NOT LISTED FOR SALE

308 E Italia St Covina, CA 91723

Estimated Value: $1,092,000 - $1,373,000

5 Beds
3 Baths
2,266 Sq Ft
$543/Sq Ft Est. Value

Sale Details

Date Sold: March 28, 2018

Last sale price $815,000 $360 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $7,581 / mo

9 Days on Market

Highlights

  • Craftsman Architecture
  • Wood Flooring
  • No HOA
  • South Hills High School Rated A-
  • Private Yard
  • Walk-In Closet

About This Home

As of March 2018

3 UNIT PROPERTY!! This Well Maintained, multi unit property in a quiet and desired historical area of Covina is conveniently located between 210 and 10 Frwys. and two blocks from downtown Covina, Metro link train station, shops, Starbucks, restaurants, post office, medical offices, hospitol, Covina park, Civic Center park with Farmers Market, and various outdoor city events, live music events, movies in the park and much more, front unit is a well preserved Craftsman style 2 bed room, 1 bath home with its own laundry, 2nd unit is a 2 bedroom 1 bath apartment style detached building sitting above four single car garages with laundry hook ups in laundry room, rear unit is a 1 bed 1 bath detached unit with its own yard.
each unit is detached and has its own separate address,separate gas meters, electricity meters, two front units share a water meter, and rear unit has its own water meter, plenty of parking space for all occupants, there is much more to see, its The Perfect Rental Property!

Last Agent to Sell the Property

David Ramirez

CENTURY 21 MASTERS License #01868425 Listed on: 02/15/2018

CENTURY 21 MASTERS

Last Buyer's Agent

David Ramirez

CENTURY 21 MASTERS License #01868425 Listed on: 02/15/2018

CENTURY 21 MASTERS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1946

Lot Details

  • 8,925 Sq Ft Lot
  • No Common Walls
  • Landscaped
  • Private Yard
  • Lawn

Parking

  • 4 Car Garage
  • Driveway
  • On-Street Parking

Home Design

  • Triplex
  • Craftsman Architecture
  • Composition Roof

Interior Spaces

  • 2,266 Sq Ft Home
  • Family Room
  • Living Room
  • Wood Flooring

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting

Utilities

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

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 35
  • Tax Tract Number 406101
  • Assessor Parcel Number 8445003029

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $960
  • Trash Expense $720
  • Water Sewer Expense $2,400
  • New Taxes Expense $10,125
  • Operating Expense $14,205
  • Gross Income $45,600
  • Net Operating Income $35,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1946

Lot Details

8,925 Sq Ft Lot

Parking

4

Listing Details

  • Assessments: No
  • Property Attached: No
  • Road Surface Type: Paved
  • Water Sewer Expenses: 2400.00
  • Zoning: CVR3-RD3000*
  • Architectural Style: Craftsman
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 8445003029
  • Year Built: 1946
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Flooring: Wood
  • Levels: One
  • Price Per Square Foot: 359.66
  • Room Type: Family Room, Laundry, Living Room, Walk-In Closet

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 4.00
  • Parking Features: Driveway, Garage, Street
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community, Gas Dryer Hookup, Individual Room, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 720.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Lawn, Lot 6500-9999, Yard
  • Lot Size Sq Ft: 8925.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 45600.00
  • Gross Scheduled Income: 45600.00
  • Insurance Expense: 960.00
  • Net Operating Income: 35400.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 35400.00
  • Rent Control: No
  • Total Expenses: 14205.00

Tax Info

  • New Taxes Expense: 10125.00
  • Tax Census Tract: 4061.01
  • Tax Lot: 35
  • Tax Tract Number: 406101

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2018
Closed on
Apr 11, 2018
Sold by
Li William Alberto and Lew Janine Yin Lei
Bought by
Li William Alberto and Lew Janine Yin Lei
Seller's Agent
David Ramirez
CENTURY 21 MASTERS
Buyer's Agent
David Ramirez
CENTURY 21 MASTERS
List Price
$810,000
Sold Price
$815,000
Premium/Discount to List
$5,000
0.62%
Current Estimated Value
$1,231,049

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$416,049
Avg. Annual Appreciation
5.25%
Original Mortgage
$450,000
Outstanding Balance
$385,064
Interest Rate
4.32%
Mortgage Type
New Conventional
Estimated Equity
$845,985

Purchase Details

Listed on
Feb 15, 2018
Closed on
Mar 21, 2018
Sold by
Stewart Sherry and Freda Parnell Bush Trust
Bought by
Li William Alberto and Lew Janine Yin Lei
Seller's Agent
David Ramirez
CENTURY 21 MASTERS
Buyer's Agent
David Ramirez
CENTURY 21 MASTERS
List Price
$810,000
Sold Price
$815,000
Premium/Discount to List
$5,000
0.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Outstanding Balance
$385,064
Interest Rate
4.32%
Mortgage Type
New Conventional
Estimated Equity
$845,985

Purchase Details

Closed on
Oct 20, 2011
Sold by
Stewart Sherry Rae
Bought by
Stewart Sherry and Freda Parnell Bush Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,200
Interest Rate
4.01%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Li William Alberto -- First American Title Company
Li William Alberto $815,000 First American Title Company
Stewart Sherry -- None Available
Stewart Sherry Rae -- First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Li William Alberto $450,000
Previous Owner Stewart Sherry Rae $157,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/28/2018 03/28/18 Sold $815,000 +0.6% $360 / Sq Ft
02/24/2018 02/24/18 Pending -- -- --
02/15/2018 02/15/18 For Sale $810,000 -- $357 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $12,642 $999,636 $733,899 $265,737
2024 $12,642 $980,036 $719,509 $260,527
2023 $11,599 $891,320 $705,401 $185,919
2022 $11,342 $873,844 $691,570 $182,274
2021 $11,181 $856,710 $678,010 $178,700
2020 $11,033 $847,926 $671,058 $176,868
2019 $10,929 $831,300 $657,900 $173,400
2018 $1,737 $67,602 $30,355 $37,247
2016 $1,626 $64,978 $29,177 $35,801
2015 $1,588 $64,003 $28,739 $35,264
2014 $1,589 $62,751 $28,177 $34,574
Source: Public Records

Agents Affiliated with this Home

  • David Ramirez

    Seller's Agent in 2018

    David Ramirez

    CENTURY 21 MASTERS

    (626) 859-3990

    3 in this area

    55 Total Sales

    David Ramirez
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV18036338

California Regional Multiple Listing Service (CRMLS)

APN: 8445-003-029

California Los Angeles County Covina 91723

308 E Italia St, Covina, CA

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.

California Regional Multiple Listing Service (CRMLS) 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

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.