NOT LISTED FOR SALE

268 E Navilla Place Covina, CA 91723

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

Sale Details

Date Sold: January 25, 2019

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

7 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • Laundry Facilities
  • South Hills High School Rated A-
  • Landscaped
  • Wall Furnace

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

General NONMEMBER

NONMEMBER MRML

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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

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

8,128 Sq Ft Lot

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 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

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

Listed on
Dec 17, 2018
Closed on
Jan 3, 2019
Sold by
Borkman Real Estaet Investors Llc
Bought by
Seller's Agent
Donna Dance
ROYAL HOMES & LOANS
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$1,500,000
Sold Price
$1,475,000
Premium/Discount to List
-$25,000
-1.67%

Purchase Details

Closed on
May 26, 2009
Sold by
Borkman Charles Edward and Borkman Alan Keith
Bought by
Borkman Real Estate Investors Llc

Purchase Details

Closed on
Dec 2, 2008
Sold by
Borkman Charles Edward and Lillian F Borkman Trust
Bought by
Borkman Charles Edward and Borkman Alan Keith
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
$1,475,000 Ticor Title
Borkman Real Estate Investors Llc -- None Available
Borkman Charles Edward -- None Available
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
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

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 $22,286 $1,678,292 $682,695 $995,597
2025 $22,286 $1,645,385 $669,309 $976,076
2024 $21,205 $1,613,124 $656,186 $956,938
2023 $20,913 $1,581,495 $643,320 $938,175
2022 $20,649 $1,550,486 $630,706 $919,780
2021 $20,348 $1,520,086 $618,340 $901,746
2019 $15,078 $183,885 $37,113 $146,772
2018 $4,333 $180,285 $36,386 $143,899
2016 $4,022 $173,094 $34,974 $138,120
2015 $3,933 $170,495 $34,449 $136,046
2014 $3,921 $167,157 $33,775 $133,382
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV18281535

California Regional Multiple Listing Service (CRMLS)
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