Seller's Agent in 2017
Kristopher German
RE/MAX
(909) 645-0443
129 Total Sales
275 E Orlando Way Covina, CA 91723
Covina Area
3
Beds
3
Baths
3,944
Sq Ft
8,007
Sq Ft Lot
About This Home
As of October 2017We are pleased to exclusively offer for sale this 6 unit investment property located in the highly desirable rental community of the city of Covina. The current owner has made a number of improvements to the subject property such as new vinyl windows, updated kitchens, updated bathrooms, and new flooring where needed. Tenants enjoy onsite covered parking as well as an onsite laundry facility. The subject property is separately metered for electricity and gas while the owner pays for water and trash. The current rental rates are well below market levels, thus providing a new investor the opportunity to substantially increase the overall gross income of the subject property. Tenants are long term, the property has been well maintained, and the location is grade A, making this a lucrative investment for the next investor.
Last Agent to Sell the Property
RE/MAX 2000 REALTY License #01800021 Listed on: 06/21/2017
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1957
Lot Details
- 8,007 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Parking
- 2 Car Garage
Home Design
- 3,944 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Laundry
- Laundry in unit
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 5
- Tax Tract Number 19876
- Assessor Parcel Number 8445022013
Community Details
Building Details
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $500
- Fuel Expense $300
- Insurance Expense $1,578
- Maintenance Expense $5,630
- Other Expense $900
- Trash Expense $1,260
- Water Sewer Expense $1,620
- New Taxes Expense $12,398
- Operating Expense $24,186
- Gross Income $81,720
- Net Operating Income $56,247
Additional Features
- 6 Units
- Laundry Facilities
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
Mar 4, 2025
Sold by
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
$1,100,000
Interest Rate
0.0687%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jun 21, 2017
Closed on
Oct 3, 2017
Sold by
Bought by
Seller's Agent
Kristopher German
RE/MAX 2000 REALTY
Buyer's Agent
Kristopher German
RE/MAX 2000 REALTY
List Price
$1,075,000
Sold Price
$1,125,000
Premium/Discount to List
$50,000
4.65%
Purchase Details
Closed on
Dec 9, 2006
Sold by
Bought by
Purchase Details
Closed on
Jul 1, 2005
Sold by
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
$475,000
Interest Rate
0.0555%
Mortgage Type
Commercial
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| $1,815,000 | Chicago Title Company | ||
| $1,125,000 | Fidelity National Title Co | ||
| -- | None Available | ||
| $750,000 | Fatcola |
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 | $1,100,000 | ||
| Previous Owner | $790,000 | ||
| Previous Owner | $475,000 |
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 |
|---|---|---|---|---|
| 10/17/2017 10/17/17 | Sold | $1,125,000 | 0.0% | $285 / Sq Ft |
| 06/29/2017 06/29/17 | Pending | -- | -- | -- |
| 06/29/2017 06/29/17 | Off Market | $1,125,000 | -- | -- |
| 06/21/2017 06/21/17 | For Sale | $1,075,000 | -- | $273 / 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 |
|---|---|---|---|---|
| 2025 | $17,831 | $1,280,054 | $933,018 | $347,036 |
| 2024 | $17,039 | $1,254,956 | $914,724 | $340,232 |
| 2023 | $16,699 | $1,230,350 | $896,789 | $333,561 |
| 2022 | $16,491 | $1,206,226 | $879,205 | $327,021 |
| 2021 | $16,258 | $1,182,575 | $861,966 | $320,609 |
| 2019 | $15,917 | $1,147,950 | $836,400 | $311,550 |
| 2018 | $15,269 | $1,125,450 | $820,000 | $305,450 |
| 2016 | $11,940 | $865,800 | $519,481 | $346,319 |
| 2015 | $11,610 | $852,795 | $511,678 | $341,117 |
| 2014 | $10,147 | $720,000 | $432,000 | $288,000 |
Source: Public Records
Agents Affiliated with this Home
-
Kristopher German
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV17140462
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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