NOT LISTED FOR SALE

268 E Navilla Place Covina, CA 91723

9 Beds
6 Baths
5,634 Sq Ft
8,128 Sq Ft Lot

Last Sold January 25, 2019

Last sale price $1,475,000 $262 Per Sq Ft

7 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • Laundry Room
  • South Hills High School Rated A-
  • Cooling System Mounted To A Wall/Window
  • Landscaped

About This Home

As of January 2019

Great opportunity for an investor. This is a 6 unit building fully occupied. It's on a corner lot with 2 garages, 6 carports, and 2 outside spaces. There is a community laundry room. Nice courtyard area used as common area. Close to shopping, downtown area and all bus lines. In desirable school district. All current rents are below market allowing investor to increase the overall gross income of the subject property.

Last Agent to Sell the Property

Donna Dance

ROYAL HOMES & LOANS License #01079262 Listed on: 12/17/2018

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 8,128 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped
  • Corner Lot

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage
  • 6 Carport Spaces
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached

Interior Spaces

  • 5,634 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 7
  • Tax Tract Number 24044
  • Assessor Parcel Number 8445027020

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • 6 Leased Units
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $480
  • Fuel Expense $324
  • Gardener Expense $1,800
  • Insurance Expense $3,000
  • Pest Control $360
  • Professional Management Expense $7,417
  • Trash Expense $1,891
  • Water Sewer Expense $2,550
  • New Taxes Expense $18,750
  • Operating Expense $36,671
  • Gross Income $88,300
  • Net Operating Income $50,929

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • CapRate: 3.00
  • Professional Management Expense: 7417.00
  • Property Attached: Yes
  • Water Sewer Expenses: 2550.00
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 8445027020
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 261.80

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 6.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Pest Control Expense: 360.00
  • Sewer: Public Sewer
  • Trash Expense: 1891.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Landscaped
  • Lot Size Sq Ft: 8128.00
  • Lot Size Acres: 0.1866

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 480.00
  • Fuel Expense: 324.00
  • Gross Income: 88300.00
  • Gross Scheduled Income: 87600.00
  • Insurance Expense: 3000.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 700.00
  • Lot Size Area: 8128.0000 Square Feet
  • Net Operating Income: 50929.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Number Wall A C: 6
  • Number With Disposal: 6
  • Number With Range: 6
  • Operating Expense: 36671.00
  • Rent Control: No
  • Total Actual Rent: 7300.00
  • Total Expenses: 36671.00

Tax Info

  • New Taxes Expense: 18750.00
  • Tax Lot: 7
  • Tax Tract Number: 24044

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/25/2019 01/25/19 Sold $1,475,000 -1.7% $262 / Sq Ft
12/24/2018 12/24/18 Pending -- -- --
12/17/2018 12/17/18 For Sale $1,500,000 -- $266 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Donna Dance

    Seller's Agent in 2019

    Donna Dance

    ROYAL HOMES & LOANS

    (626) 915-8031

    6 in this area

    36 Total Sales

    Donna Dance
    Section Image

  • N

    Buyer's Agent in 2019

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    6 in this area

    5,976 Total Sales

    NoEmail NoEmail
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV18281535

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Covina 91723

268 E Navilla Place, Covina, CA

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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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