2400 S Ridgewood Dr, West Covina, CA 91792
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2400 S Ridgewood Dr West Covina, CA 91792

$1,499,900
  • 9 Beds
  • 5.5 Baths
  • 4,050 Sq.Ft.
For Sale
$1,499,900 Get Pre-Qualified

Map preview of 2400 S Ridgewood Dr, West Covina, CA 91792

Property Overview: 2400 S Ridgewood Dr West Covina, CA has 9 bedrooms, 5.5 bathrooms, 4,050 living square feet and 9,004 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: We are thrilled to present 2400 S Ridgewood Dr, a well maintained four-unit property in desirable West Covina. This outstanding asset is located in a sought-after community with access to a shared pool. The property comprises: Unit 1: A spacious 3-bedroom, 1.5-bathroom unit featuring a large living room with a fireplace, a dining room, a kitchen with granite countertops, ample cabinetry, and stainless steel appliances including a stove, range hood, dishwasher, and fridge. This unit also offers a private patio, a powder room downstairs, an upstairs bathroom with dual sinks, and a two-car garage. Unit 2: This 2-bedroom, 1.5-bathroom unit includes a living room, dining room, kitchen with granite countertops, and appliances including a fridge. It also has a guest powder room downstairs, a full bath upstairs, a private patio, a one-car garage, and a covered carport. Unit 3: Similar in interior layout to Unit 2, this 2-bedroom, 1.5-bathroom unit includes a one-car garage and an additional uncovered parking space. Unit 4: This 2-bedroom, 1-bathroom unit features a living room, dining room, kitchen with granite countertops, and appliances including a fridge. It also has a shared full bath with an extra sink, a balcony, a one-car garage, and an uncovered parking space. All units and the building’s exterior have been freshly painted. Additional features include dual-pane windows, tiled and laminate wood flooring, updated kitchens and bathrooms, separate meters for electricity and gas, and individual laundry hookups. Units 1,2,4 are vacant and ready for move-in at market rate. Unit 3 is scheduled to move out by mid Oct. All units will be delivered vacant at closing. The Gross Scheduled Income is not guaranteed and based on Pro Forma ESTIMATED Rent. Buyer is to perform own research. 2400 S Ridgewood Dr represents a rare opportunity for investors to acquire a well-cared-for property in a market where available options are limited. Buyer to cooperate with seller’s 1031 exchange at no cost. Square footage has not been measured; buyers are encouraged to verify.

Listed by Lina Chu | BRE #01431278 | Re/Max Vision
Last checked: 5 minutes ago | Last updated: September 17th, 2024 | Source CRMLS | DOM: 3

Home details

Lot Sq. Ft
9,004
HOA Dues
$0/mo
Year built
1978
Garage
5 Car
Property Type:
Fourplex
Status
Active
MLS#
CV24191220
City
West Covina
County
Los Angeles
Time on Site
2 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $2,850
  • Pro Forma/Market Rent: $2,850
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $2,500
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $2,500
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $2,500
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $124,200
  • Net Operating Income: $102,440
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $21,760
  • Trash: $3,744
  • Insurance: $2,122
  • Water/Sewer: $1,944
  • Other Expenses: $13,950
  • Other Expense Description: PropTax

Open Houses for 2400 S Ridgewood Dr

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Sunday, Sep 22nd: 1:00pm-4:00pm
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Property Details for 2400 S Ridgewood Dr

Interior Features
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Washer Hookup
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: Association
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 5
  • # of Parking Spaces: 8
Lot Information
  • Lot Features: Corner Lot, Gentle Sloping
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Total # of Units: 4
  • Parcel Number: 8735010039
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: 60 Freeway exit Nogales St to North, L Amar Rd, R Ridgewood Dr
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local West Covina Agent

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Sale History for 2400 S Ridgewood Dr

Last sold for $815,000 on May 22nd, 2009
  • September, 2024

  • Sep 16, 2024

    Date

    Active

    CRMLS: CV24191220

    $1,499,900

    Price

  • May, 2009

  • May 22, 2009

    Date

    Sold (Public Records)

    Public Records

    $815,000

    Price

  • December, 2007

  • Dec 12, 2007

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 2400 S Ridgewood Dr

Assessed Value (2020): $959,651
Year Land Value Improved Value Assessed Value
2020 $647,619 $312,032 $959,651

Home Value Compared to the Market

This property vs the competition

2400 S Ridgewood Dr is listed 76.48% 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 $370.35 per/sqft which puts the price per square foot 27.67% lower than the median price per square foot for the city of West Covina.

About 2400 S Ridgewood Dr

Detailed summary of property

2400 S Ridgewood Dr is a fourplex located in West Covina, CA 91792 and is currently for sale. This fourplex offers 9 bedrooms, 5.5 bathrooms, roughly 4,050 living square feet, and sits on an approximately 9,004 square foot lot. 2400 S Ridgewood Dr was first listed on ArdentRealEstateGroup.com on September 17, 2024. The homeowner is currently asking $1,499,900. 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 76.48% higher than the median priced home. Local competing homes currently for sale include 1600 N Placentia Ave, 3112 Pearl Dr and 1673 Alameda St. While the average home in West Covina, CA is selling in 58 days, 2400 S Ridgewood Dr has a days on market of 3 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 2400 S Ridgewood Dr West Covina, CA 91792 contact Ardent Real Estate Group and we will put you in touch with one of our West Covina agents.

Public Facts for 2400 S Ridgewood Dr

Public county record property details
Beds
9
Baths
7
Year built
1978
Sq. Ft.
4,050
Lot Size
9,001
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
31
APN
8735-010-039

The source for these homes facts are from public records.

91792 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$780,000
Median List Price/Sq.Ft.
$520
Median Sold Price
$870,000
Median Sold Price/Sq.Ft.
$499
Total Inventory
31
Median Sale to List Price %
102.35%
Avg Days on Market
18
Loan Type
Conventional (63.64%), FHA (0%), VA (0%), Cash (9.09%), Other (27.27%)

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Related Resources to 2400 S Ridgewood Dr

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.