NOT LISTED FOR SALE

1831 E Grovecenter St West Covina, CA 91791

22 Beds
9 Baths
32,611 Sq Ft
1.24 Acres

Last Sold July 15, 2016

Last sale price $6,880,000 $211 Per Sq Ft

82 Days on Market

Highlights

  • No Units Above
  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • 1.24 Acre Lot
  • Ceramic Countertops
  • Central Heating

About This Home

As of July 2016

32 Units Multifamily property, Comprised of 5 Buildings, including 15 of Two Bedroom, One and Half Bath, 16 of Three Bedroom, One and Half
Bath, and 1 of Four Bedroom, Two and Half Bath units. All Two Story With Private Patio, Townhome Style.
The Well Maintained and Nicely Landscaped Property Is Individually Metered For Gas and Electricity.
Every Units Is Equipped With Wall or Window Air Conditioners.
On-Site Laundry Facility In The Complex.
Ample Carport and Uncovered Parking Spaces With Storage Areas.
Drive-By Only. Please Do Not Disturb Tenants. Thank You.

Last Listed By

Kin-Chih Wang

Al Mar Company License #00841439 Listed on: 02/25/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 1.24 Acre Lot
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • Density is 26-30 Units/Acre

Home Design

  • 32,611 Sq Ft Home
  • Property Attached

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Ceramic Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 22 Bedrooms
  • All Upper Level Bedrooms
  • 9 Bathrooms

Parking

  • 81 Parking Spaces
  • 34 Carport Spaces

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating
  • Heat Pump System
  • Gas Water Heater
  • Phone Available
  • Cable TV Available

Additional Features

  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 5-8
  • Tax Tract Number 23537
  • Assessor Parcel Number 8443001022

Community Details

Overview

  • 5 Buildings
  • 32 Units

Amenities

  • Laundry Facilities

Building Details

  • 33 Separate Electric Meters
  • 33 Separate Gas Meters
  • 1 Separate Water Meter
  • Cable TV Expense $14,700
  • Electric Expense $2,129
  • Gardener Expense $7,920
  • Insurance Expense $6,216
  • Maintenance Expense $52,150
  • Other Expense $1,328
  • Pest Control $1,850
  • Professional Management Expense $49,420
  • Supplies Expense $530
  • Trash Expense $9,408
  • Water Sewer Expense $17,322
  • New Taxes Expense $71,547
  • Gross Income $47,075
  • Net Operating Income $317,509

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Price Per Unit: 215250
  • Professional Management Expense: 49420.00
  • Property Attached: Yes
  • Supplies Expense: 530.00
  • Water Sewer Expenses: 17322.00
  • Property Type: Residential Income
  • Gardener Expense: 7920.00
  • Parcel Number: 8443001022
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceramic Counters, Pantry
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Flooring: Laminate, Carpet
  • Appliances: Yes
  • Price Per Square Foot: 210.97
  • Room Type: All Bedrooms Up

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 34.00
  • Total Parking Spaces: 81.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Phone Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Oven, Gas Range, Gas Cooktop, Gas Water Heater
  • Heating Type: Central, Heat Pump
  • Laundry Features: Community
  • Pest Control Expense: 1850.00
  • Trash Expense: 9408.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights

Lot Info

  • Lot Features: 26-30 Units/Acre
  • Lot Size Sq Ft: 54080.00
  • Price Per Lot Square Foot: 127.22
  • Lot Size Acres: 1.2420

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Cable TV Expense: 14700.00
  • Electric Expense: 2129.00
  • Gross Income: 47075.00
  • Gross Scheduled Income: 564900.00
  • Insurance Expense: 6216.00
  • Lot Size Area: 54080.0000 Square Feet
  • Maintenance Expense: 52150.00
  • Net Operating Income: 317509.00
  • Number Of Separate Electric Meters: 33
  • Number Of Separate Gas Meters: 33
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 32
  • Number Wall A C: 64
  • Operating Expense: 241742.00
  • Other Expense: 1328.00
  • Other Expense Description: genaral
  • Rent Control: No
  • Total Actual Rent: 46775.00
  • Vacancy Allowance: 5649

Tax Info

  • New Taxes Expense: 71547.00
  • Tax Lot: 5-8
  • Tax Tract Number: 23537

Range of Values:

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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 Change Sq Ft Price
07/15/2016 07/15/16 Sold $6,880,000 0.0% $211 / Sq Ft
05/17/2016 05/17/16 Pending -- -- --
02/25/2016 02/25/16 For Sale $6,880,000 -- $211 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2016

    Kin-Chih Wang

    Al Mar Company

    (714) 821-8999

    3 Total Sales

    Kin-Chih Wang
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS16039331

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County West Covina 91791

1831 E Grovecenter St, West Covina, CA

Homes for Sale in West Covina, CA

This home is located at 1831 E Grovecenter St, West Covina, CA 91791 since 25 February 2016. This property was built in 1960. 1831 E Grovecenter St is a home located in Los Angeles County with nearby schools including Workman Elementary School, Traweek Middle School, and Covina High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) 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