NOT LISTED FOR SALE

819 N Grandview Ave Covina, CA 91723

Estimated Value: $977,000 - $1,172,000

3 Beds
3 Baths
1,885 Sq Ft
$571/Sq Ft Est. Value

Last Sold August 26, 2019

Last sale price $739,900 $393 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $6,483/month

44 Days on Market

Highlights

  • Carpet
  • South Hills High School Rated A-
  • 1-Story Property

About This Home

As of August 2019

Please check the documents tab to access the marketing package. Located in Covina, California, this low maintenance triplex offers (3)-1 bed / 1 bath units and offers an incoming cap rate north of 4%. Two of the three units have been fully renovated with washer/dryer hook-ups and new split system air-conditioners. With the rear unit in need of a renovation, the new owner may realize a rental bump of approximately $275 per month. The property sits on a quiet residential street and has easy access to restaurants, retailers, and Stater Bros. market. Furthermore, the property is in proximity to Kahler Russell Park and Charter Oak High School. This property is ideal for a buyer looking for the possibility to lock in a low interest rate thirty year loan with great cash flow for an investment of this size. With the upside presented in the back unit, the project offers promise of growth in a great neighborhood.

Last Agent to Sell the Property

Casey Picard

Keller Williams Realty License #01921866 Listed on: 05/14/2019

Keller Williams Realty

Last Buyer's Agent

Casey Picard

Keller Williams Realty License #01921866 Listed on: 05/14/2019

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 6,720

Home Design

  • Property Attached

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Additional Features

  • 1-Story Property
  • 6,720 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 8429019003

Community Details

Overview

  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $950
  • Maintenance Expense $1,875
  • Trash Expense $1,200
  • Water Sewer Expense $2,350

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0

Listing Details

  • CapRate: 4.02
  • Property Attached: Yes
  • Subdivision Name Other: Not Applicable - 1007242
  • Water Sewer Expenses: 2350.00
  • Zoning: CVR3-RD2000*
  • Property Type: Residential Income
  • Parcel Number: 8429019003
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Flooring: Carpet, Vinyl
  • Levels: One

Utilities

  • Trash Expense: 1200.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6720.00
  • Lot Size Acres: 0.1500

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Multiplier: 15.82
  • Insurance Expense: 950.00
  • Lot Size Area: 6720.0000 Square Feet
  • Maintenance Expense: 1875.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Total Actual Rent: 47400.00
  • Vacancy Allowance Rate: 948.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2019
Closed on
Aug 9, 2019
Sold by
Poon Stanley Y and Poon Yoomi K
Bought by
Cheung Leonard Man Chung and Cheung Jennifer Yee Yung
Seller's Agent
Casey Picard
Keller Williams Realty
Buyer's Agent
Casey Picard
Keller Williams Realty
List Price
$750,000
Sold Price
$739,900
Premium/Discount to List
-$10,100
-1.35%
Current Estimated Value
$1,077,233

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$337,333
Avg. Annual Appreciation
6.08%
Original Mortgage
$443,940
Outstanding Balance
$388,809
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$688,424

Purchase Details

Listed on
May 13, 2016
Closed on
May 21, 2016
Sold by
Huot Long Kim
Bought by
Poon Stanley Y and Poon Yoomi K
Seller's Agent
Dina Elzik
MARK ELZIK, BROKER
Buyer's Agent
Richard Fewer
California Realty
List Price
$470,000
Sold Price
$485,000
Premium/Discount to List
$15,000
3.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.88%
Original Mortgage
$363,000
Interest Rate
3.58%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 13, 2016
Closed on
Apr 27, 2016
Sold by
Huot Investments Llc
Bought by
Huot Long Kim and Huot Tawny Tran
Seller's Agent
Dina Elzik
MARK ELZIK, BROKER
Buyer's Agent
Richard Fewer
California Realty
List Price
$470,000
Sold Price
$485,000
Premium/Discount to List
$15,000
3.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$363,000
Interest Rate
3.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 28, 2013
Sold by
Huot Long Kim
Bought by
Huot Investment Llc

Purchase Details

Listed on
Jul 5, 2011
Closed on
Dec 5, 2011
Sold by
Gomez Javier S
Bought by
Huot Long Kim and Huot Tawny Tran
Seller's Agent
Christian Fuentes
RE/MAX TOP PRODUCERS
Buyer's Agent
Rodrigo Alvar
RODRIGO ALVAR, BROKER
List Price
$429,900
Sold Price
$395,000
Premium/Discount to List
-$34,900
-8.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.47%
Original Mortgage
$245,000
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 29, 2008
Sold by
Gomez Javier S
Bought by
Gomez Javier S and Gomez Ida M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
6.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 14, 2005
Sold by
Gomez Javier S
Bought by
Gomez Javier S and Gomez Ida M

Purchase Details

Closed on
Nov 5, 1999
Sold by
Kato Kazuko
Bought by
Gomez Javier S and Gomez Ida M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
7.83%

Purchase Details

Closed on
Sep 7, 1993
Sold by
Kato Kazuko
Bought by
Kato Kazuko

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
7.28%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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 Buyer Sale Price Title Company
Cheung Leonard Man Chung $740,000 Chicago Title Company
Poon Stanley Y $485,000 First American Title Company
Huot Long Kim -- None Available
Huot Investment Llc -- Accommodation
Huot Long Kim $395,000 Fidelity National Title Co
Gomez Javier S -- Southland Title
Gomez Javier S -- --
Gomez Javier S $200,000 Fidelity Title
Kato Kazuko -- Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cheung Leonard Man Chung $443,940
Previous Owner Poon Stanley Y $363,000
Previous Owner Huot Long Kim $245,000
Previous Owner Gomez Javier S $260,000
Previous Owner Gomez Javier S $160,000
Previous Owner Kato Kazuko $75,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/26/2019 08/26/19 Sold $739,900 -1.3% $393 / Sq Ft
06/27/2019 06/27/19 Pending -- -- --
05/14/2019 05/14/19 For Sale $750,000 +54.6% $398 / Sq Ft
05/27/2016 05/27/16 Sold $485,000 +3.2% $257 / Sq Ft View Prior Sale
05/10/2016 05/10/16 Pending -- -- --
03/24/2016 03/24/16 For Sale $470,000 +19.0% $249 / Sq Ft
02/01/2012 02/01/12 Sold $395,000 -8.1% $210 / Sq Ft View Prior Sale
12/02/2011 12/02/11 Pending -- -- --
07/05/2011 07/05/11 For Sale $429,900 -- $228 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

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 $10,266 $809,292 $546,820 $262,472
2024 $10,266 $793,425 $536,099 $257,326
2023 $10,120 $777,869 $525,588 $252,281
2022 $9,990 $762,618 $515,283 $247,335
2021 $9,849 $747,666 $505,180 $242,486
2019 $7,127 $514,685 $360,810 $153,875
2018 $6,803 $504,594 $353,736 $150,858
2016 $5,765 $426,494 $270,460 $156,034
2015 $5,602 $420,089 $266,398 $153,691
2014 $5,534 $411,861 $261,180 $150,681
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P0-819002220

Pasadena-Foothills Association of REALTORS®

APN: 8429-019-003