Seller's Agent in 2016
Eric Chen
CB RICHARD ELLIS
(909) 418-2030
65 Total Sales
357 N Vecino Dr Covina, CA 91723
7
Beds
4
Baths
13,885
Sq Ft
0.36
Acres
About This Home
As of April 2016The Vecino Drive Apartments is located north of E Badillo St and east of N Barranca Ave. The property is conveniently located north of the 10 Freeway and a mile and a half away from IKEA and other major retail neighborhood shopping centers. Built in 1962, the Vecino Drive Apartments contains 13 sizable units on a 15,750 square foot lot. The lot is two connected parcels with one building on each parcel. The Vecino Drive Apartments has an excellent unit mix of 4 two-bedroom/one-bathroom units, 8 two-bedroom/one-and-a-half bathroom units, and 1 three-bedroom/two-bathroom units. The building size for this property totals 13,885 square feet with an average unit size of 1,068 square feet. The Vecino Drive Apartments is a stable income-producing property and a great long-term investment. It is located in a desirable, non-rent controlled area and offers growth and stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or for a 1031 exchange opportunity.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1962
Lot Details
- 0.36 Acre Lot
- Two or More Common Walls
- Density is 36-40 Units/Acre
Home Design
- 13,885 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 7 Bedrooms
- 4 Bathrooms
Parking
- 13 Parking Spaces
- Parking Available
- Assigned Parking
Location
- Suburban Location
Listing and Financial Details
- Tax Lot 28
- Tax Tract Number 21003
- Assessor Parcel Number 8429033016
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 13 Units
Building Details
- 13 Separate Electric Meters
- 13 Separate Gas Meters
- 2 Separate Water Meters
- Electric Expense $1,193
- Insurance Expense $3,931
- Maintenance Expense $6,183
- Other Expense $2,600
- Trash Expense $2,948
- Water Sewer Expense $5,665
- New Taxes Expense $32,411
- Gross Income $13,160
- Net Operating Income $96,242
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/26/2016 04/26/16 | Sold | $2,250,000 | -10.0% | $162 / Sq Ft |
| 04/26/2016 04/26/16 | Pending | -- | -- | -- |
| 03/24/2016 03/24/16 | For Sale | $2,500,000 | -- | $180 / 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 | $18,476 | $1,373,198 | $544,543 | $828,655 |
| 2024 | $18,476 | $1,346,273 | $533,866 | $812,407 |
| 2023 | $18,228 | $1,319,877 | $523,399 | $796,478 |
| 2022 | $18,000 | $1,293,998 | $513,137 | $780,861 |
| 2021 | $17,737 | $1,268,626 | $503,076 | $765,550 |
| 2019 | $17,355 | $1,231,000 | $488,155 | $742,845 |
| 2018 | $16,676 | $1,206,864 | $478,584 | $728,280 |
| 2016 | $11,573 | $800,377 | $202,031 | $598,346 |
| 2015 | $11,261 | $788,356 | $198,997 | $589,359 |
| 2014 | $11,135 | $772,914 | $195,099 | $577,815 |
Source: Public Records
Agents Affiliated with this Home
-
Eric Chen
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV16061313
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.
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
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