275 E Orlando Way Covina, CA 91723

$1,125,000 Sold Price as of 10/17/2017

6 Beds
6 Baths
3,944 Sq.Ft.

Off Market

$1,125,000 Sold Price as of 10/17/2017 Refinance Your Mortgage

Map preview of 275 E Orlando Way, Covina, CA 91723

Property Overview: 275 E Orlando Way Covina, CA has 6 bedrooms, 6 bathrooms, 3,944 living square feet and 8,007 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

275 E Orlando Way 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 $798,800. The median price per/sqft for Covina is $518. 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 $159,760 for the down payment and will need roughly $15,976 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 $39,166. 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 275 E Orlando Way

Last sold for $1,125,000 on October 17th, 2017

November, 2019
Nov 17, 2019

Date

Expired

CRMLS: AR19104640

$1,420,000

Price
Jun 6, 2019

Date

Active

CRMLS: AR19104640

$1,420,000

Price
May 23, 2019

Date

Active Under Contract

CRMLS: AR19104640

$1,420,000

Price
May 6, 2019

Date

Price Change

CRMLS: AR19104640

$1,420,000

Price
May 6, 2019

Date

Active

CRMLS: AR19104640

$1,440,000

Price
Listing provided courtesy of CRMLS

This well-maintained property is perfect for the savvy investor who is looking for immediate cash flow. 275 E. Orlando Way is a 6-unit multifamily property located on a quiet, tree-lined residential street in Covina, CA. The property features an excellent unit mix, with one 2B+1B unit, four 1B+1B units, and one studio. Residents benefit from covered parking and an onsite laundry facility, an added source of income for the owner. The property is centrally located near the 10, 210, and 57 freeways, and is close to local elementary, middle, and high schools, as well as Mt. San Antonio College, Citrus College, and Azusa Pacific University. Nearby shopping and entertainment centers are an added bonus to residents, who will enjoy the local AMC Theater, IKEA, Walmart Supercenter, and In-N-Out Burger. Moreover, the Covina Public Library, Covina Police Department, Urgent Care, United States Postal Service, Wells Fargo Bank, and the local Metrolink station are all approximately within a one-mile radius of the property.

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October, 2017
Oct 17, 2017

Date

Sold

CRMLS: CV17140462

$1,125,000

Price
Jun 30, 2017

Date

Pending

CRMLS: CV17140462

$1,075,000

Price
Jun 29, 2017

Date

Hold

CRMLS: CV17140462

$1,075,000

Price
Jun 21, 2017

Date

Active

CRMLS: CV17140462

$1,075,000

Price
Listing provided courtesy of CRMLS

We are pleased to exclusively offer for sale this 6 unit investment property located in the highly desirable rental community of the city of Covina. The current owner has made a number of improvements to the subject property such as new vinyl windows, updated kitchens, updated bathrooms, and new flooring where needed. Tenants enjoy onsite covered parking as well as an onsite laundry facility. The subject property is separately metered for electricity and gas while the owner pays for water and trash. The current rental rates are well below market levels, thus providing a new investor the opportunity to substantially increase the overall gross income of the subject property. Tenants are long term, the property has been well maintained, and the location is grade A, making this a lucrative investment for the next investor.

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October, 2017
Oct 17, 2017

Date

Sold (Public Records)

Public Records

$1,125,000

Price
May, 2009
May 4, 2009

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 275 E Orlando Way

Assessed Value (2020): $1,170,900

Year	Land Value	Improved Value	Assessed Value
2020	$853,128	$317,772	$1,170,900

About 275 E Orlando Way

Detailed summary of property

275 E Orlando Way is categorized with a use code of Apartment House (5+ Units) in Covina, CA 91723 and last sold on October 17, 2017 for $1,125,000. This property has 6 bedrooms, 6 bathrooms, roughly 3,944 living square feet, and sits on an approximately 8,007 square foot lot. Homes 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 43.62% higher than the current median priced home. 275 E Orlando Way was last sold on October 17, 2017 for $1,125,000. Local nearby listings include 18205 E Cypress St, 17924 E Kelby St and 1004 E Wanamaker Dr. The average home in Covina, CA is selling in 49 days. There are currently 110 homes for sale in the Covina real estate market and 81 of them are single family homes while 18 of them are condos and 11 are townhomes. If you are the homeowner and looking to sell the home at 275 E Orlando Way Covina, CA 91723 contact Ardent Real Estate Group and we will put you in touch with one of our Covina agents.

Public Facts for 275 E Orlando Way

Public county record property details

Beds: 6
Baths: 6
Year built: 1957
Sq. Ft.: 3,944
Lot Size: 8,007
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 5
APN: 8445-022-013

The source for these homes facts are from public records.

91723 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$725,000

Median List Price/Sq.Ft.

$528

Median Sold Price

$770,000

Median Sold Price/Sq.Ft.

$490

Total Inventory

Median Sale to List Price %

100%

Avg Days on Market

Loan Type

Conventional (57.14%), FHA (14.29%), VA (0%), Cash (14.29%), Other (14.29%)

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(714) 706-1823

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