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819 N Grandview Ave, Covina, CA 91723
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819 N Grandview Ave Covina, CA 91723

$739,900 Sold Price as of 08/26/2019
  • 3 Beds
  • 3 Baths
  • -- Sq.Ft.
Sold
$739,900 Sold Price as of 08/26/2019 Refinance Your Mortgage
Map preview of 819 N Grandview Ave, Covina, CA 91723

Property Overview: 819 N Grandview Ave Covina, CA has 3 bedrooms, 3 bathrooms, -- living square feet and 6,720 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Please check the documents tab to access the marketing package. Located in Covina, California, this low maintenance triplex offers (3)-1 bed / 1 bath units and offers an incoming cap rate north of 4%. Two of the three units have been fully renovated with washer/dryer hook-ups and new split system air-conditioners. With the rear unit in need of a renovation, the new owner may realize a rental bump of approximately $275 per month. The property sits on a quiet residential street and has easy access to restaurants, retailers, and Stater Bros. market. Furthermore, the property is in proximity to Kahler Russell Park and Charter Oak High School. This property is ideal for a buyer looking for the possibility to lock in a low interest rate thirty year loan with great cash flow for an investment of this size. With the upside presented in the back unit, the project offers promise of growth in a great neighborhood.

Listed by Casey Picard | BRE #01921866 | Keller Williams Realty
Last checked: 13 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 44

Home details

Lot Sq. Ft
6,720
HOA Dues
$0/mo
Year built
1956
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
P0-819002220
City
Covina
County
Los Angeles
Time on Site
1397 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: --
  • # of Leased Units: 3
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: --
  • # of Beds: 1
  • # of Baths: 1
  • Total Rent: --
  • Pro Forma/Market Rent: $1,450
Unit Breakdown 2
  • # of Units: --
  • # of Beds: 1
  • # of Baths: 1
  • Total Rent: --
  • Pro Forma/Market Rent: $1,450
Unit Breakdown 3
  • # of Units: --
  • # of Beds: 1
  • # of Baths: 1
  • Total Rent: --
  • Pro Forma/Market Rent: $1,475
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.02%
  • Gross Rent Multiplier: 15.82
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --
  • Trash: $1,200
  • Insurance: $950
  • Maintenance: $1,875
  • Water/Sewer: $2,350

Property Details for 819 N Grandview Ave

Interior Features
Room Information
  • Flooring: Carpet, Vinyl
Interior Features
  • Levels: One
Lot Details / Garage and Parking
Property Information
  • Total # of Units: 3
  • Parcel Number: 8429019003
  • Year Built Source: Assessor
  • Property is Attached
Location / Neighborhood
Location Information
  • Subdivision Name: Not Applicable
  • Other Subdivision Name: Not Applicable - 1007242
  • Directions: Cross Street: Cypress Street;
View more facts & features

Local Covina Agent

Sale History for 819 N Grandview Ave

Last sold for $739,900 on August 26th, 2019

  • August, 2019

  • Aug 27, 2019

    Date

    Sold

    CRMLS: P0-819002220

    $739,900

    Price

  • Jul 2, 2019

    Date

    Pending

    CRMLS: P0-819002220

    $750,000

    Price

  • May 14, 2019

    Date

    Active

    CRMLS: P0-819002220

    $750,000

    Price

  • August, 2019

  • Aug 20, 2019

    Date

    Sold (Public Records)

    Public Records

    $740,000

    Price

  • May, 2016

  • May 27, 2016

    Date

    Sold (Public Records)

    Public Records

    $485,000

    Price

Show More

Tax History for 819 N Grandview Ave

Assessed Value (2020): $740,000
Year Land Value Improved Value Assessed Value
2020 $500,000 $240,000 $740,000

Home Value Compared to the Market

This property vs the competition

819 N Grandview Ave sold on August 26, 2019 for 2.74% higher than the current median sold price for the city of Covina which is $730,000.

About 819 N Grandview Ave

Detailed summary of property

819 N Grandview Ave is a multi family that recently sold in Covina, CA 91723. This multi family property offered 3 bedrooms, 3 bathrooms, roughly -- living square feet, and sits on an approximately 6,720 square foot lot. 819 N Grandview Ave was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $739,900. Home in Covina are selling for a median price of $730,000 and a median price per square foot of $506. Based on Ardent Real Estate Group's Covina Market Data, this home is sold 2.74% higher than the current median priced home. Local homes that are currently for sale include 4233 Michigan Ave, 1086 N Bonnie Beach Pl and 4552 Catalpa St. While the average home in Covina, CA is selling in 48 days, 819 N Grandview Ave has a days on market of 44 days. There are currently 103 homes for sale in the Covina real estate market and 66 of them are single family homes while 22 of them are condos and 15 are townhomes. For more information on this home for sale at 819 N Grandview 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 819 N Grandview Ave

Public county record property details
Beds
3
Baths
3
Year built
1956
Sq. Ft.
1,885
Lot Size
6,720
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
3
APN
8429-019-003

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
$684,500
Median List Price/Sq.Ft.
$444
Median Sold Price
$781,000
Median Sold Price/Sq.Ft.
$442
Total Inventory
22
Median Sale to List Price %
101.69%
Avg Days on Market
8
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (33.33%), Other (16.67%)

Thinking of Selling?

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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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