NOT LISTED FOR SALE

512 E Hurst St Covina, CA 91723

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

Sale Details

Date Sold: May 25, 2022

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

10 Days on Market

Highlights

  • Cul-De-Sac
  • Laundry Facilities
  • 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

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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

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

7,443 Sq Ft Lot

Listing Details

  • 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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2022
Closed on
May 12, 2022
Sold by
Downard Family Trust and Downard Michael S
Bought by
Seller's Agent
Brian Vosberg
VOSBERG & ASSOCIATES
Buyer's Agent
Brian Vosberg
VOSBERG & ASSOCIATES
List Price
$1,650,000
Sold Price
$1,690,000
Premium/Discount to List
$40,000
2.42%

Purchase Details

Closed on
May 19, 2008
Sold by
Martindale James H
Bought by
Downard Michael S and Downard Carol L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.27%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 20, 2006
Sold by
Martindale James H
Bought by
Martindale James H and Martindale Lynette Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Interest Rate
6.57%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 12, 1997
Sold by
And K A Smith Trust An Smith James W And Kath and Gray David S
Bought by
Martindale James H
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,690,000 First American Title Company O
Downard Michael S $835,000 Southland Title Company
Martindale James H -- Investors Title Company
Martindale James H -- Southland Title Corporation
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $500,000
Previous Owner Downard Michael S $500,000
Previous Owner Martindale James H $510,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $23,919 $1,829,309 $1,288,093 $541,216
2025 $23,919 $1,793,441 $1,262,837 $530,604
2024 $22,795 $1,758,276 $1,238,076 $520,200
2023 $22,477 $1,723,800 $1,213,800 $510,000
2022 $14,258 $1,013,254 $649,213 $364,041
2021 $14,049 $993,387 $636,484 $356,903
2019 $13,749 $963,924 $617,606 $346,318
2018 $13,214 $945,025 $605,497 $339,528
2016 $12,462 $908,331 $581,986 $326,345
2015 $12,118 $894,688 $573,245 $321,443
2014 $11,968 $877,163 $562,016 $315,147
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV22061666

California Regional Multiple Listing Service (CRMLS)
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