NOT LISTED FOR SALE

309 E Puente St Covina, CA 91723

10 Beds
7 Baths
5,194 Sq Ft
0.26 Acres

Last Sold February 22, 2019

Last sale price $1,365,000 $263 Per Sq Ft

201 Days on Market

Highlights

  • Laundry Room
  • South Hills High School Rated A-
  • Level Lot

About This Home

As of February 2019

Great 5 unit non-rent controlled income property in the desirable City of Covina. The complex is situated in an area surrounded by other duplexes and SFR's. The schools for the area are South Hills High School, Barranca Elementary, and Sierra Vista Junior High.
The property consists of a two story apartment building built in 1962, containing 4 units of approximately 3,100 square feet of living area. Which offers a superb mix of (2) 2 bedroom + 1 bath units, and (2) 1 bedroom + 1 bath units. There is also a front unit, which is a 2 story single family home built in 1925 with approximately 2,094 square feet of living area. The single family home offers 4 nice size bedrooms and 2.5 baths. The SFR would be perfect owner’s unit. Total building square footage of both is 5,194 approximately.
Each unit is separately metered for electricity and gas. All units have individual water heaters. There is an onsite community laundry facility (Machines are owned). The apartment’s have wall heaters and air conditioners.
There are 8 garage spaces. The units are situated on a lot size of 11,113 square feet.
The units are located in a high demand area. Several blocks to the grocery store, other retail outlets. There are various dining options along Shoppers Land and Citrus Avenue. It is within close proximity to downtown Covina and accessible from the 10 Freeway. The Metro Link access is located on Citrus Avenue by downtown Covina. Given the location, attractive local area amenities.

Last Agent to Sell the Property

Scott Bachmann

RE/MAX MASTERS REALTY License #00931630 Listed on: 05/01/2018

RE/MAX MASTERS REALTY

Last Buyer's Agent

Brian Ngoy

Real Brokerage Technologies License #01821280

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 0.26 Acre Lot
  • Two or More Common Walls
  • Level Lot

Parking

  • 8 Car Garage
  • 1 Carport Space
  • Parking Available
  • Two Garage Doors

Home Design

  • 5,194 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 7 Bathrooms

Additional Features

  • Laundry Room
  • Rain Gutters
  • Suburban Location
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 2
  • Tax Tract Number 8007
  • Assessor Parcel Number 8445016024

Community Details

Overview

  • 2 Buildings
  • 5 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $300
  • Fuel Expense $276
  • Gardener Expense $1,800
  • Insurance Expense $1,015
  • Trash Expense $668
  • Water Sewer Expense $1,800
  • New Taxes Expense $19,375

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Parking

8

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1800.00
  • Zoning: CVR3-RD2000*
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 8445016024
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 262.80

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 8.00
  • Parking: Yes
  • Parking Features: Garage - Single Door, Garage - Two Door
  • Total Parking Spaces: 9.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community, Individual Room
  • Sewer: Sewer Paid
  • Trash Expense: 668.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Lot 10000-19999 Sqft, Level
  • Lot Size Sq Ft: 11113.00
  • Lot Size Acres: 0.2551

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 300.00
  • Fuel Expense: 276.00
  • Gross Scheduled Income: 37740.00
  • Insurance Expense: 1015.00
  • Lot Size Area: 11113.0000 Square Feet
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 5
  • Number With Disposal: 5
  • Number With Range: 5
  • Rent Control: No
  • Total Actual Rent: 3145.00

Tax Info

  • New Taxes Expense: 19375.00
  • Tax Census Tract: 4061.02
  • Tax Lot: 2
  • Tax Tract Number: 8007
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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
02/22/2019 02/22/19 Sold $1,365,000 -11.9% $263 / Sq Ft
02/03/2019 02/03/19 For Sale $1,550,000 0.0% $298 / Sq Ft
11/18/2018 11/18/18 Pending -- -- --
05/01/2018 05/01/18 For Sale $1,550,000 -- $298 / 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 $19,562 $1,522,679 $780,861 $741,818
2024 $19,562 $1,492,823 $765,550 $727,273
2023 $19,292 $1,463,553 $750,540 $713,013
2022 $18,704 $1,434,857 $735,824 $699,033
2021 $18,345 $1,406,724 $721,397 $685,327
2020 $18,102 $1,392,300 $714,000 $678,300
2019 $14,206 $148,300 $40,849 $107,451
2018 $3,331 $145,394 $40,049 $105,345
2016 $3,025 $139,750 $38,495 $101,255
2015 $2,953 $137,652 $37,917 $99,735
2014 $2,946 $134,957 $37,175 $97,782
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV18102050

California Regional Multiple Listing Service (CRMLS)