968 E. Arrow Hwy, Covina, CA 91724
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968 E. Arrow Hwy Covina, CA 91724

$150,000 Sold Price as of 02/16/2019
  • -- Beds
  • -- Baths
  • 3,000 Sq.Ft.
Sold
$150,000 Sold Price as of 02/16/2019 Refinance Your Mortgage

Map preview of 968 E. Arrow Hwy, Covina, CA 91724

Property Overview: 968 E. Arrow Hwy Covina, CA has -- bedrooms, -- bathrooms, 3,000 living square feet and 10,000 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Motivated Seller! Busy and Profitable AAMCO franchise for Sale within the San Gabriel Valley (LA County). While new AAMCO franchises cost approximately $250K or more to get started, this is an excellent turnkey investment for an owner-operator via its 15 year established customer base! There are many unique opportunities included as part of this sale to easily grow and expand the business. This auto services business has a wide variety of income producing sources allowing for amazing growth potential in revenues and profits. THE BASICS: This is a well-established AAMCO franchise, which offers an expansive range of specialty auto services in addition to an assortment of standard total car care repair and maintenance. The shop is always busy and attracts customers from all over the San Gabriel Valley. The franchise benefits from top rated reviews and a very successful marketing platform. GREAT LEASE TERMS: The buyer will assume a substantially below market lease with very favorable terms and multiple five-year extension options. GROWTH POTENTIAL: Due to the lack of an owner-manager, forecasts for the current year estimate Revenues of $780K and Net Profits of $104K after deducting for a manger’s salary. However, Revenues could easily be increased and expenses would be substantially decreased by an owner-operator who is either the General Manager or the Diagnostician, allowing for a much higher Net Profit. Contact Philip Makhoul for the Marketing Package.

Listed by Philip Makhoul | BRE #01830593 | Diamond National Realty
Last checked: 7 minutes ago | Last updated: September 18th, 2021 | Source CRMLS | DOM: 36

Home details

Lot Sq. Ft
10,000
HOA Dues
$0/mo
Year built
1953
Garage
--
Property Type:
Business
Status
Sold
MLS#
IG18269453
City
Covina
County
Los Angeles
Time on Site
1441 days

Property Details for 968 E. Arrow Hwy

Lot Details / Garage and Parking
Lot Information
  • Lot Size Source: Seller
Property Information
  • Year Built Source: Seller
Location / Neighborhood
Location Information
  • Directions: North Grand and East On Covina Arrow Hwy
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Local Covina Agent

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Sale History for 968 E. Arrow Hwy

Last sold for $150,000 on February 16th, 2019
  • February, 2019

  • Feb 16, 2019

    Date

    Sold

    CRMLS: IG18269453

    $150,000

    Price

  • Feb 12, 2019

    Date

    Pending

    CRMLS: IG18269453

    $150,000

    Price

  • Dec 5, 2018

    Date

    Price Change

    CRMLS: IG18269453

    $150,000

    Price

  • Nov 10, 2018

    Date

    Active

    CRMLS: IG18269453

    $200,000

    Price

Tax History for 968 E. Arrow Hwy

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

968 E. Arrow Hwy sold on February 16, 2019 for 80.26% lower than the current median sold price for the city of Covina which is $760,000. The median sold price per/sqft for Covina is $510 and this home is sold at $50 per/sqft which puts the price per square foot 90.2% lower than the current median sale per square foot for the city of Covina.

About 968 E. Arrow Hwy

Detailed summary of property

968 E. Arrow Hwy is a business that recently sold in Covina, CA 91724. This business offered -- bedrooms, -- bathrooms, roughly 3,000 living square feet, and sits on an approximately 10,000 square foot lot. 968 E. Arrow Hwy was first listed on ArdentRealEstateGroup.com on July 20, 2020. The homeowner sold the property for $150,000. Home in Covina are selling for a median price of $760,000 and a median price per square foot of $510. Based on Ardent Real Estate Group's Covina Market Data, this home is sold 80.26% lower than the current median priced home. Local homes that are currently for sale include 20110 Pioneer Blvd #AB, 2621 Green River Rd #102 and 8547 Westminster Ave. While the average home in Covina, CA is selling in 47 days, 968 E. Arrow Hwy has a days on market of 36 days. There are currently 112 homes for sale in the Covina real estate market and 81 of them are single family homes while 19 of them are condos and 12 are townhomes. For more information on this home for sale at 968 E. Arrow Hwy Covina, CA 91724 contact Ardent Real Estate Group and we will put you in touch with one of our Covina agents.

Public Facts for 968 E. Arrow Hwy

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.

91724 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$915,000
Median List Price/Sq.Ft.
$501
Median Sold Price
$858,888
Median Sold Price/Sq.Ft.
$533
Total Inventory
41
Median Sale to List Price %
103.63%
Avg Days on Market
17
Loan Type
Conventional (50%), FHA (12.5%), VA (6.25%), Cash (18.75%), Other (12.5%)

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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.