$1,199,000

2517 E Walnut Creek Pkwy West Covina, CA 91791

Estimated payment $7,716/month

Total Views 8,926
6 Beds
3 Baths
1,891 Sq Ft
$634 Price per Sq Ft

Highlights

  • In Ground Pool
  • No Units Above
  • Property is near a park
  • Mesa Elementary School Rated A-
  • Solar Power System
  • Wood Flooring

About This Home

Fantastic Investment Opportunity in the Heart of West Covina! Welcome to 2517 E Walnut Creek Pkwy, a rare single-story duplex offering comfort, convenience, and excellent income potential. Perfectly situated in a desirable West Covina neighborhood, this well-maintained property features two spacious units—each with 3 bedrooms—ideal for multi-generational living or rental income.The front unit offers 3 bedrooms and 1.5 baths, while the rear unit includes 3 bedrooms and 1 full bath. Both residences boast central air conditioning, covered patios perfect for relaxing or entertaining, and access to a sparkling, centrally located pool that creates a private oasis between the two homes. Beautifully maintained landscaping, up-to-date solar system to minimize electric bills, shared laundry room adds practicality and convenience, and the layout offers both privacy and a sense of community. With its prime location near schools, shopping, dining, and major freeways, this property is a rare find.Don't miss out on this versatile and attractive investment opportunity in one of West Covina’s most sought-after neighborhoods!

Last Listed By

Jeannie Madali

REdefine Realty Group Brokerage Phone: 951-768-3845 License #01503474 Listed on: 05/26/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,051

Year Built

  • Built in 1954

Lot Details

  • 7,605 Sq Ft Lot
  • No Units Above
  • Two or More Common Walls
  • Block Wall Fence
  • Landscaped
  • Sprinkler System
  • Private Yard
  • Lawn
  • Back and Front Yard
  • On-Hand Building Permits

Home Design

  • Duplex
  • Additions or Alterations
  • Cosmetic Repairs Needed
  • Partial Copper Plumbing

Interior Spaces

  • 1,891 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Recessed Lighting
  • Blinds
  • Living Room
  • Storage

Kitchen

  • Galley Kitchen
  • Gas Oven
  • Gas Range
  • Free-Standing Range
  • Dishwasher
  • Granite Countertops
  • Tile Countertops
  • Disposal

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Mirrored Closets Doors
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Carport
  • Dryer
  • Washer
  • 220 Volts In Laundry

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 3 Open Parking Spaces
  • 4 Parking Spaces
  • 1 Attached Carport Space
  • Parking Available
  • Driveway

Pool

  • In Ground Pool
  • Fence Around Pool

Outdoor Features

  • Exterior Lighting
  • Outdoor Storage

Location

  • Property is near a park
  • Suburban Location

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Gas Water Heater
  • Phone Available
  • Cable TV Available

Additional Features

  • Solar Power System
  • Two Homes on a Lot

Listing and Financial Details

  • Tax Lot 62
  • Tax Tract Number 19682
  • Assessor Parcel Number 8479013019
  • $810 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Amenities

  • Laundry Facilities

Recreation

  • Park

Building Details

  • 2 Leased Units
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Fuel Expense $1,051
  • Gardener Expense $1,080
  • Insurance Expense $1,389
  • Other Expense $156
  • Pool Expense $1,560
  • Professional Management Expense $5,006
  • Supplies Expense $180
  • Water Sewer Expense $3,281
  • New Taxes Expense $10,670
  • Operating Expense $13,703
  • Gross Income $71,520
  • Net Operating Income $47,147

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,051

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 4.96
  • Price Per Unit: 599500
  • Professional Management Expense: 5006.40
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Supplies Expense: 180.00
  • View: No
  • Water Sewer Expenses: 3281.00
  • Zoning: WCR1*
  • Property Condition: Additions/Alterations, Building Permit, Repairs Cosmetic
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 1080.00
  • Parcel Number: 8479013019
  • Year Built: 1954
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Copper Plumbing Partial, Granite Counters, Pantry, Recessed Lighting, Storage, Tile Counters
  • Stories: 1
  • Entry Location: 1
  • Common Walls: 2+ Common Walls, No One Above
  • Flooring: Laminate, Wood
  • Appliances: Yes
  • Door Features: Mirror Closet Door(s)
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 634.06
  • Room Type: All Bedrooms Down, Galley Kitchen, Kitchen, Laundry, Living Room, Main Floor Bedroom
  • Window Features: Blinds

Exterior Features

  • Other Structures: Storage, Two On A Lot
  • Fence: Yes
  • Fencing: Block
  • Pool Expense: 1560.00
  • Pool Features: Private, Fenced, In Ground
  • Pool Private: Yes
  • Spa: No

Garage/Parking

  • Carport Spaces: 1.00
  • Parking: Yes
  • Parking Features: Attached Carport, Covered, Driveway
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range, Disposal, Gas Oven, Gas Range, Gas Water Heater, Water Heater
  • Electric: 220 Volts in Laundry
  • Heating Type: Central
  • Laundry Features: Common Area, Dryer Included, In Carport, Individual Room, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Park, Sidewalks, Street Lights, Suburban

Green Features

  • Green Power: Solar

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Landscaped, Lawn, Park Nearby, Sprinkler System, Yard
  • Lot Size Sq Ft: 7605.00
  • Lot Size Acres: 0.1746
  • Latitude Manual: 34.06984400

Rental Info

  • Tenant Pays: Electricity, Trash Collection

Multi Family

  • Fuel Expense: 1051.00
  • Gross Income: 71520.00
  • Gross Scheduled Income: 71520.00
  • Insurance Expense: 1388.80
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 7605.0000 Square Feet
  • Net Operating Income: 47146.81
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Operating Expense: 24373.10
  • Other Expense: 155.99
  • Other Expense Description: Solar
  • Rent Control: No
  • Total Actual Rent: 5960.00
  • Total Expenses: 13703.19

Tax Info

  • New Taxes Expense: 10670.00
  • Tax Census Tract: 4064.13
  • Tax Lot: 62
  • Tax Tract Number: 19682
  • TaxOtherAnnualAssessmentAmount: 810.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
2024 $12,051 $969,000 $665,040 $303,960
2023 $3,266 $217,918 $128,655 $89,263
2022 $3,223 $213,646 $126,133 $87,513
2021 $3,168 $209,458 $123,660 $85,798
2020 $3,121 $207,312 $122,393 $84,919
2019 $3,081 $203,248 $119,994 $83,254
2018 $2,845 $199,264 $117,642 $81,622
2016 $2,637 $191,528 $113,075 $78,453
2015 $2,588 $188,652 $111,377 $77,275
2014 $2,565 $184,958 $109,196 $75,762
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/26/2025 05/26/25 For Sale $1,199,000 +26.2% $634 / Sq Ft
04/14/2023 04/14/23 Sold $950,000 +2.6% $502 / Sq Ft
03/16/2023 03/16/23 Pending -- -- --
03/09/2023 03/09/23 For Sale $926,000 -- $490 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed $950,000 Ticor Title
Interfamily Deed Transfer -- Provident Title Company
Interfamily Deed Transfer -- North American Title
Grant Deed $135,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $550,000 New Conventional
Previous Owner $244,000 New Conventional
Previous Owner $870,000 Reverse Mortgage Home Equity Conversion Mortgage
Previous Owner $196,000 Credit Line Revolving
Previous Owner $150,000 Stand Alone First
Previous Owner $128,000 Stand Alone First
Previous Owner $128,250 No Value Available
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG25099017

California Regional Multiple Listing Service (CRMLS)

APN: 8479-013-019