$885,000
SOLD OCT 16, 2025

316 E Puente St Covina, CA 91723

4 Beds
2 Baths
1,848 Sq Ft
7,379 Sq Ft Lot

Recently Sold

$479 Per Sq Ft

1% Below List Price

0 Day on Market

Highlights

  • Property is near public transit
  • Wood Flooring
  • 2 Car Direct Access Garage
  • South Hills High School Rated A-
  • No HOA
  • Ductless Heating Or Cooling System

About This Home

As of October 2025

316 & 318 E Puente Street. Tenant occupied, do not disturb tenants. All offers subject to interior inspection. Units have separate gas and electric meters. Both units are 2 bedrooms and 1 full bath. Rear yard is cross fenced, so each unit has a private rear yard. Easy access to 10 Freeway, Eastland, downtown Covina and transportation.

Last Agent to Sell the Property

Carl Petta

ALLIED ASSET MANAGEMENT CORP Brokerage Phone: 626-253-0575 License #00478561 Listed on: 09/25/2025

Last Buyer's Agent

Freddy Manzano

EXCELLENCE RE REAL ESTATE License #01797523

EXCELLENCE RE REAL ESTATE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,292

Year Built

  • Built in 1956

Lot Details

  • 7,379 Sq Ft Lot
  • Lot Dimensions are 71x104
  • 1 Common Wall
  • Cross Fenced
  • Wood Fence
  • Fence is in average condition
  • Landscaped
  • Rectangular Lot
  • Front Yard Sprinklers
  • Back and Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Direct Access Garage
  • 5 Open Parking Spaces
  • Parking Available
  • Side Facing Garage
  • Single Garage Door
  • Shared Driveway
  • Driveway Level

Home Design

  • Duplex
  • Entry on the 1st floor
  • Raised Foundation
  • Fire Rated Drywall
  • Frame Construction
  • Composition Roof
  • Wood Siding
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 1,848 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Blinds
  • Window Screens
  • Sliding Doors
  • Living Room

Kitchen

  • Gas Oven
  • Gas Range
  • Free-Standing Range
  • Tile Countertops

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Laundry in Kitchen
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Termite Clearance

Location

  • Property is near public transit

Utilities

  • Ductless Heating Or Cooling System
  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Overhead Utilities
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for all utilities, trash collection, water
  • Legal Lot and Block 2 / 14
  • Assessor Parcel Number 8445031012

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $840
  • Insurance Expense $1,433
  • Professional Management Expense $3,600
  • Operating Expense $5,873
  • Gross Income $56,309
  • Net Operating Income $49,110

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,292

Year Built

Built in 1956

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 3600.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Phillips Tract
  • View: No
  • Zoning: CVR3-RD3000*
  • Architectural Style: Ranch
  • Property Condition: Termite Clearance
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 840.00
  • Parcel Number: 8445031012
  • Year Built: 1956
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Tile Counters
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Tile, Vinyl, Wood
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 478.90
  • Room Type: All Bedrooms Down, Kitchen, Living Room, Main Floor Bedroom
  • Window Features: Blinds, Screens

Exterior Features

  • Foundation: Concrete Perimeter, Raised
  • Fence: Yes
  • Fencing: Average Condition, Cross Fenced, Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Drywall Walls, Frame, Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Driveway, Concrete, Driveway Level, Garage, Garage Faces Side, Garage - Single Door, On Site, Shared Driveway
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 5.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range, Gas Oven, Gas Range, Gas Water Heater, Water Heater
  • Electric: Electricity - On Property, Standard
  • Heating Type: Ductless, Natural Gas, Wall Furnace
  • Laundry Features: Gas Dryer Hookup, In Kitchen, Inside, Outside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Ductless, Electric, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard, Front Yard, Landscaped, Lot 6500-9999, Rectangular Lot, Near Public Transit, Sprinkler System, Sprinklers In Front, Sprinklers Timer, Utilities - Overhead
  • Lot Size: 71x104
  • Lot Size Sq Ft: 7379.00
  • Lot Size Acres: 0.1694

Rental Info

  • Tenant Pays: All Utilities, Trash Collection, Water

Multi Family

  • Average2 Bed Area: 924 Square Feet
  • Gross Income: 56309.00
  • Gross Operating Income: 54959.00
  • Gross Scheduled Income: 56309.00
  • Gross Spendable Income: 49110.00
  • Insurance Expense: 1433.00
  • Lot Size Area: 7379.0000 Square Feet
  • Net Operating Income: 49110.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Disposal: 2
  • Number With Patio: 1
  • Number With Range: 2
  • Operating Expense: 5849.00
  • Rent Control: Yes
  • Total Expenses: 5873.00
  • Vacancy Allowance Rate: 2.50

Tax Info

  • Tax Area: 3-045
  • Tax Block: 14
  • Tax Lot: 2
  • Tax Tract Number: Phillip
  • Tax Annual Amount: 4292.00
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 25, 2025
Closed on
Sep 29, 2025
Sold by
Graves Trust and Petta Carl
Bought by
Liu Jing
Seller's Agent
Carl Petta
ALLIED ASSET MANAGEMENT CORP
Buyer's Agent
Freddy Manzano
EXCELLENCE RE REAL ESTATE
List Price
$895,000
Sold Price
$885,000
Premium/Discount to List
-$10,000
-1.12%
Views
7

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.65%

Purchase Details

Closed on
Dec 21, 2006
Sold by
Graves Ronald G and Graves Susan Ann
Bought by
Graves Ronald G

Purchase Details

Closed on
Jan 18, 1995
Sold by
Boal W Delmor
Bought by
Boal W Delmor and Boal Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
6.65%

Purchase Details

Closed on
Dec 8, 1994
Sold by
The Boal Trust
Bought by
Boal W Delmor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
6.65%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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 Type Sale Price Title Company
Grant Deed $885,000 Ticor Title Company
Interfamily Deed Transfer -- Accommodation
Interfamily Deed Transfer -- Commonwealth Land Title
Interfamily Deed Transfer -- Commonwealth Land Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $105,000 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/16/2025 10/16/25 Sold $885,000 -1.1% $479 / Sq Ft
09/25/2025 09/25/25 Pending -- -- --
09/25/2025 09/25/25 For Sale $895,000 -- $484 / 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 $4,293 $305,680 $152,840 $152,840
2024 $4,293 $299,688 $149,844 $149,844
2023 $4,234 $293,812 $146,906 $146,906
2022 $4,181 $288,052 $144,026 $144,026
2021 $4,117 $282,404 $141,202 $141,202
2019 $4,030 $274,030 $137,015 $137,015
2018 $3,788 $268,658 $134,329 $134,329
2016 $3,577 $258,228 $129,114 $129,114
2015 $3,477 $254,350 $127,175 $127,175
2014 $3,438 $249,368 $124,684 $124,684
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV25219428

California Regional Multiple Listing Service (CRMLS)

APN: 8445-031-012