NOT LISTED FOR SALE

504 S Barranca Ave Covina, CA 91723

16 Beds
10 Baths
10,338 Sq Ft
0.52 Acres

Last Sold December 20, 2012

Last sale price $1,780,000 $172 Per Sq Ft

180 Days on Market

Highlights

  • In Ground Pool
  • Custom Home
  • Open Floorplan
  • South Hills High School Rated A-
  • 0.52 Acre Lot
  • 4-minute walk to Barranca Park

About This Home

As of December 2012

Prime Covina Location, attractive two story garden style complex. Excellent opportunity to purchase this quality built 11 unit. Well maintained, highly desirable rental area. With a good mix (1 - 4 bed, 1.5 bath. 6-2 bed, 1 bath. 4-1 bed, 1 bath). Situate on a 22,528 sq. ft. lot. Offers spacious rooms, beautiful landscaping, electrical gate, laundry facilities, separate gas and electric meters. There is no rent control. Only blocks away from freeways, schools, and park. Rents are below market with great potential for growth. Stable tenants . Adjacent Parcel with 11 units at 514 So. Barranca Ave. also selling.

Last Agent to Sell the Property

Pauline Cheng

Re/Max Premier Prop Arcadia License #00993691 Listed on: 04/02/2012

Re/Max Premier Prop Arcadia

Last Buyer's Agent

Michael Cirrito

Home Free Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 0.52 Acre Lot
  • Landscaped
  • Sprinkler System
  • Garden

Home Design

  • Custom Home
  • Traditional Architecture
  • Frame Construction
  • Stucco

Interior Spaces

  • 10,338 Sq Ft Home
  • Open Floorplan
  • Carpet
  • Disposal
  • Laundry Room

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 10 Bathrooms

Parking

  • 15 Parking Spaces
  • 15 Carport Spaces
  • Parking Available
  • Automatic Gate
  • Assigned Parking

Outdoor Features

  • In Ground Pool
  • Outdoor Storage

Additional Features

  • Property is near public transit
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 5 / 13
  • Tax Tract Number 4026
  • Assessor Parcel Number 8446016001

Community Details

Overview

  • No Home Owners Association
  • 11 Units

Recreation

  • Community Pool

Building Details

  • 11 Leased Units
  • 12 Separate Electric Meters
  • 12 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,929
  • Gardener Expense $2,097
  • Insurance Expense $4,953
  • Maintenance Expense $10,137
  • Other Expense $2,209
  • Pest Control $136
  • Pool Expense $1,200
  • Professional Management Expense $851
  • Supplies Expense $1,184
  • Trash Expense $3,030
  • Water Sewer Expense $4,750
  • New Taxes Expense $21,221
  • Gross Income $11,870
  • Net Operating Income $88,193

Additional Features

  • Laundry Facilities
  • Card or Code Access

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Listing Details

  • CapRate: 4.95
  • Other Phone Description: Pualine Cheng
  • Other Phone Number: 626-229-2212
  • Professional Management Expense: 851.00
  • Security: Automatic Gate, Card/Code Access
  • Supplies Expense: 1184.00
  • Water Sewer Expenses: 4750.00
  • Architectural Style: Custom Built, Traditional
  • Property Type: Residential Income
  • Gardener Expense: 2097.00
  • Parcel Number: 8446016001
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Open Floorplan
  • Flooring: Carpet
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 172.18

Exterior Features

  • Other Structures: Storage
  • Pool Expense: 1200.00
  • Pool Features: In Ground
  • Pool Private: Yes
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Carport Spaces: 15.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 15.00

Utilities

  • Utilities: Electricity Available
  • Laundry: Yes
  • Appliances: Disposal
  • Laundry Features: Community
  • Pest Control Expense: 136.00
  • Trash Expense: 3030.00
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Amenities: Pool
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: Garden, Landscaped, Sprinkler System, Near Public Transit
  • Lot Size Sq Ft: 22528.00
  • Lot Size Acres: 0.5170

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 1929.00
  • Gross Income: 11870.00
  • Gross Multiplier: 12.50
  • Gross Scheduled Income: 142440.00
  • Insurance Expense: 4953.00
  • Lot Size Area: 22528.0000 Square Feet
  • Maintenance Expense: 10137.00
  • Net Operating Income: 88193.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 11
  • Number Of Units Total: 11
  • Number Wall A C: 11
  • Number With Dishwasher: 2
  • Number With Range: 11
  • Operating Expense: 54247.00
  • Other Expense: 2209.00
  • Rent Control: No
  • Total Actual Rent: 11870.00

Tax Info

  • New Taxes Expense: 21221.00
  • Tax Block: 13
  • Tax Lot: 5
  • Tax Tract Number: 4026
  • Tax Year: 2011

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
12/20/2012 12/20/12 Sold $1,780,000 0.0% $172 / Sq Ft
09/29/2012 09/29/12 Pending -- -- --
04/02/2012 04/02/12 For Sale $1,780,000 -- $172 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Pauline Cheng

    Seller's Agent in 2012

    Pauline Cheng

    RE/MAX

    (626) 278-4587

    1 in this area

    101 Total Sales

    Pauline Cheng
    Section Image
  • Michael Cirrito

    Buyer's Agent in 2012

    Michael Cirrito

    Home Free Realty

    (626) 255-4255

    5 in this area

    59 Total Sales

    Michael Cirrito
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: A12042222

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Covina 91723

504 S Barranca Ave, Covina, CA

This home is located at 504 S Barranca Ave, Covina, CA 91723 since 02 April 2012. This property was built in 1961. 504 S Barranca Ave is a home located in Los Angeles County with nearby schools including Barranca Elementary School, South Hills High School, and Sonrise Christian.

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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