Seller's Agent in 2023
Steven Cheng
RE/MAX
(909) 499-2078
1 in this area
27 Total Sales
2517 E Walnut Creek Pkwy West Covina, CA 91791
Estimated Value: $1,035,000 - $1,186,000
6
Beds
2.5
Baths
1,891
Sq Ft
$602/Sq Ft
Est. Value
Highlights
- Filtered Pool
- Solar Power System
- Property is near a park
- Mesa Elementary School Rated A-
- View of Trees or Woods
- Wood Flooring
About This Home
As of April 2023This charming duplex nestled in the heart of West Covina, California. This property is a fantastic investment opportunity for both owner/users and investors looking to grow their portfolios. Owner occupies the front unit and rents out the second unit; the rental income is good enough to cover the expenses for the entire property.
The front unit features 3 bedrooms and 1.5 bathrooms, while the back unit boasts 3 bedrooms and 1 bathroom. Both units are spacious, with large living rooms and dining areas perfect for entertaining guests. The total living space is 1,891 square feet and the lot size is an ample 7,603 square feet.
Built in 1954, this single-story duplex has been beautifully maintained with professional landscaping and features a sparkling swimming pool situated between the two units. The property is located within walking distance to South Hills High School and is conveniently located near shopping centers, parks, schools, and has easy access to freeways.
This duplex comes with central air conditioning and the current owner occupies the front unit, while the tenant occupies the back unit with under-market rent on a month-to-month basis. The up-to-date solar system save you huge electricity bill for hot summer in California. This presents an opportunity for a new owner to increase rent and maximize their return on investment. The gross scheduled income is estimated to be $63,960 with a CAP rate of 5.10%.
Don't miss out on this once-in-a-lifetime opportunity to own this stunning duplex in the heart of West Covina, with excellent investment potential and better returns than traditional bank accounts or risky stock market investments. This property is a must-see!
Last Agent to Sell the Property
Re/Max Champions License #01262684 Listed on: 03/09/2023
Last Buyer's Agent
Jeannie Madali
REdefine Realty Group License #01503474
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,051
Year Built
- Built in 1954
Lot Details
- 7,603 Sq Ft Lot
- No Common Walls
- South Facing Home
- Brick Fence
- Fence is in average condition
- Landscaped
- Rectangular Lot
- Paved or Partially Paved Lot
- Level Lot
- Front and Back Yard Sprinklers
- Lawn
- Garden
- Back and Front Yard
Parking
- 2 Open Parking Spaces
- 2 Car Garage
- 2 Detached Carport Spaces
- Parking Available
- Driveway
Property Views
- Woods
- Mountain
- Neighborhood
Home Design
- Duplex
- Turnkey
- Brick Exterior Construction
- Raised Foundation
- Slab Foundation
- Fire Rated Drywall
- Tar and Gravel Roof
- Composition Roof
- Pre-Cast Concrete Construction
- Partial Copper Plumbing
- Asphalt
- Plaster
- Stucco
Interior Spaces
- 1,891 Sq Ft Home
- 1-Story Property
- Brick Wall or Ceiling
- Ceiling Fan
- Skylights
- Recessed Lighting
- Double Pane Windows
- Window Screens
- Panel Doors
- Entryway
- Living Room
- Dining Room
- Storage
Kitchen
- Gas Cooktop
- Range Hood
- Warming Drawer
- Dishwasher
- Granite Countertops
- Tile Countertops
Flooring
- Wood
- Laminate
Bedrooms and Bathrooms
- 6 Main Level Bedrooms
- Remodeled Bathroom
- Bathtub
- Walk-in Shower
Laundry
- Laundry Room
- Laundry in Carport
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Eco-Friendly Details
- Solar Power System
- Stand-alone solar
- Solar Heating System
Pool
- Filtered Pool
- In Ground Pool
Location
- Property is near a park
- Property is near public transit
Schools
- Mesa Elementary School
- Siera Vista Middle School
- South Hills High School
Utilities
- Central Heating and Cooling System
- Gas Water Heater
- Central Water Heater
- Sewer Paid
- Phone Available
- Cable TV Available
Additional Features
- Doors swing in
- Exterior Lighting
Listing and Financial Details
- Tax Lot 62
- Tax Tract Number 19682
- Assessor Parcel Number 8479013019
- $800 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Units
- Mountainous Community
Recreation
- Park
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 9, 2023
Closed on
Mar 17, 2023
Sold by
Granados Salvador Antonio and Granados Eunice Marie
Bought by
Pedraza Robert M
Seller's Agent
Steven Cheng
Re/Max Champions
Buyer's Agent
Jeannie Madali
REdefine Realty Group
List Price
$926,000
Sold Price
$950,000
Premium/Discount to List
$24,000
2.59%
Views
146
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$187,594
Avg. Annual Appreciation
7.57%
Original Mortgage
$550,000
Outstanding Balance
$534,287
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$603,307
Purchase Details
Closed on
Jul 20, 2018
Sold by
Granados Salvador A
Bought by
Granados Savador Antonlo and Granados Eunice Marie
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,000
Interest Rate
4.6%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 7, 2016
Sold by
Granados Eunice M
Bought by
Granados Salvador A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$870,000
Interest Rate
4.73%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage
Purchase Details
Closed on
Aug 4, 1994
Sold by
White Rose E
Bought by
Granados Salvador A and Granados Eunice M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,250
Interest Rate
8.7%
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 |
|---|---|---|---|
| Pedraza Robert M | $950,000 | Ticor Title | |
| Granados Savador Antonlo | -- | Provident Title Company | |
| Granados Salvador A | -- | North American Title | |
| Granados Salvador A | $135,000 | Old Republic Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Pedraza Robert M | $550,000 | |
| Previous Owner | Granados Savador Antonlo | $244,000 | |
| Previous Owner | Granados Salvador A | $870,000 | |
| Previous Owner | Granados Salvador A | $128,250 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per 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)
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 | $12,051 | $988,379 | $678,340 | $310,039 |
| 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
Agents Affiliated with this Home
-
Steven Cheng
-
J
Buyer's Agent in 2023
Jeannie Madali
REdefine Realty Group
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: TR23031244
APN: 8479-013-019
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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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