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570 N Hollenbeck Ave, Covina, CA 91723
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570 N Hollenbeck Ave Covina, CA 91723

$3,990,000 Sold Price as of 02/18/2022
  • 23 Beds
  • 14 Baths
  • 11,654 Sq.Ft.
Sold
$3,990,000 Sold Price as of 02/18/2022 Refinance Your Mortgage
Map preview of 570 N Hollenbeck Ave, Covina, CA 91723

Property Overview: 570 N Hollenbeck Ave Covina, CA has 23 bedrooms, 14 bathrooms, 11,654 living square feet and 31,836 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: First time on the market in over 20 years! 570 N. Hollenbeck Ave is a 14-unit multifamily property located in Covina, CA. The property was built in 1959 and features an excellent unit mix: (9) 2 bed/1 bath units and (5) 1 bed/1 bath units. Tenants enjoy the onsite pool and plentiful parking. The property is well maintained, and is close to local elementary, middle, and high schools. Located minutes from Downtown Covina, tenants benefit from easy access to local parks, grocery stores, and eateries. Given the rental upside potential, this is an excellent addition to any real estate investor’s portfolio.

Listed by Jagmeet Singh | BRE #01886951 | Keller Williams Realty
Last checked: 8 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 29

Home details

Lot Sq. Ft
31,836
HOA Dues
$0/mo
Year built
1959
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
AR21251232
City
Covina
County
Los Angeles
Time on Site
1037 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 14
  • Total # of Buildings: 1
  • # of Electric Meters: 15
  • # of Gas Meters: 15
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 5
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $6,225
  • Total Rent: $6,225
  • Pro Forma/Market Rent: $7,750
Unit Breakdown 2
  • # of Units: 9
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $13,925
  • Total Rent: $13,925
  • Pro Forma/Market Rent: $16,650
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $241,800
  • Net Operating Income: $134,801
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $134,801
  • Electric: $2,284
  • Gas/Fuel: $0
  • New Taxes: $39,632
  • Trash: $6,243
  • Gardener: $4,800
  • Insurance: $8,402
  • Professional Management: $9,672
  • Water/Sewer: $6,726

Property Details for 570 N Hollenbeck Ave

Interior Features
Laundry Information
  • Has Laundry
  • Individual Room
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 18
Lot Information
  • Lot Features: Level
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 14
  • Parcel Number: 8431019027
  • Year Built Source: Public Records
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Hollenbeck and Front
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Covina Agent

Sale History for 570 N Hollenbeck Ave

Last sold for $3,990,000 on February 18th, 2022

  • February, 2022

  • Feb 18, 2022

    Date

    Sold

    CRMLS: AR21251232

    $3,990,000

    Price

  • Nov 18, 2021

    Date

    Active

    CRMLS: AR21251232

    $3,360,000

    Price

  • November, 1998

  • Nov 20, 1998

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 570 N Hollenbeck Ave

Assessed Value (2020): $1,509,988
Year Land Value Improved Value Assessed Value
2020 $377,488 $1,132,500 $1,509,988

Home Value Compared to the Market

This property vs the competition

570 N Hollenbeck Ave sold on February 18, 2022 for 328.95% 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 $288.31 per/sqft which puts the price per square foot 42.57% lower than the current median sale per square foot for the city of Covina.

About 570 N Hollenbeck Ave

Detailed summary of property

570 N Hollenbeck Ave is a multi family that recently sold in Covina, CA 91723. This multi family property offered 23 bedrooms, 14 bathrooms, roughly 11,654 living square feet, and sits on an approximately 31,836 square foot lot. 570 N Hollenbeck Ave was first listed on ArdentRealEstateGroup.com on November 18, 2021. The homeowner sold the property for $3,990,000. 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 328.95% higher than the current median priced home. Local homes that are currently for sale include 927 S Bruce St, 354 Newland St and 3300 W Orange Ave. While the average home in Covina, CA is selling in 52 days, 570 N Hollenbeck Ave has a days on market of 29 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 570 N Hollenbeck Ave Covina, CA 91723 contact Ardent Real Estate Group and we will put you in touch with one of our Covina agents.

Public Facts for 570 N Hollenbeck Ave

Public county record property details
Beds
--
Baths
14
Year built
1959
Sq. Ft.
11,654
Lot Size
31,836
Stories
--
Type
Apartment House (5+ Units)
Pool
Yes
Spa
No
County
Los Angeles
Lot#
4
APN
8431-019-027

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?

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Recently Sold Homes Near 570 N Hollenbeck Ave

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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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