$1,050,000
SOLD NOV 10, 2025

554 E Hurst St Covina, CA 91723

8 Beds
4 Baths
3,464 Sq Ft
7,544 Sq Ft Lot

Recently Sold

$303 Per Sq Ft

16% Below List Price

258 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Level Lot
  • South Hills High School Rated A-
  • Laundry Room
  • 5-minute walk to Kelby Park

About This Home

As of November 2025

This is a 4-units apartment complex located in the City of Covina. The property is a two-story building situated on a cul-de-sac street with 7,300 square feet lot. The property offers an excellent unit mix consisting of 2 bedrooms plus 1 bathroom with long term tenants. The property is separately metered for electricity and gas and has a shared laundry facility. Each unit has it’s spacious 2 bedroom and 1 bathroom with window A/Cs, private patio area for 1st floor units, and ceiling fans. The parking is provided through an attached garage with 4 secured parking spaces. Tenants can also park in tandem
which provides total of 8 parking spaces. The property is located in the heart of Covina with great access to the different freeways, which are FWY 210, 57, 10, and freeway 605. Also, the property is within minutes to major amenities such as parks, schools, library, shopping centers, and public transportations. Azusa Pacific University is located North of the property and is accessible within minutes.

Last Agent to Sell the Property

Aldon Lai

High Ten Partners, Inc. Brokerage Phone: 626-552-1028 License #01855739 Listed on: 11/27/2024

High Ten Partners, Inc.

Last Buyer's Agent

Jan Magana

The R.R. Network License #02164463

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 7,544 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot
  • Density is 6-10 Units/Acre

Parking

  • 5 Car Garage

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 3,464 Sq Ft Home
  • 2-Story Property
  • Laminate Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Standard Electricity
  • Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, security, telephone
  • Tax Lot 10
  • Tax Tract Number 24348
  • Assessor Parcel Number 8429008021
  • $1,421 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,670
  • Trash Expense $3,248
  • Water Sewer Expense $1,539
  • Operating Expense $9,560
  • Gross Income $64,800
  • Net Operating Income $48,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Parking

5

Listing Details

  • Assessments: No
  • CapRate: 2.80
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 1539.00
  • Zoning: CVR3-RD2000*
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 8429008021
  • Year Built: 1959
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 303.12

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Water Heater
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 3248.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre, Level
  • Lot Size Sq Ft: 7544.00
  • Lot Size Acres: 0.1732

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Security, Telephone

Multi Family

  • Average1 Bed Area: 866 Square Feet
  • Average2 Bed Area: 866 Square Feet
  • Average3 Bed Area: 866 Square Feet
  • Average Studio Area: 866 Square Feet
  • Gross Income: 64800.00
  • Gross Operating Income: 16800.00
  • Gross Scheduled Income: 64800.00
  • Insurance Expense: 1670.00
  • Lot Size Area: 7544.0000 Square Feet
  • Net Operating Income: 48600.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Dishwasher: 1
  • Number With Disposal: 1
  • Number With Range: 1
  • Operating Expense: 16200.00
  • Operating Expense Percent: 23.00
  • Rent Control: No
  • Total Expenses: 9560.00

Tax Info

  • Tax Census Tract: 4037.21
  • Tax Lot: 10
  • Tax Tract Number: 24348
  • TaxOtherAnnualAssessmentAmount: 1421.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 27, 2024
Closed on
Oct 9, 2025
Sold by
Cheng Sau Kuen and Cheng Wai Lim
Bought by
Marina Pacific Company Llc
Seller's Agent
Aldon Lai
High Ten Partners, Inc.
Buyer's Agent
Jan Magana
The R.R. Network
List Price
$1,250,000
Sold Price
$1,050,000
Premium/Discount to List
-$200,000
-16%
Views
10312

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
794.80%
Original Mortgage
$1,119,290
Outstanding Balance
$1,009,980
Interest Rate
6.3%
Mortgage Type
Construction
Estimated Equity
$241,222

Purchase Details

Listed on
Sep 16, 2013
Closed on
Oct 28, 2013
Sold by
Delu Helena
Bought by
Cheng Sau Kuen and Cheng Wai Lim
Seller's Agent
Han Widjaja-Chen
GIG Real Estate Inc.
Buyer's Agent
Yvonne Matloff
TSE REALTY & MANAGEMENT SERVIC
List Price
$660,000
Sold Price
$690,000
Premium/Discount to List
$30,000
4.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.57%
Original Mortgage
$476,250
Interest Rate
4.18%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 4, 2002
Sold by
Web Service Company Inc
Bought by
Plascencia Damacio M and Plascencia Alicia G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,600
Interest Rate
7.08%

Purchase Details

Closed on
Feb 26, 2002
Sold by
Plasencia Damacio M
Bought by
Delu Helena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,600
Interest Rate
7.08%

Purchase Details

Closed on
Aug 10, 1998
Sold by
Simmons Mary
Bought by
Plasencia Damacio M and Plasencia Alicia G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.88%

Purchase Details

Closed on
Jan 9, 1998
Sold by
Washington Mutual Fa
Bought by
Simmons Mary Louise

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,800
Interest Rate
6.9%

Purchase Details

Closed on
Sep 26, 1997
Sold by
Martinez Juan
Bought by
Great Western Bank
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Grant Deed $1,050,000 Ticor Title
Grant Deed $690,000 First American Title
Quit Claim Deed -- First American Title Co
Grant Deed $332,000 First American Title Co
Grant Deed $225,000 First American Title Co
Grant Deed $181,000 Chicago Title Co
Trustee Deed $147,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,119,290 Construction
Previous Owner $476,250 New Conventional
Previous Owner $265,600 No Value Available
Previous Owner $180,000 No Value Available
Previous Owner $144,800 No Value Available
Closed $33,200 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/10/2025 11/10/25 Sold $1,050,000 -12.4% $303 / Sq Ft
08/12/2025 08/12/25 Pending -- -- --
05/06/2025 05/06/25 Price Changed $1,199,000 -1.7% $346 / Sq Ft
04/10/2025 04/10/25 Price Changed $1,220,000 -2.4% $352 / Sq Ft
11/27/2024 11/27/24 For Sale $1,250,000 +81.2% $361 / Sq Ft
11/22/2013 11/22/13 Sold $690,000 +4.5% $199 / Sq Ft View Prior Sale
10/28/2013 10/28/13 Pending -- -- --
09/16/2013 09/16/13 For Sale $660,000 -- $191 / 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 $11,045 $845,836 $478,082 $367,754
2024 $11,045 $829,252 $468,708 $360,544
2023 $10,891 $812,993 $459,518 $353,475
2022 $10,752 $797,053 $450,508 $346,545
2021 $10,592 $781,425 $441,675 $339,750
2019 $10,358 $758,250 $428,576 $329,674
2018 $9,935 $743,383 $420,173 $323,210
2016 $9,395 $714,518 $403,858 $310,660
2015 $9,127 $703,786 $397,792 $305,994
2014 $9,008 $690,000 $390,000 $300,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR24240425

California Regional Multiple Listing Service (CRMLS)

APN: 8429-008-021