NOT LISTED FOR SALE

366 N Vecino Dr Covina, CA 91723

5 Beds
4 Baths
4,770 Sq Ft
7,720 Sq Ft Lot

Last Sold April 18, 2013

Last sale price $870,000 $182 Per Sq Ft

61 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • Floor Furnace
  • South Hills High School Rated A-

About This Home

As of April 2013

Attractively priced for a well-maintained 7-unit apartment complex in Covina. Located in a desirable rental area with convenient access to freeways, retail shops, Metro link station, and schools. Pride of ownership with numerous capital improvements over the last few years (new outside staircase, new flooring/paint in many units). Good mix with 5 one-bedrooms, 2 two-bedrooms . Separate electric and Gas meters and seven carport spaces in the back alley. Laundry room bring in extra Income. Fully occupied with nice and cooperative tenants. No rent control .

Last Agent to Sell the Property

Louise Wong

Coldwell Banker New Century License #01700840 Listed on: 01/26/2013

Coldwell Banker New Century

Last Buyer's Agent

BARRY FU

GREATLAND REALTY & MORTGAGE License #01296553

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 7,720 Sq Ft Lot
  • Two or More Common Walls
  • Density is 16-20 Units/Acre

Home Design

  • 4,770 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Parking

  • 7 Parking Spaces
  • 7 Carport Spaces
  • Parking Available
  • Assigned Parking

Outdoor Features

  • Exterior Lighting

Utilities

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

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 35
  • Tax Tract Number 21003
  • Assessor Parcel Number 8429033023

Community Details

Building Details

  • 7 Leased Units
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $400
  • Gardener Expense $760
  • Insurance Expense $1,800
  • Pest Control $110
  • Trash Expense $1,630
  • Water Sewer Expense $3,800
  • Gross Income $6,225
  • Net Operating Income $64,174

Additional Features

  • 7 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 3800.00
  • Property Type: Residential Income
  • Gardener Expense: 760.00
  • Parcel Number: 8429033023
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 182.39

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 7.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 7.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Floor Furnace
  • Laundry Features: Community
  • Pest Control Expense: 110.00
  • Trash Expense: 1630.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Lot Features: 16-20 Units/Acre
  • Lot Size Sq Ft: 7720.00
  • Lot Size Acres: 0.1770

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 400.00
  • Gross Income: 6225.00
  • Gross Scheduled Income: 74700.00
  • Insurance Expense: 1800.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 7720.0000 Square Feet
  • Net Operating Income: 64174.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 7
  • Number Of Units Total: 7
  • Operating Expense: 10526.00
  • Rent Control: No
  • Total Actual Rent: 6225.00

Tax Info

  • Tax Lot: 35
  • Tax Tract Number: 21003
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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
04/18/2013 04/18/13 Sold $870,000 +2.4% $182 / Sq Ft
03/28/2013 03/28/13 Pending -- -- --
01/26/2013 01/26/13 For Sale $850,000 -- $178 / 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 $14,857 $1,071,332 $492,568 $578,764
2024 $14,857 $1,050,326 $482,910 $567,416
2023 $14,660 $1,029,733 $473,442 $556,291
2022 $14,481 $1,009,543 $464,159 $545,384
2021 $14,271 $989,749 $455,058 $534,691
2019 $13,970 $961,034 $441,561 $519,473
2018 $13,436 $942,203 $432,903 $509,300
2016 $12,675 $905,003 $416,094 $488,909
2015 $12,327 $891,410 $409,844 $481,566
2014 $12,181 $873,949 $401,816 $472,133
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR13010625

California Regional Multiple Listing Service (CRMLS)