Seller's Agent in 2019
Mike Wallace
BETTER HOME FINANCIAL, INC
(909) 394-5626
21 Total Sales
531 S 1st Ave Covina, CA 91723
7
Beds
5
Baths
3,894
Sq Ft
7,813
Sq Ft Lot
Highlights
- Cooling System Mounted To A Wall/Window
- Living Room
- Tile Flooring
- South Hills High School Rated A-
- Laundry Room
- Greenbelt
About This Home
As of June 2019EXCELLENT INVESTMENT OPPORTUNITY IN THE CITY OF COVINA!!! This five unit property features two 2 bedroom 1 bathroom and three 1 bedroom 1 bathroom units and is close to shopping, restaurants and nightlife. There are six covered carports in the back, one belonging to each unit, as well as a community laundry room. All units are on separate gas and electric utilities, with water and trash paid through one bill. There is additional street parking in front of the building just past a greenbelt and bushes. Each unit has been updated with new carpet or paint as necessary when a new tenant has moved in. Don't miss this tremendous opportunity!
Last Agent to Sell the Property
BETTER HOME FINANCIAL, INC License #01998572 Listed on: 04/05/2019
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1960
Lot Details
- 7,813 Sq Ft Lot
- Two or More Common Walls
Home Design
- Property Attached
Interior Spaces
- 3,894 Sq Ft Home
- Living Room
- Laundry Room
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 7 Bedrooms
- 5 Bathrooms
Parking
- 6 Parking Spaces
- 6 Carport Spaces
Additional Features
- Suburban Location
- Cooling System Mounted To A Wall/Window
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 5
- Tax Tract Number 17368
- Assessor Parcel Number 8445027005
Community Details
Overview
- 5 Units
- Greenbelt
Amenities
- Laundry Facilities
Building Details
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $3,000
- Fuel Expense $138
- Insurance Expense $1,572
- Other Expense $2,000
- Professional Management Expense $3,120
- Trash Expense $556
- Water Sewer Expense $1,000
- New Taxes Expense $14,850
- Operating Expense $26,236
- Net Operating Income $44,264
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/14/2019 06/14/19 | Sold | $1,168,000 | -1.7% | $300 / Sq Ft |
| 04/12/2019 04/12/19 | Pending | -- | -- | -- |
| 04/05/2019 04/05/19 | For Sale | $1,188,000 | -- | $305 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Mike Wallace
-
Ash Rizk
Buyer's Agent in 2019
Ash Rizk
Coldwell Banker Realty
(626) 393-5695
1 in this area
220 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV19077658
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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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