NOT LISTED FOR SALE

265 E Orlando Way Covina, CA 91723

Covina Area
3 Beds
3 Baths
3,944 Sq Ft
7,801 Sq Ft Lot

Sale Details

Date Sold: August 9, 2012

Last sale price $640,000 $162 Per Sq Ft

69 Days on Market

Highlights

  • No HOA
  • Laundry in Carport
  • Gentle Sloping Lot
  • South Hills High School Rated A-

About This Home

As of August 2012

6 UNITS APARTMENT IN GOOD LOCATION OF COVINA. NICE AND QUITE NEIGHBORHOOD. CLOSE TO SHOPPING, BANK AND EVERYTHINGS. EASY ACCESS TO FREEWAY. RENT ARE BELOW MARKET. MOST TENANT ARE VERY LONG TERM TENANTS. PROPERTY SOLD IN "AS IS" CONDITION. TENANTS ARE NOT AWARE PROPERTY FOR SALE. PLEASE DO NOT TALK TO TENANTS.

Last Agent to Sell the Property

Yvonne Matloff

TSE REALTY & MANAGEMENT SERVIC License #00908463 Listed on: 03/06/2012

Last Buyer's Agent

Kristopher German

Remax Commercial and Investment Realty License #01800021

Remax Commercial and Investment Realty
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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
  • Gentle Sloping Lot

Parking

  • 2 Car Garage
  • 4 Carport Spaces
  • Parking Available
  • Assigned Parking

Home Design

  • 3,944 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Additional Features

  • Laundry in Carport
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 4
  • Tax Tract Number 21709
  • Assessor Parcel Number 8445022012

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $240
  • Insurance Expense $2,400
  • Maintenance Expense $1,800
  • Trash Expense $840
  • Water Sewer Expense $1,200
  • New Taxes Expense $7,800
  • Gross Income $4,875
  • Net Operating Income $43,280

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

7,801 Sq Ft Lot

Parking

2

Listing Details

  • Assessments: No
  • CapRate: 6.60
  • View: No
  • Water Sewer Expenses: 1200.00
  • Property Type: Residential Income
  • Parcel Number: 8445022012
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Price Per Square Foot: 162.27

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 4.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Carport
  • Trash Expense: 840.00
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Features: Gentle Sloping
  • Lot Size Sq Ft: 7801.00
  • Lot Size Acres: 0.1790

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Electric Expense: 240.00
  • Gross Income: 4875.00
  • Gross Scheduled Income: 58500.00
  • Insurance Expense: 2400.00
  • Lot Size Area: 7801.0000 Square Feet
  • Maintenance Expense: 1800.00
  • Net Operating Income: 43280.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 14520.00
  • Rent Control: No
  • Total Actual Rent: 4875.00

Tax Info

  • New Taxes Expense: 7800.00
  • Tax Lot: 4
  • Tax Tract Number: 21709

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
Dec 19, 2018
Sold by
Bradley & D Angelo Llc
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
4.9%
Mortgage Type
Commercial

Purchase Details

Closed on
May 18, 2012
Sold by
Tse Yvonne and Chang Wey Wen
Bought by
Bradley & Dangelo Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Interest Rate
3.62%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 18, 2011
Sold by
Tse Yvonne
Bought by
Tse Timothy

Purchase Details

Closed on
Jul 28, 2011
Sold by
Wei Feng Ying
Bought by
Tse Yvonne

Purchase Details

Closed on
Apr 19, 2011
Sold by
Wei Feng Ying
Bought by
Tse Yvonne

Purchase Details

Closed on
Jun 14, 2007
Sold by
Ortiz Rene
Bought by
Wei Feng Ying

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$532,000
Interest Rate
6.51%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 20, 2005
Sold by
Ortiz Rene
Bought by
Ortiz Rene

Purchase Details

Closed on
Jul 8, 2005
Sold by
Kolker Rose B
Bought by
Ortiz Rene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$742,000
Interest Rate
5.51%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$552,500 Old Republic Title Company
Bradley & Dangelo Llc $640,000 Advantage Title Inc
Tse Timothy -- Accommodation
Tse Yvonne -- Accommodation
Tse Yvonne -- Accommodation
Wei Feng Ying $760,000 Fidelity National Title
Ortiz Rene -- --
Ortiz Rene $742,000 Fatcola
Ortiz Rene -- First American 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 $547,000
Closed A & J Bradley Llc $550,000
Previous Owner Bradley & Dangelo Llc $440,000
Previous Owner Bradley & Dangelo Llc $405,000
Previous Owner Wei Feng Ying $532,000
Previous Owner Ortiz Rene $513,000
Previous Owner Ortiz Rene $742,000
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
08/09/2012 08/09/12 Sold $640,000 -10.5% $162 / Sq Ft
05/14/2012 05/14/12 Pending -- -- --
03/06/2012 03/06/12 For Sale $715,000 -- $181 / 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 $11,952 $803,864 $502,419 $301,445
2025 $11,952 $788,103 $492,568 $295,535
2024 $11,340 $772,651 $482,910 $289,741
2023 $11,193 $757,502 $473,442 $284,060
2022 $11,058 $742,650 $464,159 $278,491
2021 $10,899 $728,089 $455,058 $273,031
2020 $15,966 $1,163,490 $816,000 $347,490
2019 $15,829 $1,140,690 $800,000 $340,690
2018 $10,222 $693,333 $432,903 $260,430
2016 $9,633 $665,749 $416,094 $249,655
2015 $9,373 $655,749 $409,844 $245,905
2014 $9,269 $642,905 $401,816 $241,089
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: W12030288

California Regional Multiple Listing Service (CRMLS)
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