NOT LISTED FOR SALE

315 E Orlando Way Covina, CA 91723

Estimated Value: $855,081 - $1,062,000

4 Beds
2 Baths
1,848 Sq Ft
$499/Sq Ft Est. Value

Last Sold September 11, 2020

Last sale price $670,000 $363 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $5,577/month

6 Days on Market

Highlights

  • Granite Countertops
  • Private Yard
  • Cooling System Mounted To A Wall/Window
  • South Hills High School Rated A-
  • Fireplace
  • Level Lot

About This Home

As of September 2020

This is a great investment opportunity the Covina area. Close to Library and metrolink. Close to shopping in a very good school district. Concrete driveway, units each have their own yard. Newer kitchens in each unit.

Last Agent to Sell the Property

Steve McIntosh

MC INTOSH REALTY License #00443474 Listed on: 08/12/2020

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,033

Year Built

  • Built in 1956

Lot Details

  • 7,384 Sq Ft Lot
  • 1 Common Wall
  • Level Lot
  • Front Yard Sprinklers
  • Private Yard

Parking

  • 2 Car Garage

Home Design

  • Property Attached
  • Composition Roof

Interior Spaces

  • 1,848 Sq Ft Home
  • 1-Story Property
  • Fireplace
  • Granite Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Fireplace in Patio
  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 10
  • Tax Tract Number 21655
  • Assessor Parcel Number 8445031010

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Gardener Expense $700
  • Insurance Expense $854
  • Trash Expense $621
  • Water Sewer Expense $2,415
  • New Taxes Expense $8,375
  • Operating Expense $12,965
  • Gross Income $33,600
  • Net Operating Income $20,635

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,033

Year Built

Built in 1956

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 2415.00
  • Zoning: CVR3-RD1250*
  • Property Type: Residential Income
  • Gardener Expense: 700.00
  • Parcel Number: 8445031010
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Granite Counters
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Fireplace Features: Patio
  • Levels: One
  • Price Per Square Foot: 362.55
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected
  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 621.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Level, Sprinklers In Front, Yard
  • Lot Size Sq Ft: 7384.00
  • Lot Size Acres: 0.1695

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 33600.00
  • Gross Scheduled Income: 33600.00
  • Insurance Expense: 854.00
  • Lot Size Area: 7384.0000 Square Feet
  • Net Operating Income: 20635.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Total: 2
  • Number With Patio: 1
  • Number With Range: 1
  • Operating Expense: 12965.00
  • Rent Control: No
  • Total Expenses: 12965.00

Tax Info

  • New Taxes Expense: 8375.00
  • Tax Census Tract: 4061.02
  • Tax Lot: 10
  • Tax Tract Number: 21655

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2020
Closed on
Aug 19, 2020
Sold by
Tmt Resoures Ltd Llc
Bought by
Cloverland Investment Inc
Seller's Agent
Steve McIntosh
MC INTOSH REALTY
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$67,000
Sold Price
$670,000
Premium/Discount to List
$603,000
900%
Current Estimated Value
$921,520

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$251,520
Avg. Annual Appreciation
6.41%

Purchase Details

Closed on
Oct 20, 2012
Sold by
Coleman Tina and The Pete De Philips Living Tru
Bought by
Coleman Tina and Dephilips Pete A

Purchase Details

Closed on
Mar 23, 2007
Sold by
Dephilips Pete
Bought by
Dephilips Pete and The Pete De Philips Living Trust

Purchase Details

Closed on
Dec 29, 2006
Sold by
Dephilips Pete and Pauline De Graziano Living Tru
Bought by
Dephilips Pete

Purchase Details

Closed on
Mar 26, 1994
Sold by
Dephilips Michael
Bought by
Graziano Pauline D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
7.38%

Purchase Details

Closed on
Mar 23, 1994
Sold by
Graziano Pauline D
Bought by
Dephilips Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
7.38%
Source: Public Records

Range of Values:

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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
Cloverland Investment Inc $670,000 Ticor Title
Coleman Tina -- None Available
Tmt Resources Ltd Llc -- None Available
Dephilips Pete -- None Available
Dephilips Pete -- None Available
Graziano Pauline D -- Chicago Title
Dephilips Michael -- Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Graziano Pauline D $80,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/11/2020 09/11/20 Sold $670,000 0.0% $363 / Sq Ft
08/18/2020 08/18/20 Pending -- -- --
08/12/2020 08/12/20 Price Changed $670,000 +900.0% $363 / Sq Ft
08/12/2020 08/12/20 For Sale $67,000 -- $36 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $9,033 $725,228 $573,688 $151,540
2024 $9,033 $711,009 $562,440 $148,569
2023 $8,904 $697,068 $551,412 $145,656
2022 $8,788 $683,400 $540,600 $142,800
2021 $8,661 $670,000 $530,000 $140,000
2020 $3,515 $234,859 $73,631 $161,228
2019 $3,483 $230,255 $72,188 $158,067
2018 $3,287 $225,741 $70,773 $154,968
2016 $3,101 $216,977 $68,026 $148,951
2015 $3,016 $213,719 $67,005 $146,714
2014 $2,984 $209,534 $65,693 $143,841
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV20163782

California Regional Multiple Listing Service (CRMLS)

APN: 8445-031-010