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2355 E Garvey Ave, West Covina, CA 91791
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2355 E Garvey Ave West Covina, CA 91791

$2,000,000
  • 12 Beds
  • 8 Baths
  • 5,868 Sq.Ft.
For Sale
$2,000,000 Get Pre-Qualified
Map preview of 2355 E Garvey Ave, West Covina, CA 91791

Property Overview: 2355 E Garvey Ave West Covina, CA has 12 bedrooms, 8 bathrooms, 5,868 living square feet and 11,903 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Easy to manage 8-unit apartment located in West Covina. Convenient access to Freeway 10 and shopping centers. There are 2 buildings with 4 units in each building: 2 bed/1 bath x 4 units AND 1 bed/1 bath x 4 units. 100% leased with upside rent income potential. Onsite laundry facility provides extra income. Assigned parking: 6 carport and 6 uncovered parking spaces. Most units were remodeled and upgraded with newer window AC units. Property sold in as-is condition.

Listed by Yale Huang | BRE #01109851 | AC REAL ESTATE SERVICES, INC.
Co-listed by Angela Chu | BRE #01322834 | AC REAL ESTATE SERVICES, INC.
Last checked: 27 seconds ago | Last updated: August 31st, 2024 | Source CRMLS | DOM: 19

Home details

Lot Sq. Ft
11,903
HOA Dues
$0/mo
Year built
1959
Garage
--
Property Type:
Apartment
Status
Active
MLS#
CV24177400
City
West Covina
County
Los Angeles
Time on Site
19 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 2
  • # of Leased Units: 8
  • # of Electric Meters: 8
  • # of Gas Meters: 8
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Partially
  • Actual Rent: $1,030
  • Total Rent: $1,030
  • Pro Forma/Market Rent: $1,300
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Partially
  • Actual Rent: $1,320
  • Total Rent: $1,320
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Partially
  • Actual Rent: $1,378
  • Total Rent: $1,378
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Partially
  • Actual Rent: $1,039
  • Total Rent: $1,039
  • Pro Forma/Market Rent: $1,300
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Partially
  • Actual Rent: $1,315
  • Total Rent: $1,315
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Partially
  • Actual Rent: $1,092
  • Total Rent: $1,092
  • Pro Forma/Market Rent: $1,300
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Partially
  • Actual Rent: $1,092
  • Total Rent: $1,092
  • Pro Forma/Market Rent: $1,300
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Partially
  • Actual Rent: $1,357
  • Total Rent: $1,357
  • Pro Forma/Market Rent: $1,700
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $9,623
  • Net Operating Income: $78,225
  • Gross Operating Income: --
  • Laundry Income: $1,054
  • Laundry Own/Lease: Lease
Annual Expense Breakdown
  • Total Operating Expense: $38,305
  • Electric: $997
  • Licenses: $250
  • Trash: $5,671
  • Gardener: $805
  • Insurance: $2,951
  • Maintenance: $3,000
  • Professional Management: $0
  • Water/Sewer: $4,243

Open Houses for 2355 E Garvey Ave

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Property Details for 2355 E Garvey Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Community, Individual Room
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate, Vinyl
  • Family Room, Kitchen
Kitchen Information
  • Has Appliances
  • Gas Oven, Gas Range, Gas Water Heater, Microwave
Interior Features
  • Ceiling Fan(s)
  • Levels: Two
  • Window Features: Double Pane Windows
  • Security Features: Carbon Monoxide Detector(s), Closed Circuit Camera(s), Gated Community, Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Shingle
  • Lighting
  • Has Fence
  • Block, Chain Link
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 12
  • Has Parking
  • Parking Features: Assigned, Covered, On Site, Parking Space, Private
Lot Information
  • Lot Features: Front Yard, Landscaped, Sprinkler System
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • No View
  • View: None
  • Common Walls: 2+ Common Walls
  • Total # of Units: 8
  • Parcel Number: 8453026029
  • Year Built Source: Assessor
  • Architectural Style: Traditional
  • Entry Level: 1
  • Property is Attached
  • Offered With Property: Please refer to each tenant lease agreement for details.
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Natural Gas Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: North of 10 Freeway, between Citrus Ave. and Hollenbeck Ave.
  • Road Frontage Type: Access Road
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local West Covina Agent

Sale History for 2355 E Garvey Ave

Last sold for $1,195,000 on October 11th, 2013

  • August, 2024

  • Aug 30, 2024

    Date

    Active

    CRMLS: CV24177400

    $2,000,000

    Price

  • October, 2013

  • Oct 11, 2013

    Date

    Sold (Public Records)

    Public Records

    $1,195,000

    Price

  • October, 2006

  • Oct 25, 2006

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 2355 E Garvey Ave

Assessed Value (2020): $1,340,265
Year Land Value Improved Value Assessed Value
2020 $784,625 $555,640 $1,340,265

Home Value Compared to the Market

This property vs the competition

2355 E Garvey Ave is listed 135.33% higher than the median list price for the city of West Covina which has a median list price of $849,888. The median price per/sqft for West Covina is $512 and this home is listed at $340.83 per/sqft which puts the price per square foot 33.43% lower than the median price per square foot for the city of West Covina.

About 2355 E Garvey Ave

Detailed summary of property

2355 E Garvey Ave is a apartment located in West Covina, CA 91791 and is currently for sale. This apartment offers 12 bedrooms, 8 bathrooms, roughly 5,868 living square feet, and sits on an approximately 11,903 square foot lot. 2355 E Garvey Ave was first listed on ArdentRealEstateGroup.com on August 31, 2024. The homeowner is currently asking $2,000,000. The median priced home in West Covina is $849,888 with a median price per square foot of $512. Based on Ardent Real Estate Group's West Covina Market Data, this home is listed 135.33% higher than the median priced home. Local competing homes currently for sale include 12429 Lambert Rd, 1600 N Placentia Ave and 3112 Pearl Dr. While the average home in West Covina, CA is selling in 58 days, 2355 E Garvey Ave has a days on market of 19 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 2355 E Garvey Ave West Covina, CA 91791 contact Ardent Real Estate Group and we will put you in touch with one of our West Covina agents.

Public Facts for 2355 E Garvey Ave

Public county record property details
Beds
10
Baths
8
Year built
1959
Sq. Ft.
5,868
Lot Size
11,899
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
52,53
APN
8453-026-029

The source for these homes facts are from public records.

91791 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$999,999
Median List Price/Sq.Ft.
$484
Median Sold Price
$800,000
Median Sold Price/Sq.Ft.
$450
Total Inventory
43
Median Sale to List Price %
114.45%
Avg Days on Market
35
Loan Type
Conventional (40%), FHA (0%), VA (0%), Cash (50%), Other (10%)

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West Covina Agent
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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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