Search
407 W San Bernardino Rd, Covina, CA 91723
View Photos

407 W San Bernardino Rd Covina, CA 91723

$1,485,000 Sold Price as of 02/14/2020
  • 8 Beds
  • 8 Baths
  • 4,608 Sq.Ft.
Sold
$1,485,000 Sold Price as of 02/14/2020 Refinance Your Mortgage
Map preview of 407 W San Bernardino Rd, Covina, CA 91723

Property Overview: 407 W San Bernardino Rd Covina, CA has 8 bedrooms, 8 bathrooms, 4,608 living square feet and 12,365 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 407 San Bernardino Rd is a true gem in Covina. With a 12,365 square foot corner lot this 8 not apartment building offers great investment opportunity. Consisting of 2 twin buildings both with (4) 1 bedroom 1 bathroom units. The building has deferred maintenance and is being sold in as is condition. 5 of the 8 units are currently vacant with the remaining 3 units being on month to month rental agreement.

Listed by Scot Nicol | BRE #01918400 | Compass
Last checked: 7 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 8

Home details

Lot Sq. Ft
12,365
HOA Dues
$0/mo
Year built
1938
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
SB20008314
City
Covina
County
Los Angeles
Time on Site
1521 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 2
  • # of Leased Units: 3
  • # of Electric Meters: 8
  • # of Gas Meters: 8
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 8
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $500
  • Total Rent: $500
  • Pro Forma/Market Rent: $1,450
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 1.86%
  • Gross Rent Multiplier: 29.15
  • Gross Scheduled Income: $48,000
  • Net Operating Income: $26,045
  • Gross Operating Income: $45,600
  • Vacancy Allowance: $2,400
Annual Expense Breakdown
  • Total Operating Expense: $19,555
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $17,488
  • Trash: $1,200
  • Insurance: $628
  • Professional Management: $0
  • Water/Sewer: $0

Property Details for 407 W San Bernardino Rd

Interior Features
Laundry Information
  • No Laundry
  • None
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 8
  • Parcel Number: 8431019001
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: East on San Bernardino Rd from N Azuza
Neighborhood Information
  • Community Features: Suburban
View more facts & features

Local Covina Agent

Sale History for 407 W San Bernardino Rd

Last sold for $1,485,000 on February 14th, 2020

  • February, 2020

  • Feb 19, 2020

    Date

    Sold

    CRMLS: SB20008314

    $1,485,000

    Price

  • Jan 26, 2020

    Date

    Pending

    CRMLS: SB20008314

    $1,399,000

    Price

  • Jan 23, 2020

    Date

    Hold

    CRMLS: SB20008314

    $1,399,000

    Price

  • Jan 23, 2020

    Date

    Active

    CRMLS: SB20008314

    $1,399,000

    Price

  • Jan 21, 2020

    Date

    Hold

    CRMLS: SB20008314

    $1,399,000

    Price

  • Jan 13, 2020

    Date

    Active

    CRMLS: SB20008314

    $1,399,000

    Price

  • February, 2020

  • Feb 14, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,485,000

    Price

Show More

Tax History for 407 W San Bernardino Rd

Assessed Value (2020): $136,391
Year Land Value Improved Value Assessed Value
2020 $50,638 $85,753 $136,391

Home Value Compared to the Market

This property vs the competition

407 W San Bernardino Rd sold on February 14, 2020 for 78.6% 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 $303.6 per/sqft which puts the price per square foot 39.52% lower than the current median sale per square foot for the city of Covina.

About 407 W San Bernardino Rd

Detailed summary of property

407 W San Bernardino Rd is a multi family that recently sold in Covina, CA 91723. This multi family property offered 8 bedrooms, 8 bathrooms, roughly 4,608 living square feet, and sits on an approximately 12,365 square foot lot. 407 W San Bernardino Rd was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $1,485,000. 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 78.6% higher than the current median priced home. Local homes that are currently for sale include 1600 N Placentia Ave, 3112 Pearl Dr and 127 E Union Ave. While the average home in Covina, CA is selling in 52 days, 407 W San Bernardino Rd has a days on market of 8 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 407 W San Bernardino Rd Covina, CA 91723 contact Ardent Real Estate Group and we will put you in touch with one of our Covina agents.

