NOT LISTED FOR SALE

520 E Hurst St Unit 4 Covina, CA 91723

Estimated Value: $1,187,000 - $1,286,000

2 Beds
1 Bath
3,464 Sq Ft
$355/Sq Ft Est. Value

Last Sold August 01, 2017

Last sale price $819,000 $236 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $7,453/month

24 Days on Market

Highlights

  • Cul-De-Sac
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • South Hills High School Rated A-
  • Laundry Room
  • 2-minute walk to Kelby Park

About This Home

As of August 2017

Four units: 2 bedrooms 1 bath each. One unit was just completely remodeled. Building was just painted. Ideal location of high rental demand area of Covina with easy access to schools, shopping and 10 fwy.

Last Agent to Sell the Property

Alex Matthes, CCIM

RE/MAX MASTERS REALTY License #01242994 Listed on: 05/16/2017

RE/MAX MASTERS REALTY

Last Buyer's Agent

Alex Matthes, CCIM

RE/MAX MASTERS REALTY License #01242994 Listed on: 05/16/2017

RE/MAX MASTERS REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 7,749 Sq Ft Lot
  • Two or More Common Walls
  • Cul-De-Sac

Home Design

  • 3,464 Sq Ft Home
  • Property Attached
  • Composition Roof

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces
  • Parking Available
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Additional Features

  • Gas Cooktop
  • Laundry Room
  • Suburban Location

Listing and Financial Details

  • Tax Lot 025
  • Tax Tract Number 8
  • Assessor Parcel Number 8429008025

Community Details

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $35
  • Insurance Expense $1,900
  • Trash Expense $150
  • Water Sewer Expense $200
  • New Taxes Expense $12,250
  • Operating Expense $14,535
  • Gross Income $57,600
  • Net Operating Income $40,185

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Water Sewer Expenses: 200.00
  • Zoning: CVR3-RD2000*
  • Property Type: Residential Income
  • Parcel Number: 8429008025
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 236.43

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 150.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac
  • Lot Size Sq Ft: 7749.00

Multi Family

  • Electric Expense: 35.00
  • Gross Income: 57600.00
  • Gross Operating Income: 54720.00
  • Gross Scheduled Income: 57600.00
  • Insurance Expense: 1900.00
  • Net Operating Income: 40185.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 14535.00
  • Rent Control: No
  • Total Expenses: 14535.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 12250.00
  • Tax Census Tract: 4037.21
  • Tax Lot: 025
  • Tax Tract Number: 008

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 20, 2022
Sold by
Vagenas Alexios P and Vagenas Tashia B
Bought by
Alta 74 Llc
Current Estimated Value
$1,231,340

Purchase Details

Listed on
May 16, 2017
Closed on
Jun 14, 2017
Sold by
Valencia John R
Bought by
Vagenas Alexios P and Vagenas Tashia B
Seller's Agent
Alex Matthes, CCIM
RE/MAX MASTERS REALTY
Buyer's Agent
Alex Matthes, CCIM
RE/MAX MASTERS REALTY
List Price
$869,000
Sold Price
$819,000
Premium/Discount to List
-$50,000
-5.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.96%
Original Mortgage
$419,500
Interest Rate
3.91%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Alta 74 Llc -- None Listed On Document
Vagenas Alexios P -- Orange Coast Title Socal
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vagenas Alexios P $419,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/01/2017 08/01/17 Sold $819,000 -5.8% $236 / Sq Ft
07/13/2017 07/13/17 For Sale $869,000 0.0% $251 / Sq Ft
06/09/2017 06/09/17 Pending -- -- --
06/05/2017 06/05/17 For Sale $869,000 0.0% $251 / Sq Ft
06/02/2017 06/02/17 Pending -- -- --
06/01/2017 06/01/17 For Sale $869,000 0.0% $251 / Sq Ft
05/16/2017 05/16/17 Pending -- -- --
05/16/2017 05/16/17 For Sale $869,000 -- $251 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

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 $12,019 $930,741 $589,394 $341,347
2024 $12,019 $912,492 $577,838 $334,654
2023 $11,851 $894,601 $566,508 $328,093
2022 $11,699 $877,060 $555,400 $321,660
2021 $11,526 $859,863 $544,510 $315,353
2020 $11,377 $851,047 $538,927 $312,120
2019 $11,270 $834,360 $528,360 $306,000
2018 $10,808 $818,000 $518,000 $300,000
2016 $2,358 $111,165 $30,419 $80,746
2015 $2,301 $109,497 $29,963 $79,534
2014 $2,294 $107,354 $29,377 $77,977
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV17108182

California Regional Multiple Listing Service (CRMLS)

APN: 8429-008-025