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540 N Valencia Pl, Covina, CA 91723
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540 N Valencia Pl Covina, CA 91723

$955,000 Sold Price as of 05/26/2021
  • 6 Beds
  • 3 Baths
  • 2,668 Sq.Ft.
Sold
$955,000 Sold Price as of 05/26/2021 Refinance Your Mortgage
Map preview of 540 N Valencia Pl, Covina, CA 91723

Property Overview: 540 N Valencia Pl Covina, CA has 6 bedrooms, 3 bathrooms, 2,668 living square feet and 10,440 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Located in the heart of Covina, this lovely 3-unit property is a great investment for a first-time investor or a seasoned investor seeking solid returns! Front single unit and rear duplex, each with 2 bedrooms, 1 bathroom and 1 carport space. Front house offers a living room, dining room, light-filled breakfast nook off the kitchen, pantry, laundry area, and hardwood and carpet floors. Both rear units feature a living room, dining area, kitchen, and access to the nice sized backyard. Just a stroll away from Downtown Covina, shops, restaurants, park, and Farmers Market. Buyer to complete their own due diligence in regards to all aspects of the property, including income, expenses and potential rents.

Listed by THE MARK & AL TEAM | BRE #00914322 | CENTURY 21 MASTERS
Last checked: 12 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 6

Home details

Lot Sq. Ft
10,440
HOA Dues
$0/mo
Year built
1930
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
CV21083037
City
Covina
County
Los Angeles
Time on Site
1226 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,780
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,465
  • Total Rent: $1,465
  • Pro Forma/Market Rent: $1,465
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.54%
  • Gross Rent Multiplier: 13.75
  • Gross Scheduled Income: $61,740
  • Net Operating Income: $47,064
  • Gross Operating Income: $61,740
Annual Expense Breakdown
  • Total Operating Expense: $14,676
  • New Taxes: $10,188
  • Trash: $936
  • Gardener: $1,500
  • Insurance: $1,116
  • Water/Sewer: $936

Virtual Tour

Use the following link to view this property's virtual tour:

Property Details for 540 N Valencia Pl

Interior Features
Laundry Information
  • Has Laundry
  • Inside
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 3
Lot Information
  • Lot Features: Back Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 8431017014
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Unknown
  • Water Source: See Remarks
Location / Neighborhood
Location Information
  • Directions: N/San Bernardino Ave, E/Hollenbeck Ave
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Covina Agent

Sale History for 540 N Valencia Pl

Last sold for $955,000 on May 26th, 2021

  • May, 2021

  • May 28, 2021

    Date

    Sold

    CRMLS: CV21083037

    $955,000

    Price

  • May 6, 2021

    Date

    Pending

    CRMLS: CV21083037

    $849,000

    Price

  • Apr 27, 2021

    Date

    Hold

    CRMLS: CV21083037

    $849,000

    Price

  • Apr 21, 2021

    Date

    Active

    CRMLS: CV21083037

    $849,000

    Price

Tax History for 540 N Valencia Pl

Assessed Value (2020): $82,436
Year Land Value Improved Value Assessed Value
2020 $32,924 $49,512 $82,436

Home Value Compared to the Market

This property vs the competition

540 N Valencia Pl sold on May 26, 2021 for 8.39% 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 $318.22 per/sqft which puts the price per square foot 36.61% lower than the current median sale per square foot for the city of Covina.

About 540 N Valencia Pl

Detailed summary of property

540 N Valencia Pl is a multi family that recently sold in Covina, CA 91723. This multi family property offered 6 bedrooms, 3 bathrooms, roughly 2,668 living square feet, and sits on an approximately 10,440 square foot lot. 540 N Valencia Pl was first listed on ArdentRealEstateGroup.com on May 13, 2021. The homeowner sold the property for $955,000. 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 8.39% higher than the current median priced home. Local homes that are currently for sale include 11533 Burke St, 424 N Craig Ave and 5486 Riverside Dr. While the average home in Covina, CA is selling in 52 days, 540 N Valencia Pl has a days on market of 6 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 540 N Valencia Pl Covina, CA 91723 contact Ardent Real Estate Group and we will put you in touch with one of our Covina agents.

Public Facts for 540 N Valencia Pl

Public county record property details
Beds
6
Baths
3
Year built
1930
Sq. Ft.
2,668
Lot Size
10,439
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
23
APN
8431-017-014

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 540 N Valencia Pl

565 N Valencia Pl, Covina, CA 91723
$580,000 Last Sold Price
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2 Baths
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565 N Valencia Pl
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526 N 5th Ave, Covina, CA 91723
$790,000 Last Sold Price
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550 N 4th Ave, Covina, CA 91723
$750,000 Last Sold Price
4 Beds
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407 W San Bernardino Rd, Covina, CA 91723
$1,485,000 Last Sold Price
8 Beds
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407 W San Bernardino Rd
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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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