Rodrigo Suerte Felipe
eXp Realty of California Inc
(661) 592-1144
76 Total Sales
1 in Covina
$1,025,000 Price
-
Nicola Speranta
Nicola Speranta
Compass
(323) 310-3215
99 Total Sales
4 in Covina
$540K - $1.5M Price Range
-
OMAR MAYORGA
OMAR MAYORGA
RE/MAX MASTERS REALTY
(909) 479-2713
55 Total Sales
3 in Covina
$785K - $1.1M Price Range
-
Ivan Rodriguez
Ivan Rodriguez
ACTION MOBILE HOMES
(909) 490-3539
82 Total Sales
9 in Covina
$55K - $180K Price Range
-
Lawrence Renteria
Lawrence Renteria
Re/Max Top Producers
(909) 378-9971
32 Total Sales
1 in Covina
$635,000 Price
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 Listed On Document | ||
| Tao Hang | $1,818,500 | Chicago 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 |
|---|---|---|---|
| Open | $300,000 | ||
| Open | Tao Family Trust | $600,000 | |
| Closed | Tao Hang | $875,000 |
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 |
|---|---|---|---|---|
| 12/28/2022 12/28/22 | Sold | $1,818,150 | -4.3% | $376 / Sq Ft |
| 11/10/2022 11/10/22 | Pending | -- | -- | -- |
| 10/20/2022 10/20/22 | For Sale | $1,900,000 | -- | $393 / 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 |
|---|---|---|---|---|
| 2026 | $25,309 | $1,929,275 | $1,485,691 | $443,584 |
| 2025 | $25,309 | $1,891,447 | $1,456,560 | $434,887 |
| 2024 | $24,182 | $1,854,360 | $1,428,000 | $426,360 |
| 2023 | $23,846 | $1,818,000 | $1,400,000 | $418,000 |
| 2022 | $4,608 | $166,971 | $36,465 | $130,506 |
| 2021 | $4,531 | $163,698 | $35,750 | $127,948 |
| 2019 | $4,463 | $159,695 | $34,691 | $125,004 |
| 2018 | $4,246 | $156,581 | $34,011 | $122,570 |
| 2016 | $3,950 | $149,687 | $32,692 | $116,995 |
| 2015 | $3,863 | $147,439 | $32,201 | $115,238 |
| 2014 | $3,858 | $144,552 | $31,571 | $112,981 |
Source: Public Records
Agents Affiliated with this Home
-
The Mark and Al Team
Seller's Agent in 2022
The Mark and Al Team
CENTURY 21 MASTERS
(626) 335-6000
305 Total Sales
-
HANG TAO
HT
Buyer's Agent in 2022
HANG TAO
Pacific Sterling Realty/San Gabriel
(626) 662-7168
7 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV22225462
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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