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533 S Eremland Dr, Covina, CA 91723
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533 S Eremland Dr Covina, CA 91723

$1,350,000 Sold Price as of 05/21/2019
  • 12 Beds
  • 6 Baths
  • 4,888 Sq.Ft.
Sold
$1,350,000 Sold Price as of 05/21/2019 Refinance Your Mortgage
Map preview of 533 S Eremland Dr, Covina, CA 91723

Property Overview: 533 S Eremland Dr Covina, CA has 12 bedrooms, 6 bathrooms, 4,888 living square feet and 9,780 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Excellent income producing property. 6 unit property consisting of six 2BD/1BA units. 6 carport spaces. Laundry room provides additional income for owner. Property must be sold with 525 S Eremland (6 units). Property is also offered as a portfolio sale with 525 S Eremland (6 units) and 457 W Front (8 units) for $4,650,000

Listed by JAMES MARTINDALE | BRE #00641824 | MARTINDALE COMMERCIAL R.E.
Co-listed by JEFFREY MARTINDALE | BRE #01920073 | MARTINDALE COMMERCIAL R.E.
Last checked: 9 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 7

Home details

Lot Sq. Ft
9,780
HOA Dues
$0/mo
Year built
1954
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
CV19086491
City
Covina
County
Los Angeles
Time on Site
1521 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
  • # of Electric Meters: 6
  • # of Gas Meters: 6
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,075
  • Total Rent: $1,075
  • Pro Forma/Market Rent: $1,300
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,150
  • Total Rent: $1,150
  • Pro Forma/Market Rent: $1,300
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,050
  • Total Rent: $1,050
  • Pro Forma/Market Rent: $1,300
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $800
  • Total Rent: $800
  • Pro Forma/Market Rent: $1,300
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,125
  • Total Rent: $1,125
  • Pro Forma/Market Rent: $1,300
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $93,600
  • Net Operating Income: $65,376
  • Gross Operating Income: --
  • Laundry Income: $480
Annual Expense Breakdown
  • Total Operating Expense: $28,224
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

Property Details for 533 S Eremland Dr

Interior Features
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
Lot Information
  • Lot Features: Lot 6500-9999, Rectangular Lot
  • Lot Size Source: Assessor
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 6
  • Parcel Number: 8445028005
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: From Citrus and Rowland, go East on Rowland to Eremland. North on Eremland to property.
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Covina Agent

Sale History for 533 S Eremland Dr

Last sold for $4,396,000 on May 21st, 2019

  • May, 2019

  • May 21, 2019

    Date

    Sold

    CRMLS: CV19086491

    $1,350,000

    Price

  • Apr 24, 2019

    Date

    Active Under Contract

    CRMLS: CV19086491

    $1,486,000

    Price

  • Apr 16, 2019

    Date

    Active

    CRMLS: CV19086491

    $1,486,000

    Price

  • May, 2019

  • May 21, 2019

    Date

    Sold (Public Records)

    Public Records

    $4,396,000

    Price

  • July, 2003

  • Jul 24, 2003

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 533 S Eremland Dr

Assessed Value (2020): $1,377,000
Year Land Value Improved Value Assessed Value
2020 $612,000 $765,000 $1,377,000

Home Value Compared to the Market

This property vs the competition

533 S Eremland Dr sold on May 21, 2019 for 89.71% 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 $304.01 per/sqft which puts the price per square foot 39.44% lower than the current median sale per square foot for the city of Covina.

About 533 S Eremland Dr

Detailed summary of property

533 S Eremland Dr is a multi family that recently sold in Covina, CA 91723. This multi family property offered 12 bedrooms, 6 bathrooms, roughly 4,888 living square feet, and sits on an approximately 9,780 square foot lot. 533 S Eremland Dr was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $1,350,000. 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 89.71% higher than the current median priced home. Local homes that are currently for sale include 8905 Nogal, 127 E Union Ave and 1396 Randy St. While the average home in Covina, CA is selling in 52 days, 533 S Eremland Dr has a days on market of 7 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 533 S Eremland Dr Covina, CA 91723 contact Ardent Real Estate Group and we will put you in touch with one of our Covina agents.

Public Facts for 533 S Eremland Dr

Public county record property details
Beds
12
Baths
6
Year built
1954
Sq. Ft.
4,888
Lot Size
9,779
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
15
APN
8445-028-005

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%)

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Recently Sold Homes Near 533 S Eremland Dr

525 S Eremland Dr, Covina, CA 91723
$1,350,000 Last Sold Price
11 Beds
6 Baths
5192 Sq.Ft.
525 S Eremland Dr
Covina, CA 91723
531 S 1st Ave, Covina, CA 91723
$1,168,000 Last Sold Price
7 Beds
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3894 Sq.Ft.
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235 E Orlando Way, Covina, CA 91723
$1,549,000 Last Sold Price
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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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