NOT LISTED FOR SALE

2934 E Garvey Ave S Unit 247 West Covina, CA 91791

Estimated Value: $25,851,682

-- Bed
-- Bath
181,510 Sq Ft
$142/Sq Ft Est. Value

About This Home

This home is located at 2934 E Garvey Ave S Unit 247, West Covina, CA 91791 and is currently estimated at $25,851,682, approximately $142 per square foot. 2934 E Garvey Ave S Unit 247 is a home located in Los Angeles County with nearby schools including Mesa Elementary School, South Hills High School, and Christ Lutheran School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 31, 2023
Sold by
Garvey Ave South Llc
Bought by
Options For Learning
Current Estimated Value
$25,851,682

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$16,650,000
Outstanding Balance
$16,158,608
Interest Rate
6.27%
Mortgage Type
New Conventional
Estimated Equity
$10,033,105

Purchase Details

Closed on
Mar 8, 2015
Sold by
Raha Investments Llc
Bought by
Garvey Avenue South Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,500,000
Interest Rate
3.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 9, 2014
Sold by
Raha Investments Llc
Bought by
Raha Investments Llc and Japrrss Family Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
4.07%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 28, 2014
Sold by
The Best Union Llc
Bought by
Raha Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,987,500
Interest Rate
4.32%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 1, 2012
Sold by
Ckl Investment Corporation
Bought by
The Best Union Llc

Purchase Details

Closed on
Feb 2, 2004
Sold by
West Covina Office Building Llc
Bought by
C K L Investment Corp and The Best Union Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.61%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 26, 1998
Sold by
Chen Joseph Yu Chi and Chen Sandui Hui
Bought by
West Covina Office Building Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,080,000
Interest Rate
6.93%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Options For Learning $22,200,000 Chicago Title Company
Garvey Avenue South Llc $8,250,000 Title 365
Raha Investments Llc -- None Available
Raha Investments Llc $7,125,000 Commonwealth Land Title Ins
The Best Union Llc $3,500,035 Accommodation
C K L Investment Corp -- Ort
West Covina Office Building Llc -- Investors Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Options For Learning $16,650,000
Previous Owner Garvey Avenue South Llc $15,500,000
Previous Owner Garvey Avenue South Llc $0
Previous Owner Garvey Avenue South Llc $10,916,000
Previous Owner Garvey Avenue South Llc $6,500,000
Previous Owner Raha Investments Llc $1,000,000
Previous Owner Raha Investments Llc $4,987,500
Previous Owner C K L Investment Corp $0
Previous Owner Ckl Investment Corp $600,000
Previous Owner C K L Investment Corp $500,000
Previous Owner C K L Investment Corp $7,150,000
Previous Owner West Covina Office Building Llc $750,000
Previous Owner West Covina Office Building Llc $348,000
Previous Owner West Covina Office Building Llc $7,080,000
Closed C K L Investment Corp $650,000
Source: Public Records

Tax History Compared to Growth

Source: Public Records

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 $217,575 $23,096,880 $6,450,480 $16,646,400
2024 $217,575 $22,644,000 $6,324,000 $16,320,000
2023 $149,423 $9,530,237 $3,107,434 $6,422,803
2022 $147,522 $9,343,370 $3,046,504 $6,296,866
2021 $144,959 $9,160,168 $2,986,769 $6,173,399
2019 $132,496 $8,888,475 $2,898,181 $5,990,294
2018 $126,741 $8,714,192 $2,841,354 $5,872,838
2016 $117,298 $8,375,812 $2,731,022 $5,644,790
2015 $102,163 $7,196,178 $2,146,228 $5,049,950
2014 -- $9,800,000 $2,700,000 $7,100,000
Source: Public Records

Map

California Los Angeles County West Covina 91791

2934 E Garvey Ave S Unit 247, West Covina, CA

This home is located at 2934 E Garvey Ave S Unit 247, West Covina, CA 91791 and is currently estimated at $25,851,682, approximately $142 per square foot. 2934 E Garvey Ave S Unit 247 is a home located in Los Angeles County with nearby schools including Mesa Elementary School, South Hills High School, and Christ Lutheran School.

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.

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