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469 Algrove Covina, CA 91723

$1,525,000 Sold Price as of 06/27/2023

6 Beds
6 Baths
3,894 Sq.Ft.

Sold

$1,525,000 Sold Price as of 06/27/2023 Refinance Your Mortgage

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Map preview of 469 Algrove, Covina, CA 91723

Property Overview: 469 Algrove Covina, CA has 6 bedrooms, 6 bathrooms, 3,894 living square feet and 11,145 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 496 E. Algrove Street is a 6-unit property located in the heart of Covina, CA. Built in 1959, this property features a diverse unit mix of (2) 2B+1B, (2) 1B+1B, and (2) studios. Moreover, this property has the potential to increase income for the new owner via the addition of three ADUs (buyer to confirm). Tenants enjoy the convenience of being less than one mile from IKEA, the Eastland Shopping Center, and Covina’s thriving downtown. Don’t let this opportunity pass you by!

Listed by Jagmeet Singh | BRE #01886951 | Keller Williams Realty

Last checked: 13 minutes ago | Last updated: June 28th, 2023 | Source CRMLS | DOM: 115

Home details

Lot Sq. Ft: 11,145
HOA Dues: $0/mo
Year built: 1959
Garage: 6 Car
Property Type:: Apartment

Status: Sold
MLS#: AR23027961
City: Covina
County: Los Angeles
Time on Site: 580 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 6
Total # of Buildings: 1
# of Electric Meters: 7
# of Gas Meters: 7
# of Water Meters: 1

Unit Breakdown 1

# of Units: 2
# of Beds: 0
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,203
Total Rent: $2,406
Pro Forma/Market Rent: $2,650

Unit Breakdown 2

# of Units: 2
# of Beds: 2
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,737
Total Rent: $1,825
Pro Forma/Market Rent: $3,650

Unit Breakdown 3

# of Units: 2
# of Beds: 1
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,473
Total Rent: $2,946
Pro Forma/Market Rent: $3,200

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $105,912
Net Operating Income: $69,125
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $69,125
Electric: $648
Gas/Fuel: $0
New Taxes: $20,642
Trash: $1,872
Insurance: $2,208
Professional Management: $0
Water/Sewer: $2,160

Property Details for 469 Algrove

Interior Features

Laundry Information

No Laundry
None

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 6
# of Parking Spaces: 6

Lot Information

Lot Features: Level with Street
Lot Size Source: Assessor
Common Interest: Community Apartment

Property Information

Common Walls: 1 Common Wall
Total # of Units: 6
Year Built Source: Assessor
Property is Attached

Homeowners Association, Utilities, Taxes / Assessments

Homeowners Association

Is Not Part of Association

Utilities Information

Sewer: Public Sewer
Water Source: Public

Location / Neighborhood

Location Information

Directions: West of Badillo and South of Barranca Ave

Neighborhood Information

Community Features: Sidewalks

View more facts & features

Local Covina Agent

Sale History for 469 Algrove

Last sold for $1,525,000 on June 27th, 2023

June, 2023
Jun 27, 2023

Date

Sold

CRMLS: AR23027961

$1,525,000

Price
Feb 17, 2023

Date

Active

CRMLS: AR23027961

$1,750,000

Price

Tax History for 469 Algrove

Recent tax history for this property

Year	Land Value	Improved Value	Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

469 Algrove sold on June 27, 2023 for 104.26% 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 $410.89 per/sqft which puts the price per square foot 18.15% lower than the current median sale per square foot for the city of Covina.

About 469 Algrove

Detailed summary of property

469 Algrove is a apartment that recently sold in Covina, CA 91723. This apartment offered 6 bedrooms, 6 bathrooms, roughly 3,894 living square feet, and sits on an approximately 11,145 square foot lot. 469 Algrove was first listed on ArdentRealEstateGroup.com on February 17, 2023. The homeowner sold the property for $1,525,000. 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 104.26% higher than the current median priced home. Local homes that are currently for sale include 3112 Pearl Dr, 1396 Randy St and 1000 E Commonwealth Ave. While the average home in Covina, CA is selling in 52 days, 469 Algrove has a days on market of 115 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 469 Algrove Covina, CA 91723 contact Ardent Real Estate Group and we will put you in touch with one of our Covina agents.

Public Facts for 469 Algrove

Public county record property details

Beds: --
Baths: --
Year built: --
Sq. Ft.: --
Lot Size: --
Stories: --

Type: --
Pool: --
Spa: --
County: --
Lot#: --
APN: --

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

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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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.