Public Facts for 407 W San Bernardino Rd

Public county record property details
Beds
8
Baths
8
Year built
1938
Sq. Ft.
4,608
Lot Size
12,353
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
3,4
APN
8431-019-001

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.
$505
Median Sold Price
$770,000
Median Sold Price/Sq.Ft.
$490
Total Inventory
20
Median Sale to List Price %
100%
Avg Days on Market
34
Loan Type
Conventional (57.14%), FHA (14.29%), VA (0%), Cash (14.29%), Other (14.29%)

Thinking of Selling?

Image Description
Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

Homes for Sale Near 407 W San Bernardino Rd

Nearby Homes for Sale

211 E Center St, Covina, CA 91723
$1,750,000
6 Beds
6 Baths
4152 Sq.Ft.
211 E Center St
Covina, CA 91723
420 N Alameda Ave, Azusa, CA 91702
$1,225,000
2 Beds
1 Baths
2492 Sq.Ft.
420 N Alameda Ave
Azusa, CA 91702
156 S Pennsylvania Ave, Glendora, CA 91741
$1,780,000
7 Beds
4 Baths
3209 Sq.Ft.
156 S Pennsylvania Ave
Glendora, CA 91741
Open Sat 1pm-4pm
2400 S Ridgewood Dr, West Covina, CA 91792
$1,499,900
9 Beds
5 Baths
4050 Sq.Ft.
2400 S Ridgewood Dr
West Covina, CA 91792
14309 Beckner St, La Puente, CA 91744
$1,650,000
12 Beds
4 Baths
3936 Sq.Ft.
14309 Beckner St
La Puente, CA 91744
1337 brea canyon cutoff rd, Rowland Heights, CA 91748
$1,490,000
10 Beds
5 Baths
2600 Sq.Ft.
1337 brea canyon cutoff rd
Rowland Heights, CA 91748
1337 brea canyon cutoff rd, Rowland Heights, CA 91748
$1,490,000
10 Beds
5 Baths
2600 Sq.Ft.
1337 brea canyon cutoff rd
Rowland Heights, CA 91748
1673 Alameda St, Pomona, CA 91768
$1,200,000
6 Beds
4 Baths
4 Sq.Ft.
1673 Alameda St
Pomona, CA 91768
1379 S Gibbs St, Pomona, CA 91766
$1,499,000
7 Beds
4 Baths
3360 Sq.Ft.
1379 S Gibbs St
Pomona, CA 91766
931 S Towne Ave, Pomona, CA 91766
$1,325,000
8 Beds
6 Baths
2838 Sq.Ft.
931 S Towne Ave
Pomona, CA 91766
7624 Milton Ave, Whittier, CA 90602
$1,750,000
12 Beds
8 Baths
5374 Sq.Ft.
7624 Milton Ave
Whittier, CA 90602
8905 Nogal, Whittier, CA 90606
$1,200,000
5 Beds
2 Baths
2050 Sq.Ft.
8905 Nogal
Whittier, CA 90606

Recently Sold Homes Near 407 W San Bernardino Rd

526 N 5th Ave, Covina, CA 91723
$790,000 Last Sold Price
3 Beds
2 Baths
1352 Sq.Ft.
526 N 5th Ave
Covina, CA 91723
565 N Valencia Pl, Covina, CA 91723
$580,000 Last Sold Price
3 Beds
2 Baths
1604 Sq.Ft.
565 N Valencia Pl
Covina, CA 91723
540 N Valencia Pl, Covina, CA 91723
$955,000 Last Sold Price
6 Beds
3 Baths
2668 Sq.Ft.
540 N Valencia Pl
Covina, CA 91723
570 N Hollenbeck Ave, Covina, CA 91723
$3,990,000 Last Sold Price
23 Beds
14 Baths
11654 Sq.Ft.
570 N Hollenbeck Ave
Covina, CA 91723

Related Resources to 407 W San Bernardino Rd

New Listings in 91723
Popular Zip Codes
Popular Cities
Other Covina Resources

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.

Refi Quote