Rob St Onge
FIRST TEAM REAL ESTATE
(951) 848-5891
78 Total Sales
1 in Covina
$805,000 Price
514 E Cypress St Covina, CA 91723
Covina Area
3
Beds
2
Baths
16,123
Sq Ft
0.64
Acre Lot
Highlights
- In Ground Pool
- 0.64 Acre Lot
- Landscaped
- South Hills High School Rated A-
- Corner Lot
- 3-minute walk to Kelby Park
About This Home
As of April 2016NOTE: Property must be sold with 826 North Barranca Avenue, Covina under one transaction. $7,600,000 is for BOTH properties. ML Number: 15255177
This investment offering is located at 514 East Cypress Street and 826 North Barranca Avenue is a 40-unit asset located in the City of Covina, California. Built in 1961 and 1963, the property consists of four, two-story buildings that surround two landscaped center courtyards, with pools and two laundry facilities.
The complex is conveniently located between both the Foothill (210) and Pomona (10) Freeways. There is a park and senior center directly across the street from The Bahamas making the property attractive to families.
At a CAP rate of over 4.5%, The Bahamas provides an investor the opportunity to acquire an excellent asset at an exceptional price in an area that is in one of the highest in demand of any in the San Gabriel Valley.
Investment Highlights
¦ Central Air and Individual Water Heaters
¦ 62 Parking Spaces with 3 2-Car Garages that can be Rented
¦ Large Units with Patios
¦ Gated Communities
¦ Below Market Rents
¦ Surrounded by Single Family Residences
¦ Across from a Park and Senior Center
All Second Bathroom have Tubs which can be Upgraded
Last Agent to Sell the Property
KELLER WILLIAMS COVINA License #01869254 Listed on: 12/01/2015
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963
Lot Details
- 28,020 Sq Ft Lot
- Two or More Common Walls
- Landscaped
- Corner Lot
- Level Lot
Home Design
- 16,123 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Parking
- 38 Parking Spaces
- 19 Carport Spaces
- Parking Available
Pool
- In Ground Pool
- Fence Around Pool
Outdoor Features
- Exterior Lighting
- Rain Gutters
Listing and Financial Details
- Tax Lot 8429
- Tax Tract Number 3410
- Assessor Parcel Number 8429031015
Community Details
Overview
- 2 Buildings
- 16 Units
Building Details
- 16 Separate Electric Meters
- 16 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $5,600
- Professional Management Expense $7,900
- Trash Expense $4,304
- Water Sewer Expense $8,608
- New Taxes Expense $52,617
- Gross Income $17,800
- Net Operating Income $134,571
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
Closed on
Feb 6, 2024
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,400,000
Outstanding Balance
$2,333,664
Interest Rate
6.63%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 1, 2016
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,800,000
Interest Rate
3.57%
Mortgage Type
Commercial
Purchase Details
Listed on
Dec 1, 2015
Closed on
Mar 16, 2016
Sold by
Bought by
Seller's Agent
Mark Sanfilippo
KELLER WILLIAMS COVINA
Buyer's Agent
Mark Sanfilippo
KELLER WILLIAMS COVINA
List Price
$7,600,000
Sold Price
$7,025,000
Premium/Discount to List
-$575,000
-7.57%
Purchase Details
Closed on
Aug 17, 1999
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,620,000
Interest Rate
7.47%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Covina, CA
-
Rob St Onge
-
George Cordova
George Cordova
EXP REALTY OF CALIFORNIA INC
(626) 602-2962
51 Total Sales
2 in Covina
$650K - $765K Price Range
-
Pam DelRey
Pam DelRey
Art Del Rey Realty, Inc.
(626) 604-0256
62 Total Sales
3 in Covina
$780K - $880K Price Range
-
Patsy Chan
Patsy Chan
FAIRMATE INC.
(562) 600-9057
16 Total Sales
1 in Covina
$540,000 Price
-
Angie Rebennack
Angie Rebennack
Responds QuicklyKeller Williams Pacific Estate
(669) 267-1339
56 Total Sales
1 in Covina
$618,000 Price
-
Jonathan Mendoza
Jonathan Mendoza
Monarch Real Estate Services
(626) 658-4310
53 Total Sales
2 in Covina
$770K - $774K Price Range
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 |
|---|---|---|---|
| $4,680,000 | Old Republic Title Company | ||
| $8,050,000 | First American Title Company | ||
| $7,025,000 | Old Republic Title Company | ||
| $2,491,500 | Commonwealth Land Title Co |
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 |
|---|---|---|---|
| Open | $2,400,000 | ||
| Previous Owner | $4,800,000 | ||
| Previous Owner | $4,380,000 | ||
| Previous Owner | $1,620,000 |
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 |
|---|---|---|---|---|
| 04/01/2016 04/01/16 | Sold | $7,025,000 | -7.6% | $436 / Sq Ft |
| 03/15/2016 03/15/16 | Pending | -- | -- | -- |
| 12/01/2015 12/01/15 | For Sale | $7,600,000 | -- | $471 / 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 |
|---|---|---|---|---|
| 2025 | $63,860 | $4,773,600 | $3,468,000 | $1,305,600 |
| 2024 | $48,939 | $3,663,805 | $2,525,977 | $1,137,828 |
| 2023 | $48,275 | $3,591,967 | $2,476,449 | $1,115,518 |
| 2022 | $47,669 | $3,521,538 | $2,427,892 | $1,093,646 |
| 2021 | $46,958 | $3,452,489 | $2,380,287 | $1,072,202 |
| 2019 | $45,929 | $3,350,698 | $2,309,688 | $1,041,010 |
| 2018 | $44,051 | $3,285,010 | $2,264,400 | $1,020,610 |
| 2016 | $20,889 | $1,361,960 | $286,929 | $1,075,031 |
| 2015 | $20,338 | $1,341,504 | $282,620 | $1,058,884 |
| 2014 | $20,142 | $1,315,226 | $277,084 | $1,038,142 |
Source: Public Records
Agents Affiliated with this Home
-
Mark Sanfilippo
Seller's Agent in 2016
Mark Sanfilippo
KELLER WILLIAMS COVINA
(909) 660-6050
5 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV15255117
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.
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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