NOT LISTED FOR SALE

512 E Hurst St Covina, CA 91723

10 Beds
7 Baths
4,918 Sq Ft
7,443 Sq Ft Lot

Last Sold May 25, 2022

Last sale price $1,690,000 $344 Per Sq Ft

10 Days on Market

Highlights

  • Cul-De-Sac
  • Laundry Room
  • 2-minute walk to Kelby Park
  • South Hills High School Rated A-

About This Home

As of May 2022

Well maintained 6-unit property located in Covina. Units consist of one 3 bedroom/2 bath, two 2 bedroom/1 bath and three 1 bedroom/1 bath. Property has recent upgrades that includes new windows, roof, asphalt and paint. There are 6 carports on the property. The property is within walking distance to downtown Covina which offers shopping and dining. Conveniently located within walking distance to the Metrolink Station and near the 210, 10, and 57 freeways. Each unit is separately metered for gas and electricity. The property has a central laundry facility that provides additional monthly income. This is a great investment for a first-time investor or a seasoned investor looking to add a prime location to their portfolio.

Last Agent to Sell the Property

Brian Vosberg

VOSBERG & ASSOCIATES License #01398088 Listed on: 03/28/2022

Last Buyer's Agent

BRIAN VOSBERG

BRIAN VOSBERG, BROKER License #01398088

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,381

Year Built

  • Built in 1958

Lot Details

  • 7,443 Sq Ft Lot
  • Two or More Common Walls
  • Cul-De-Sac

Home Design

  • 4,918 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room

Parking

  • 6 Parking Spaces
  • 6 Carport Spaces

Listing and Financial Details

  • Tax Lot 15
  • Tax Tract Number 24348
  • Assessor Parcel Number 8429008026

Community Details

Overview

  • 2 Buildings
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $696
  • Fuel Expense $464
  • Insurance Expense $2,448
  • Trash Expense $2,544
  • Water Sewer Expense $2,667
  • Operating Expense $28,210
  • Gross Income $88,200
  • Net Operating Income $59,990

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,381

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Price Per Unit: 275000
  • Property Attached: Yes
  • Water Sewer Expenses: 2667.00
  • Zoning: CVR3-RD2000*
  • Property Type: Residential Income
  • Parcel Number: 8429008026
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 343.64

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 2544.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac, Lot 6500-9999
  • Lot Size Sq Ft: 7443.00
  • Lot Size Acres: 0.1709

Multi Family

  • Electric Expense: 696.00
  • Fuel Expense: 464.00
  • Gross Income: 88200.00
  • Gross Scheduled Income: 88200.00
  • Insurance Expense: 2448.00
  • Lot Size Area: 7443.0000 Square Feet
  • Net Operating Income: 59990.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 28210.00
  • Rent Control: Yes
  • Total Expenses: 28210.00

Tax Info

  • Tax Census Tract: 4037.21
  • Tax Lot: 15
  • Tax Tract Number: 24348
  • Tax Annual Amount: 19381.00

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 List to Sale Price per Sq Ft
05/25/2022 05/25/22 Sold $1,690,000 +2.4% $344 / Sq Ft
03/28/2022 03/28/22 For Sale $1,650,000 -- $336 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV22061666

California Regional Multiple Listing Service (CRMLS)