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112 N Walnuthaven Dr, West Covina, CA 91790
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112 N Walnuthaven Dr West Covina, CA 91790

$2,150,000 Sold Price as of 08/26/2022
  • 8 Beds
  • 10 Baths
  • 6,216 Sq.Ft.
Sold
$2,150,000 Sold Price as of 08/26/2022 Refinance Your Mortgage
Map preview of 112 N Walnuthaven Dr, West Covina, CA 91790

Property Overview: 112 N Walnuthaven Dr West Covina, CA has 8 bedrooms, 10 bathrooms, 6,216 living square feet and 10,389 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present our exclusive listing of 10 Units located on North Walnuthaven Drive in a High Demand Rental Area of West Covina. The subject property features an Excellent Unit Mix of Studio, 1 and 2 Bedroom Units and is comprised of (TWO) 2 Bedroom + 1 Bathroom Units, (FOUR) 1 Bedroom + 1 Bathroom and (FOUR) Studio Units. Total rentable square footage of the building is approximately 6,216 sq. ft. (built in 1959) on a large sized lot measuring 10,389 sq. ft. zoned WCR3-MF20*. Tenants enjoy the convenience of on-site laundry room while Landlord enjoys the additional income from the machines. Property is situated on a Prime Corner Location and 2 Blocks from the Westfield Shopping Plaza of West Covina. In this limited market inventory and with a substantial improvement approach, a new investor may bring this value-add potential to its rental upside of +/-29%. This property is a great asset for an exchange purchase or an investor seeking growth & stability in a desirable rental community. Please Note: Buyer to Assume CHASE Loan (with an Approx. Balance of $988,000) at 3.25% Fixed until 11/01/2026. Contact listing agent for more details.

Listed by Shant Sherbetdjian | BRE #01713570 | Remax Commercial and Investment Realty
Last checked: 7 minutes ago | Last updated: September 2nd, 2022 | Source CRMLS | DOM: 13

Home details

Lot Sq. Ft
10,389
HOA Dues
$0/mo
Year built
1959
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22174759
City
West Covina
County
Los Angeles
Time on Site
786 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 10
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,588
  • Total Rent: $3,176
  • Pro Forma/Market Rent: $4,000
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,093
  • Total Rent: $4,372
  • Pro Forma/Market Rent: $5,800
Unit Breakdown 3
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,299
  • Total Rent: $5,198
  • Pro Forma/Market Rent: $6,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 15.59
  • Gross Scheduled Income: --
  • Net Operating Income: $85,694
  • Gross Operating Income: $149,330
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 112 N Walnuthaven Dr

Interior Features
Laundry Information
  • Has Laundry
  • Individual Room
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 10
  • Has Parking
  • Parking Features: Covered
Property Information
  • Total # of Units: 10
  • Parcel Number: 8457022017
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: The 112 North Walnuthaven Drive Apartments are situated in the city of West Covina on the corner of North Walnuthaven Drive and West Garvey Avenue. Nearest Major Cross Streets are West Covina Parkway and South Sunset Avenue.
View more facts & features

Local West Covina Agent

Sale History for 112 N Walnuthaven Dr

Last sold for $2,150,000 on August 26th, 2022

  • August, 2022

  • Aug 26, 2022

    Date

    Sold

    CRMLS: 22174759

    $2,150,000

    Price

  • Jul 12, 2022

    Date

    Active

    CRMLS: 22174759

    $2,400,000

    Price

  • April, 2014

  • Apr 8, 2014

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • March, 2014

  • Mar 20, 2014

    Date

    Sold (Public Records)

    Public Records

    $1,278,000

    Price

Show More

Tax History for 112 N Walnuthaven Dr

Assessed Value (2020): $1,433,698
Year Land Value Improved Value Assessed Value
2020 $448,355 $985,343 $1,433,698

Home Value Compared to the Market

This property vs the competition

112 N Walnuthaven Dr sold on August 26, 2022 for 197.88% higher than the current median sold price for the city of West Covina which is $805,685. The median sold price per/sqft for West Covina is $520 and this home is sold at $386.1 per/sqft which puts the price per square foot 25.75% lower than the current median sale per square foot for the city of West Covina.

About 112 N Walnuthaven Dr

Detailed summary of property

112 N Walnuthaven Dr is a multi family that recently sold in West Covina, CA 91790. This multi family property offered 8 bedrooms, 10 bathrooms, roughly 6,216 living square feet, and sits on an approximately 10,389 square foot lot. 112 N Walnuthaven Dr was first listed on ArdentRealEstateGroup.com on July 26, 2022. The homeowner sold the property for $2,150,000. Home in West Covina are selling for a median price of $805,685 and a median price per square foot of $520. Based on Ardent Real Estate Group's West Covina Market Data, this home is sold 197.88% higher than the current median priced home. Local homes that are currently for sale include 2030 E Wilshire Ave, 12642 Kalnor Ave and 216 W Santa Fe Ave. While the average home in West Covina, CA is selling in 58 days, 112 N Walnuthaven Dr has a days on market of 13 days. There are currently 117 homes for sale in the West Covina real estate market and 82 of them are single family homes while 25 of them are condos and 10 are townhomes. For more information on this home for sale at 112 N Walnuthaven Dr West Covina, CA 91790 contact Ardent Real Estate Group and we will put you in touch with one of our West Covina agents.

Public Facts for 112 N Walnuthaven Dr

Public county record property details
Beds
8
Baths
10
Year built
1959
Sq. Ft.
6,216
Lot Size
10,389
Stories
--
Type
Apartment House (5+ Units)
Pool
Yes
Spa
No
County
Los Angeles
Lot#
6,16
APN
8457-022-017

The source for these homes facts are from public records.

91790 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$835,000
Median List Price/Sq.Ft.
$554
Median Sold Price
$798,185
Median Sold Price/Sq.Ft.
$532
Total Inventory
43
Median Sale to List Price %
101.04%
Avg Days on Market
22
Loan Type
Conventional (60%), FHA (0%), VA (0%), Cash (25%), Other (15%)

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Recently Sold Homes Near 112 N Walnuthaven Dr

115 N Walnuthaven Dr, West Covina, CA 91790
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26232 Sq.Ft.
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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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