NOT LISTED FOR SALE

437 E Badillo St Covina, CA 91723

Estimated Value: $1,331,000 - $1,496,000

5 Beds
4 Baths
3,911 Sq Ft
$359/Sq Ft Est. Value

Last Sold March 18, 2022

Last sale price $1,250,000 $320 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $8,995/month

390 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Front Yard
  • South Hills High School Rated A-

About This Home

As of March 2022

Excellent investment opportunity to own 3 on a lot in the heart of Covina near downtown & Metrolink! the Main home is a renovated craftsman with a charming front porch and many character details, including built-in cabinetry, crown moldings, and custom ceiling treatments, an extra spacious kitchen, and a large formal dining room that could be used as a fourth bedroom. The main home built in 1910 also features a laundry room, basement storage, and a 2-car detached garage. All bedrooms have spacious walk-in closets. The living room has a fireplace. The 2 back units were built in 1992 and each offers 1 bedroom, 1 bathroom, and each unit has a single-car garage.

Last Agent to Sell the Property

Thomas Gibson

THE WRIGHT ASSOCIATED COMPANIES License #01319085 Listed on: 01/08/2021

Last Buyer's Agent

Grace Zhu

Champion Character Inc. License #01444889

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,323

Year Built

  • Built in 1992

Lot Details

  • 8,497 Sq Ft Lot
  • 1 Common Wall
  • Front Yard

Parking

  • 4 Car Garage

Home Design

  • 3,911 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 8 / 2
  • Tax Tract Number 4601
  • Assessor Parcel Number 8445006016

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $1,200
  • Trash Expense $1,132
  • Water Sewer Expense $1,421
  • New Taxes Expense $16,875
  • Operating Expense $21,228
  • Gross Income $62,580
  • Net Operating Income $40,872

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,323

Year Built

Built in 1992

Lot Details

0

Parking

4

Listing Details

  • Other Phone Description: Agent Cell
  • Other Phone Number: 626-242-4655
  • Price Per Unit: 425000
  • Property Attached: Yes
  • Water Sewer Expenses: 1421.00
  • Zoning: CVR3-RD2000*
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 8445006016
  • Year Built: 1992
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 319.61

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 1132.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 8497.00
  • Lot Size Acres: 0.1951

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 62580.00
  • Gross Scheduled Income: 62580.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 8497.0000 Square Feet
  • Net Operating Income: 40872.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 21228.00
  • Rent Control: No
  • Total Expenses: 21228.00

Tax Info

  • New Taxes Expense: 16875.00
  • Tax Block: 2
  • Tax Census Tract: 4061.01
  • Tax Lot: 8
  • Tax Tract Number: 4601

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 8, 2021
Closed on
Feb 10, 2022
Sold by
Thomas Giandomenico Family Trust
Bought by
Chen Yiqiu
Seller's Agent
Thomas Gibson
THE WRIGHT ASSOCIATED COMPANIES
Buyer's Agent
Grace Zhu
Champion Character Inc.
List Price
$1,350,000
Sold Price
$1,250,000
Premium/Discount to List
-$100,000
-7.41%
Current Estimated Value
$1,404,075

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$154,075
Avg. Annual Appreciation
2.37%
Original Mortgage
$500,000
Outstanding Balance
$466,797
Interest Rate
3.69%
Mortgage Type
New Conventional
Estimated Equity
$888,212

Purchase Details

Closed on
Mar 9, 2000
Sold by
Giandomenico Thomas and Giandomenico Linda A
Bought by
Giandomenico Thomas and Giandomenico Linda A

Purchase Details

Closed on
Mar 17, 1999
Sold by
Giandomenico Thomas Co Tr and Giandomenico Joann E
Bought by
Giandomenico Joann Elise

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,000
Interest Rate
6.75%
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
Chen Yiqiu $1,250,000 North American Title
Giandomenico Thomas -- --
Giandomenico Thomas -- --
Giandomenico Joann Elise -- Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen Yiqiu $500,000
Previous Owner Giandomenico Thomas $300,000
Previous Owner Giandomenico Joann Elise $234,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/18/2022 03/18/22 Sold $1,250,000 -2.0% $320 / Sq Ft
02/02/2022 02/02/22 Pending -- -- --
10/07/2021 10/07/21 Price Changed $1,275,000 -5.6% $326 / Sq Ft
01/08/2021 01/08/21 For Sale $1,350,000 0.0% $345 / Sq Ft
10/20/2017 10/20/17 Rented $1,350 0.0% --
10/18/2017 10/18/17 Off Market $1,350 -- --
10/03/2017 10/03/17 For Rent $1,350 -41.3% --
02/20/2015 02/20/15 Rented $2,300 0.0% --
02/20/2015 02/20/15 For Rent $2,300 -- --
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 $16,323 $1,326,509 $955,087 $371,422
2024 $16,323 $1,300,500 $936,360 $364,140
2023 $16,090 $1,275,000 $918,000 $357,000
2022 $6,553 $454,327 $208,223 $246,104
2021 $6,445 $445,420 $204,141 $241,279
2020 $6,366 $440,853 $202,048 $238,805
2019 $6,308 $432,210 $198,087 $234,123
2018 $6,010 $423,736 $194,203 $229,533
2016 $5,664 $407,284 $186,663 $220,621
2015 $5,508 $401,168 $183,860 $217,308
2014 $5,445 $393,311 $180,259 $213,052
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV21004484

California Regional Multiple Listing Service (CRMLS)

APN: 8445-006-016