NOT LISTED FOR SALE

327 W San Bernardino Rd Covina, CA 91723

Estimated Value: $2,311,173 - $2,388,000

5 Beds
3 Baths
3,996 Sq Ft
$588/Sq Ft Est. Value

Last Sold September 11, 2017

Last sale price $1,518,000 $380 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $14,654/month

9 Days on Market

Highlights

  • No HOA
  • Tile Flooring
  • 1-Story Property
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • 4-minute walk to Covina Park

About This Home

As of September 2017

6 Units across the park located in Covina. New exterior paint , windows and one fully remodeled unit (#325 as posted interior pictures)).Other units with minor upgrades too.
Good condition , Low maintenance and long term tenants .
Two buildings at 11669 sq feet lot, 4 units with covered parking space. with additional 7 open parking spaces

The property consists of four (2 Bedroom/1 Bath) and two (1 Bedroom/1 Bath). All tenants with individually metered for electricity and gas.


Buyer cooperate 1031 exchange with seller , no cost to buyer

Last Agent to Sell the Property

DONNA FUNG

KENT REALTY & INVESTMENT License #01333994 Listed on: 07/31/2017

Last Buyer's Agent

Stacy Myers

RE/MAX CHAMPIONS License #01433071

RE/MAX CHAMPIONS

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $22,224

Year Built

  • Built in 1956

Lot Details

  • 0.27 Acre Lot
  • No Common Walls
  • Density is 6-10 Units/Acre

Interior Spaces

  • 3,996 Sq Ft Home
  • 1-Story Property

Kitchen

  • Gas Range
  • Range Hood

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Parking

  • 7 Open Parking Spaces
  • 11 Parking Spaces
  • 4 Carport Spaces
  • Parking Available
  • Assigned Parking

Utilities

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

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 2
  • Tax Tract Number 8004
  • Assessor Parcel Number 8431017031

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 6 Units

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,080
  • Insurance Expense $1,975
  • Maintenance Expense $3,200
  • Other Expense $5,550
  • Trash Expense $1,848
  • Water Sewer Expense $1,632
  • New Taxes Expense $19,375
  • Operating Expense $34,740
  • Gross Income $105,000
  • Net Operating Income $70,260

Property Details

Home Type

Apartment

Est. Annual Taxes

$22,224

Year Built

Built in 1956

Lot Details

0

Listing Details

  • CapRate: 4.50
  • Price Per Unit: 258333
  • Property Attached: No
  • Water Sewer Expenses: 1632.00
  • Zoning: CVR3-RD2000*
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1080.00
  • Parcel Number: 8431017031
  • Year Built: 1956
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Tile, Vinyl
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 379.88

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 11.00
  • Uncovered Spaces: 7.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Range, Range Hood
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 1848.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 11669.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Gross Income: 105000.00
  • Gross Multiplier: 14.80
  • Gross Scheduled Income: 105000.00
  • Insurance Expense: 1975.00
  • Maintenance Expense: 3200.00
  • Net Operating Income: 70260.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Number Wall A C: 6
  • Number With Range: 6
  • Operating Expense: 34740.00
  • Other Expense: 5550.00
  • Rent Control: No
  • Total Actual Rent: 8750.00
  • Total Expenses: 34740.00

Tax Info

  • New Taxes Expense: 19375.00
  • Tax Census Tract: 4061.01
  • Tax Lot: 2
  • Tax Tract Number: 8004

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2017
Closed on
Sep 1, 2017
Sold by
S Y Chow & Son Incorporated
Bought by
Forbush Mark and Forbush Carol
Seller's Agent
DONNA FUNG
KENT REALTY & INVESTMENT
Buyer's Agent
Stacy Myers
RE/MAX CHAMPIONS
List Price
$1,550,000
Sold Price
$1,518,000
Premium/Discount to List
-$32,000
-2.06%
Current Estimated Value
$2,349,587

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$831,587
Avg. Annual Appreciation
6.01%

Purchase Details

Listed on
Sep 21, 2016
Closed on
Apr 7, 2017
Sold by
Fuerst Marc
Bought by
Fuerst Marc and Fuerst Mitchell
Seller's Agent
Irma Ortega
CENTURY 21 CITRUS REALTY INC
Buyer's Agent
Irma Ortega
CENTURY 21 CITRUS REALTY INC
List Price
$1,100,000
Sold Price
$1,000,000
Premium/Discount to List
-$100,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
170.15%
Original Mortgage
$700,000
Interest Rate
4.1%
Mortgage Type
Commercial

Purchase Details

Listed on
Sep 21, 2016
Closed on
Feb 14, 2017
Sold by
Fuerst Marc and Fuerst Mitchell
Bought by
S Y Chow & Son Incorporated
Seller's Agent
Irma Ortega
CENTURY 21 CITRUS REALTY INC
Buyer's Agent
Irma Ortega
CENTURY 21 CITRUS REALTY INC
List Price
$1,100,000
Sold Price
$1,000,000
Premium/Discount to List
-$100,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
4.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 28, 2008
Sold by
Dynamic Display Corp
Bought by
Fuerst Marc

Purchase Details

Closed on
Sep 11, 2000
Sold by
Golden Jeffrey and Bankruptcy Estate Of Kelly M C
Bought by
Dynamic Display Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,750
Interest Rate
7.98%
Mortgage Type
Commercial

Purchase Details

Closed on
May 4, 1994
Sold by
Choo Viola A
Bought by
Choo Kelly M
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Forbush Mark $1,518,000 Property Id Title Company
Fuerst Marc -- Fidelity National Title
Fuerst Mitchell -- None Available
S Y Chow & Son Incorporated $1,000,000 Fidelity National Title Co
Fuerst Marc -- None Available
Dynamic Display Corp $275,000 United Title Company
Choo Kelly M -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fuerst Mitchell $700,000
Previous Owner Sy Chow & Son $700,000
Previous Owner S Y Chow & Son Incorporated $700,000
Previous Owner Dynamic Display Corp $480,000
Previous Owner Dynamic Display Corp $258,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/11/2017 09/11/17 Sold $1,518,000 -2.1% $380 / Sq Ft
07/31/2017 07/31/17 For Sale $1,550,000 +55.0% $388 / Sq Ft
04/11/2017 04/11/17 Sold $1,000,000 -9.1% $250 / Sq Ft
02/13/2017 02/13/17 Pending -- -- --
01/30/2017 01/30/17 For Sale $1,100,000 0.0% $275 / Sq Ft
12/19/2016 12/19/16 Pending -- -- --
12/06/2016 12/06/16 For Sale $1,100,000 0.0% $275 / Sq Ft
11/03/2016 11/03/16 Pending -- -- --
10/28/2016 10/28/16 For Sale $1,100,000 0.0% $275 / Sq Ft
10/11/2016 10/11/16 Pending -- -- --
09/21/2016 09/21/16 For Sale $1,100,000 -- $275 / 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 $22,224 $1,727,220 $1,308,501 $418,719
2024 $22,224 $1,693,354 $1,282,845 $410,509
2023 $21,916 $1,660,152 $1,257,692 $402,460
2022 $21,640 $1,627,601 $1,233,032 $394,569
2021 $21,338 $1,595,688 $1,208,855 $386,833
2019 $20,866 $1,548,360 $1,173,000 $375,360
2018 $19,989 $1,518,000 $1,150,000 $368,000
2016 $6,117 $350,036 $152,742 $197,294
2015 $5,965 $344,779 $150,448 $194,331
2014 $5,920 $338,026 $147,501 $190,525
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS17174647

California Regional Multiple Listing Service (CRMLS)

APN: 8431-017-031