NOT LISTED FOR SALE

500 S Eremland Dr Covina, CA 91723

5 Beds
5 Baths
6,430 Sq Ft
9,385 Sq Ft Lot

Last Sold May 01, 2018

Last sale price $1,700,000 $264 Per Sq Ft

8 Days on Market

Highlights

  • Lawn
  • South Hills High School Rated A-
  • Laundry Room

About This Home

As of May 2018

This is an 8 unit investment property in Covina in a good school district close to shopping areas. It has covered parking for cars and onsite laundry facility. The subject property is metered separately for gas and electric with the owner paying the water and trash. The current rental rates are well below market rates allowing the investor to increase the overall gross income of the subject property. Tenants are long term as well.

Last Agent to Sell the Property

Steve McIntosh

MC INTOSH REALTY License #00443474 Listed on: 03/14/2018

Last Buyer's Agent

Jag Singh

Keller Williams - Eagle Rock License #01886951

Keller Williams - Eagle Rock

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 9,385 Sq Ft Lot
  • Two or More Common Walls
  • Front Yard Sprinklers
  • Lawn

Parking

  • 8 Car Garage
  • 8 Carport Spaces

Home Design

  • Property Attached

Interior Spaces

  • 6,430 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 10
  • Tax Tract Number 17008
  • Assessor Parcel Number 8445027017

Community Details

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • Electric Expense $370
  • Gardener Expense $915
  • Insurance Expense $2,271
  • Maintenance Expense $6,400
  • Professional Management Expense $4,644
  • Trash Expense $1,938
  • Water Sewer Expense $1,651
  • New Taxes Expense $21,000
  • Operating Expense $39,297
  • Gross Income $360
  • Net Operating Income $52,560

Additional Features

  • 8 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0

Parking

8

Listing Details

  • Price Per Unit: 218750
  • Professional Management Expense: 4644.00
  • Property Attached: Yes
  • Water Sewer Expenses: 1651.00
  • Zoning: CVR3-RD1250*
  • Property Type: Residential Income
  • Gardener Expense: 915.00
  • Parcel Number: 8445027017
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 264.39

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 8.00
  • Garage Spaces: 8.00
  • Total Parking Spaces: 16.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area, Community, Dryer Included, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 1938.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lawn, Sprinklers In Front
  • Lot Size Sq Ft: 9385.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 370.00
  • Gross Income: 360.00
  • Gross Scheduled Income: 91560.00
  • Insurance Expense: 2271.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 360.00
  • Maintenance Expense: 6400.00
  • Net Operating Income: 52560.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Units Total: 8
  • Number With Range: 8
  • Operating Expense: 39000.00
  • Rent Control: No
  • Total Expenses: 39297.00

Tax Info

  • New Taxes Expense: 21000.00
  • Tax Census Tract: 4061.02
  • Tax Lot: 10
  • Tax Tract Number: 17008

Range of Values:

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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 Change Sq Ft Price
05/05/2025 05/05/25 Off Market -- -- --
03/31/2025 03/31/25 For Rent -- -- --
05/01/2018 05/01/18 Sold $1,700,000 -2.9% $264 / Sq Ft
03/22/2018 03/22/18 Pending -- -- --
03/14/2018 03/14/18 For Sale $1,750,000 -- $272 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2018

    Steve McIntosh

    MC INTOSH REALTY

    (626) 966-7456

    7 in this area

    15 Total Sales

    Section Image
  • Jag Singh

    Buyer's Agent in 2018

    Jag Singh

    Keller Williams - Eagle Rock

    (626) 331-1234

    4 in this area

    44 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV18059884

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Covina 91723

500 S Eremland Dr, Covina, CA

This home is located at 500 S Eremland Dr, Covina, CA 91723 since 14 March 2018. This property was built in 1957. 500 S Eremland Dr is a home located in Los Angeles County with nearby schools including Barranca Elementary School, South Hills High School, and Christ Lutheran School.

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.

California Regional Multiple Listing Service (CRMLS) 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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