NOT LISTED FOR SALE

Covina, CA 91723

6 Beds
6 Baths
4,152 Sq Ft
10,504 Sq Ft Lot

Last Sold March 24, 2022

Last sale price $1,590,000 $383 Per Sq Ft

5 Days on Market

Highlights

  • Corner Lot
  • South Hills High School Rated A-
  • Laundry Room

About This Home

As of March 2022

6 unit property located in the heart of Covina. All units are single-story 1 bedroom/1 bath. There are 6 single car garages and 2 enclosed carports on the property. The property is within walking distance (1 block) to downtown Covina which offers shopping and dining and has a Walk Score of 79. Conveniently located within walking distance to the Metrolink Station and near the 210, 10, and 57 freeways. Each unit is separately metered for gas and electricity. The property has a central laundry facility that provides additional monthly income. There is a potential for an ADU conversion of 2 of the garages in the rear. This is a great investment for a first-time investor or a seasoned investor looking to add a prime location to their portfolio.

Last Agent to Sell the Property

Brian Vosberg

VOSBERG & ASSOCIATES License #01398088 Listed on: 02/28/2022

Last Buyer's Agent

Justin McCardle

Growth Investment Group Pasade License #01895720

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 10,504 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot

Parking

  • 1 Open Parking Space
  • 6 Car Garage
  • 2 Carport Spaces

Home Design

  • 4,152 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Legal Lot and Block 12 / 9
  • Assessor Parcel Number 8445011020

Community Details

Overview

  • 3 Buildings
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $650
  • Insurance Expense $2,942
  • Trash Expense $1,650
  • Water Sewer Expense $1,780
  • New Taxes Expense $21,504
  • Operating Expense $28,696
  • Gross Income $91,500
  • Net Operating Income $62,804

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Parking

6

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1780.00
  • Zoning: CVR3-RD1250*
  • Property Type: Residential Income
  • Parcel Number: 8445011020
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 382.95

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 6.00
  • Total Parking Spaces: 9.00
  • Uncovered Spaces: 1.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 1650.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 10504.00
  • Lot Size Acres: 0.2411

Multi Family

  • Electric Expense: 650.00
  • Gross Income: 91500.00
  • Gross Scheduled Income: 91500.00
  • Insurance Expense: 2942.00
  • Laundry Income: 1500.00
  • Lot Size Area: 10504.0000 Square Feet
  • Net Operating Income: 62804.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 28696.00
  • Rent Control: Yes
  • Total Expenses: 28696.00

Tax Info

  • New Taxes Expense: 21504.00
  • Tax Block: 9
  • Tax Census Tract: 4061.02
  • Tax Lot: 12

Range of Values:

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Value Increase
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Percent Increase
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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

Property History

Date Event Price List to Sale Price per Sq Ft
03/24/2022 03/24/22 Sold $1,590,000 -3.6% $383 / Sq Ft
03/05/2022 03/05/22 Pending -- -- --
02/28/2022 02/28/22 For Sale $1,650,000 -- $397 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2022

    Brian Vosberg

    VOSBERG & ASSOCIATES

    (626) 358-5458

    3 in this area

    7 Total Sales

    Brian Vosberg
    Section Image
  • Justin McCardle

    Buyer's Agent in 2022

    Justin McCardle

    Growth Investment Group Pasade

    (626) 594-4650

    2 in this area

    27 Total Sales

    Justin McCardle
    Section Image
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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV22039178

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Covina

91723

Not Listed for Sale

MultiFamily

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