2425 South Ridgewood Drive

West Covina, CA 91792

$1,560,000
Last Sold Price
9
Beds
6
Baths
4,050 Sq. Ft.
$385 / Sq. Ft.
4,050
Sq. Ft.
$385
per Sq. Ft.

Description

We are pleased to present 2425 S Ridgewood Dr, a four unit property located in West Covina, CA to market. This pride of ownership asset has been completely replumbed with copper throughout and lies in an exclusive community where tenants have access to a community pool. The property consists of one 3 bed/2 bath unit and three 2 bed/2 bath units. In addition each unit has its own washer/dryer hookup. There are four single car garages and one double car garage on the property and is separately metered...We are pleased to present 2425 S Ridgewood Dr, a four unit property located in West Covina, CA to market. This pride of ownership asset has been completely replumbed with copper throughout and lies in an exclusive community where tenants have access to a community pool. The property consists of one 3 bed/2 bath unit and three 2 bed/2 bath units. In addition each unit has its own washer/dryer hookup. There are four single car garages and one double car garage on the property and is separately metered for electric and gas. Rents are currently 40% below market rate allowing a new investor substantial upside in future income. Ridgewood Drive presents an opportunity for an investor to get into a well maintained building in a market where only a handful of buildings sell each year.
  1. Listed by Jackson Jorgensen • DRE #02022727 • Brokerage DRE #02164683 • Younglewin Advisors, Inc. • jackjorgs@gmail.com

Property Details for 2425 South Ridgewood Drive

Parking Spaces Total
6
Private Pool
No
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4050
Assessor Parcel Number
8735-010-022
Property Attached YN
true

Location

Listing Courtesy of Younglewin Advisors, Inc., Jackson Jorgensen, DRE #02022727

Sold By NONMEMBER MRML, Edwin Mariscal, DRE #01119480

Add your commute
LISTING UPDATED: 04/30/2024 05:14 AM

Property Details for 2425 South Ridgewood Drive

StatusClosed
MLS #PW24060461
Days on Market27
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1978
CountyLos Angeles County

Location

Listing Courtesy of Younglewin Advisors, Inc., Jackson Jorgensen, DRE #02022727

Sold By NONMEMBER MRML, Edwin Mariscal, DRE #01119480

Add your commute

Building Information for 2425 South Ridgewood Drive

Building/Complex2425 S Ridgewood DrFloor-Stories2Residences-Pet Policy-Year Built1978Building Size-

Payment Calculator

$9,759 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,514

Property Taxes

$1,245

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2425 South Ridgewood Drive

Income / Expense / Tax Details
Income Details
  • Gross Income: $88,428
  • Gross Scheduled Income: $85,775
  • Vacancy Allowance Rate: 3
  • Net Operating Income: $52,864
  • Financing: Cash
Expense Details
  • Operating Expense: $32,991
  • Insurance Expense: $2,632
  • Trash Expense: $600
  • Water Sewer Expense: $3,400
  • Total Expenses: $32,991
Tax / Assessment Info
  • Tax Tract Number: 32339
  • Tax Census Tract: 4080.06
  • CFD/Mello-Roos Fee: $2,967
  • Tax Lot: 20
Community / Development
Community / Development
  • Community Features: Foothills
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
Exterior Features
  • Entry Location: Side
  • Pool Features: Association
  • Pool Description: Association Pool
Land/Lot Info
  • Lot Features: Gentle Sloping
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 6
  • Parking Garage Spaces: 6
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,300
  • Unit Type Total Rent: $2,300
  • Unit Type Pro Forma: 2850
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,800
  • Unit Type Total Rent: $1,800
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,569
  • Unit Type Total Rent: $1,569
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,700
  • Unit Type Total Rent: $1,700
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Property History for 2425 South Ridgewood Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2425 South Ridgewood Drive

Taxable ValueLand$560,590Additions$473,869Total$1,034,459
Tax Record2023$14,944 ($1,245 / month)
Home Facts
Total Finished SqFt4,050 SqFtAbove Grade Finished SqFt4,050 SqFtLot Size10,080 SqFtStyleQuadraplexYear Built1978ZoningWCPCD1*CountyLOS ANGELESAPN8735-010-022

Schools near 2425 South Ridgewood Drive

This home is within Rowland Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Villacorta Elementary School
PublicK to 6

Giano Intermediate School
Public7 to 8

Nogales High School
Public9 to 12

Santana High (Continuation) School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Younglewin Advisors, Inc., Jackson Jorgensen, DRE #02022727

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.