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20628 E Arrow Hwy, Covina, CA 91724
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20628 E Arrow Hwy Covina, CA 91724

$2,500,000 Sold Price as of 09/28/2022
  • -- Beds
  • -- Baths
  • 12,222 Sq.Ft.
Sold
$2,500,000 Sold Price as of 09/28/2022 Refinance Your Mortgage
Map preview of 20628 E Arrow Hwy, Covina, CA 91724

Property Overview: 20628 E Arrow Hwy Covina, CA has -- bedrooms, -- bathrooms, 12,222 living square feet and 32,617 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Current Rent Roll shows approximately $11,400 per month. Most tenants are month by month and extremely below market rent. Owners have own the property for over 38 years. Over the years owner form friendships with tenants; thus, they never increase their rent year over year but most tenants with way below market rent is month by month. Some tenants have been occupying for close to 20 years now. Pro forma rent is about $16k NNN. ($1.25 NNN for RETAIL UNITS and $1.25 gross for offices) Very good location and condition. The building was built in 1980, Lot size: 33,106 sq ft and Building Size: 12,222 sq ft. Total 15 units – 7 retail store with individual restrooms 8 office, share 2 men and 2 women restrooms Parking spaces: 48 + 2 handicap

Listed by Geoffery Huang | BRE #01877395 | RE/MAX Galaxy
Co-listed by Grace Zhang | BRE #01946544 | RE/MAX Galaxy
Last checked: 9 minutes ago | Last updated: October 6th, 2022 | Source CRMLS | DOM: 187

Home details

Lot Sq. Ft
32,617
HOA Dues
$0/mo
Year built
1980
Garage
--
Property Type:
Retail
Status
Sold
MLS#
TR22037959
City
Covina
County
Los Angeles
Time on Site
936 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: 1
  • # of Leased Units: 13
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 20628 E Arrow Hwy

Interior Features
Laundry Information
  • None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 0-1 Unit/Acre, Lot 20000-39999 Sqft, Rectangular Lot
  • Lot Size Source: Public Records
  • Common Interest: None
Property Information
  • Parcel Number: 8401002012
  • Year Built Source: Public Records
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Exit Covina Blvd from 57 and go west bound.
View more facts & features

Local Covina Agent

Sale History for 20628 E Arrow Hwy

Last sold for $2,500,000 on September 28th, 2022

  • September, 2022

  • Sep 28, 2022

    Date

    Sold

    CRMLS: TR22037959

    $2,500,000

    Price

  • Feb 25, 2022

    Date

    Active

    CRMLS: TR22037959

    $2,500,000

    Price

  • April, 2022

  • Apr 15, 2022

    Date

    Leased

    CRMLS: TR22037976

    $896

    Price

  • Feb 25, 2022

    Date

    Active

    CRMLS: TR22037976

    --

    Price

  • Listing provided courtesy of CRMLS

    The building was built in 1980, Lot size: 33,106 sq ft and Building Size: 12,222 sq ft. Total 15 units – 7 retail store with individual restrooms 8 office, share 2 man and 2 woman restrooms Parking spaces: 48 + 2 handicap

  • February, 2022

  • Feb 26, 2022

    Date

    Active

    CRMLS: TR22037986

    $1

    Price

  • Listing provided courtesy of CRMLS

    Second floor office for lease, 620 square feet. The building was built in 1980, Lot size: 33,106 sq ft and Building Size: 12,222 sq ft. Total 15 units – 7 retail store with individual restrooms 8 office, share 2 man and 2 woman restrooms Parking spaces: 48 + 2 handicap

  • May, 2008

  • May 15, 2008

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 20628 E Arrow Hwy

Assessed Value (2020): $928,625
Year Land Value Improved Value Assessed Value
2020 $344,071 $584,554 $928,625

Home Value Compared to the Market

This property vs the competition

20628 E Arrow Hwy sold on September 28, 2022 for 219.16% higher than the current median sold price for the city of Covina which is $783,315. The median sold price per/sqft for Covina is $502 and this home is sold at $204.55 per/sqft which puts the price per square foot 59.25% lower than the current median sale per square foot for the city of Covina.

About 20628 E Arrow Hwy

Detailed summary of property

20628 E Arrow Hwy is a retail that recently sold in Covina, CA 91724. This retail property offered -- bedrooms, -- bathrooms, roughly 12,222 living square feet, and sits on an approximately 32,617 square foot lot. 20628 E Arrow Hwy was first listed on ArdentRealEstateGroup.com on February 26, 2022. The homeowner sold the property for $2,500,000. Home in Covina are selling for a median price of $783,315 and a median price per square foot of $502. Based on Ardent Real Estate Group's Covina Market Data, this home is sold 219.16% higher than the current median priced home. Local homes that are currently for sale include 3975 Mission Inn Ave, 611 E Balboa Blvd and 204 E Highland Ave. While the average home in Covina, CA is selling in 52 days, 20628 E Arrow Hwy has a days on market of 187 days. There are currently 104 homes for sale in the Covina real estate market and 75 of them are single family homes while 19 of them are condos and 10 are townhomes. For more information on this home for sale at 20628 E Arrow Hwy Covina, CA 91724 contact Ardent Real Estate Group and we will put you in touch with one of our Covina agents.

Public Facts for 20628 E Arrow Hwy

Public county record property details
Beds
--
Baths
--
Year built
1980
Sq. Ft.
12,222
Lot Size
32,602
Stories
1
Type
Store/Office (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
4
APN
8401-002-012

The source for these homes facts are from public records.

91724 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,000,000
Median List Price/Sq.Ft.
$517
Median Sold Price
$830,000
Median Sold Price/Sq.Ft.
$462
Total Inventory
42
Median Sale to List Price %
98.22%
Avg Days on Market
30
Loan Type
Conventional (57.14%), FHA (21.43%), VA (7.14%), Cash (7.14%), Other (7.14%)

Thinking of Selling?

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(714) 706-1823

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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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