2000 W Pacific Ave West Covina, CA 91790

$18,800,000 Sold Price as of 12/19/2017

-- Beds
-- Baths
83,200 Sq.Ft.

Off Market

$18,800,000 Sold Price as of 12/19/2017 Refinance Your Mortgage

Map preview of 2000 W Pacific Ave, West Covina, CA 91790

Property Overview: 2000 W Pacific Ave West Covina, CA has -- bedrooms, -- bathrooms, 83,200 living square feet and 267,894 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

2000 W Pacific Ave is currently an off market home in the city of West 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 West Covina has a median list price of $849,888. The median price per/sqft for West Covina is $512. With those numbers in mind, if you are looking to purchase a median priced home in West Covina, CA and put 20% down you will need to save up $169,978 for the down payment and will need roughly $16,998 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 West Covina the commission could be as much as $40,285. 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 2000 W Pacific Ave

Last sold for $18,800,000 on December 19th, 2017

December, 2017
Dec 21, 2017

Date

Sold

CRMLS: CV17206590

$18,800,000

Price
Sep 22, 2017

Date

Pending

CRMLS: CV17206590

$18,750,000

Price
Sep 7, 2017

Date

Active

CRMLS: CV17206590

$18,750,000

Price
Listing provided courtesy of CRMLS

Mauna Loa offers an investor a unique opportunity to acquire a larger-sized asset with a proven value-add opportunity in the San Gabriel Valley. West Covina is ideally located, providing residents access to both Los Angeles, Northern Orange County, and the Inland Empire. Apartment operations continue to improve in West Covina as there is a lack of new supply being introduced to the market, coupled with the demand for infill San Gabriel Valley apartments. Axiometrics projects an average annual growth of 3.22% over the next five years, while occupancy levels are expected to average 95.88% over the same period.An investor will have the opportunity to continue the current renovation plan to achieve greater revenue upside through comprehensive unit upgrades. Additionally, Mauna Loa Garden has many under-utilized open spaces that can be repurposed to offer tenants a greater property amenity package. The property currently offers residents a swimming pool, barbecue area, three laundry facilities, leasing office, large private patios, and courtyards. Mauna Loa Garden is being offered free and clear of debt encumbrances, allowing an investor to take advantage of multiple different accretive debt structures.

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December, 2017
Dec 19, 2017

Date

Sold (Public Records)

Public Records

$18,800,000

Price
December, 2017
Dec 19, 2017

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 2000 W Pacific Ave

Assessed Value (2020): $18,728,450

Year	Land Value	Improved Value	Assessed Value
2020	$12,484,800	$6,243,650	$18,728,450

About 2000 W Pacific Ave

Detailed summary of property

2000 W Pacific Ave is categorized with a use code of Apartment House (5+ Units) in West Covina, CA 91790 and last sold on December 19, 2017 for $18,800,000. This property has -- bedrooms, -- bathrooms, roughly 83,200 living square feet, and sits on an approximately 267,894 square foot lot. Homes 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 2233.42% higher than the current median priced home. 2000 W Pacific Ave was last sold on December 19, 2017 for $18,800,000. Local nearby listings include 1317 West Bainbridge Avenue, 821 W Spruce St and 1030 E Shamwood St. The average home in West Covina, CA is selling in 58 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. If you are the homeowner and looking to sell the home at 2000 W Pacific Ave 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 2000 W Pacific Ave

Public county record property details

Beds: --
Baths: --
Year built: 1963
Sq. Ft.: 83,200
Lot Size: 267,894
Stories: --

Type: Apartment House (5+ Units)
Pool: Yes
Spa: No
County: Los Angeles
Lot#: --
APN: 8459-027-002

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

Median Sale to List Price %

101.04%

Avg Days on Market

Loan Type

Conventional (60%), FHA (0%), VA (0%), Cash (25%), Other (15%)

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