154 E Arrow Hwy Covina, CA 91722

$1,250,000 Sold Price as of 01/11/2019

-- Beds
-- Baths
2,095 Sq.Ft.

Off Market

$1,250,000 Sold Price as of 01/11/2019 Refinance Your Mortgage

Property Overview: 154 E Arrow Hwy Covina, CA has -- bedrooms, -- bathrooms, 2,095 living square feet and 24,004 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

154 E Arrow Hwy is currently an off market home in the city of Covina. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Covina has a median list price of $750,000. The median price per/sqft for Covina is $480. With those numbers in mind, if you are looking to purchase a median priced home in Covina, CA and put 20% down you will need to save up $150,000 for the down payment and will need roughly $15,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Covina the commission could be as much as $36,500. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 154 E Arrow Hwy

Last sold for $1,250,000 on January 14th, 2019

January, 2019
Jan 15, 2019

Date

Sold

CRMLS: AR18179408

$1,250,000

Price
Jul 25, 2018

Date

Active

CRMLS: AR18179408

$1,400,000

Price
Listing provided courtesy of CRMLS

This property is a free-standing 2,145 SF restaurant building with Drive-Through situated on over 24,000 SF of land. It has been recently remodeled with an updated exterior and dining area. It has 2 points of ingress and egress. The kitchen is fully fixturized with a hood system, grills, under-sink grease interceptor, walk-in refrigerator, freezer, three-tub sink, prep areas, serving counter and a new POS system. It has a front order counter to busy Arrow Highway. Extra office/storage is available on the premises with an approximate 800 SF rear building. Potential to redevelop with larger restaurant on-site. The property is located along the highly trafficked Arrow Highway at the signalized intersection of Citrus. It is located adjacent to a new drive-through Starbucks and across from a busy CVS shopping Center. Close access to both the 210 and 10 freeways.

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January, 2019
Jan 11, 2019

Date

Sold (Public Records)

Public Records

$1,250,000

Price
January, 2019
Jan 1, 2019

Date

Expired

CRMLS: AR18114912

--

Price
May 16, 2018

Date

Active

CRMLS: AR18114912

--

Price
Listing provided courtesy of CRMLS

This property is available to lease the existing restaurant or on a long term ground lease to construct a new building. The existing restaurant is 2,145 SF recently remodeled situated on over 24K SF of land. The restaurant has an existing CUP for a drive-thru window. Operating currently as a Pho Vietnamese quick serve restaurant. The restaurant is fully equipped with a build-out kitchen, walk in refrigerator, under-sink grease interceptor, dining area and front service window. The large parking lot provides ample parking with two points of ingress and egress. A large lighted pole-sign provides excellent visibility as well as prominent building signage. The property is located at the highly trafficked intersection of Arrow Highway and Citrus. Adjacent to a new Starbucks with drive-thru and across from CVS and a large grocery store.

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January, 2018
Jan 9, 2018

Date

Sold (Public Records)

Public Records

$800,000

Price

Tax History for 154 E Arrow Hwy

Assessed Value (2020): $1,275,000

Year	Land Value	Improved Value	Assessed Value
2020	$754,800	$520,200	$1,275,000

About 154 E Arrow Hwy

Detailed summary of property

154 E Arrow Hwy is categorized with a use code of Fast Food Restaurant / Drive-Thru in Covina, CA 91722 and last sold on January 11, 2019 for $1,250,000. This property has -- bedrooms, -- bathrooms, roughly 2,095 living square feet, and sits on an approximately 24,004 square foot lot. Homes in Covina are selling for a median price of $730,000 and a median price per square foot of $506. Based on Ardent Real Estate Group's Covina Market Data, this home is sold 71.23% higher than the current median priced home. 154 E Arrow Hwy was last sold on January 11, 2019 for $1,250,000. Local nearby listings include 19313 E Rowland St, 750 N Ivescrest Ave and 1240 N Citrus Ave #1. The average home in Covina, CA is selling in 56 days. There are currently 100 homes for sale in the Covina real estate market and 70 of them are single family homes while 20 of them are condos and 10 are townhomes. If you are the homeowner and looking to sell the home at 154 E Arrow Hwy Covina, CA 91722 contact Ardent Real Estate Group and we will put you in touch with one of our Covina agents.

Public Facts for 154 E Arrow Hwy

Public county record property details

Beds: --
Baths: --
Year built: 1967
Sq. Ft.: 2,095
Lot Size: 24,004
Stories: 1

Type: Fast Food Restaurant / Drive-Thru
Pool: No
Spa: No
County: Los Angeles
Lot#: --
APN: 8406-001-034

The source for these homes facts are from public records.

91722 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$729,900

Median List Price/Sq.Ft.

$495

Median Sold Price

$700,000

Median Sold Price/Sq.Ft.

$564

Total Inventory

Median Sale to List Price %

101.45%

Avg Days on Market

Loan Type

Conventional (52.38%), FHA (9.52%), VA (0%), Cash (23.81%), Other (9.52%)

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