407 West San Bernardino Road

Covina, CA 91723

$1,399,000
Price
1
Beds
1
Bath
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Property Details for 407 West San Bernardino Road

StatusPending
MLS #SB20008314
Year Built1938
DOM8
Compass TypeMulti Family
MLS TypeResidential Income
Lot Size0.28 AC / 12,365 SF
Taxes-
Condo/Co-op Fees-
HOA Fees-
CountyLos Angeles County

Listing Agent

Scot Nicol

Compass

scot.nicol@compass.com

P: 310.529.5286

DRE #01918400

Contact Agent(s)

Property Details for 407 West San Bernardino Road

Parking Spaces Total
8
Private Pool
No

Description

407 San Bernardino Rd is a true gem in Covina. With a 12,365 square foot corner lot this 8 not apartment building offers great investment opportunity. Consisting of 2 twin buildings both with (4) 1 bedroom 1 bathroom units. The building has deferred maintenance and is being sold in as is condition. 5 of the 8 units are currently vacant with the remaining 3 units being on month to month rental agreement.

Location

Listing Courtesy of Compass, Scot Nicol, DRE #01918400

Listing Agent

  1. Scot Nicol

    Listing Agent

    Compass

    DRE #01918400

    scot.nicol@compass.com

    P: 310.529.5286

Building Information for 407 West San Bernardino Road

Stories-Residences-Year Built1938Building Size-Lot Size0.28 AC / 12,365 SF

Payment Calculator

$5,032 per month

30 year fixed, 3.51% Interest

Principal and Interest

$5,032

Property Taxes

HOA Dues

$0

Property Information for 407 West San Bernardino Road

Property Features
    Interior Features
  • Common Walls: 2+ Common Walls
  • Laundry: No
  • Laundry Features: None
  • Levels: Two
  • Total Units: 8.0
    Exterior Features
  • Pool Features: None
    Parking Info
  • Carport Spaces: 8
  • Garage Spaces: 0
    Water Details
  • Water Source: Public
Property / Structure Info
    Property / Structure Info
  • New Construction: No
  • Property Attached YN: true
  • Parcel Number: 8431019001
  • Property Type: Residential Income
  • Year Built: 1938
  • Year Built Source: Assessor
    Measurements / Dimensions
  • Building Area Total: 4608
  • Building Area Units: Square Feet
Community/Development / Location Info
    School/Location Info
  • Status: Pending
  • Zip Code: 91723
  • Street Number Numeric: 407.0
  • Street Name: San Bernardino
  • Street Direction Prefix: W
  • Street Suffix: Road
  • Country: US
  • County Or Parish: Los Angeles
  • Directions: East on San Bernardino Rd from N Azuza
  • MLS Area Major: Covina (614)
    Association Information
  • Community Features: Suburban
  • Senior Community: No
Income / Expense / Tax / Assessment Details
    Tax / Assessment Info
  • Tax Census Tract: 4061.01
  • Tax Lot: 4
  • Tax Tract Number: 6642
  • Zoning: CVR3-RD2000*
    Income Details
  • Cap Rate: 1.86
  • Gross Income: $48,000
  • Gross Multiplier: 29.15
  • Gross Operating Income: $45,600
  • Gross Scheduled Income: $48,000
  • Net Operating Income: $26,045
  • Vacancy Allowance: 2400
  • Vacancy Allowance Rate: 5
    Expense Details
  • Electric Expense: $0
  • Fuel Expense: $0
  • Insurance Expense: $628
  • New Taxes Expense: $17,488
  • Operating Expense: $19,555
  • Professional Management Expense: $0
  • Total Expenses: $19,555
  • Trash Expense: $1,200
  • Water Sewer Expense: $0
Unit Information
    Unit 1
  • Unit Type Actual Rent: $500
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Pro Forma: 1450
  • Unit Type Units Total: 8
  • Unit Type Total Rent: $500
  • Unit Type Type: 1
    Multi-Unit Info
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 3
  • Average Studio Area Units: Square Feet
  • Average 1 Bed Area Units: Square Feet
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
Rental Info
    Rental Info
  • Rent Controlled: Yes
  • Total Actual Rent: $1,500
Land/Lot Info
    Land/Lot Info
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Acres: .28
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 12365
  • Lot Size Units: Square Feet
  • Sewer: Public Sewer
Listing / Showing Information / Virtual Tour
    Showing Info
  • List Price: 1399000.0

Property History for 407 West San Bernardino Road

DateEvent & SourcePriceAppreciation
Jan 25, 2020Pending

CRMLS #SB20008314

Jan 23, 2020Hold

CRMLS #SB20008314

Jan 23, 2020Listed (Active)

CRMLS #SB20008314

DateEvent & SourcePrice
01/25/2020
Pending

CRMLS #SB20008314

01/23/2020
Hold

CRMLS #SB20008314

01/23/2020
Listed (Active)

CRMLS #SB20008314

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

Public Records for 407 West San Bernardino Road

Taxable ValueLand$49,646Additions$81,954Total$131,600
Tax Record2018$4,222
Home Facts
Beds8Finished Sq.Ft.4,608 SqFtLot Size12,354 SqFtStyleMulti-Family Res (5+ Units)Year Built1938Year Renovated1938ZoningCVR3-RD2000*CountyLOS ANGELESAPN8431019001

Schools near 407 West San Bernardino Road

AllElementaryMiddleHigh
SchoolTypeGradesDistanceRating
Covina High SchoolPublic9-120.7 mi
6
Traweek Middle SchoolPublic6-80.8 mi
5
Tri-Community AdultPublic0.9 mi
NR
Workman Avenue Elementary SchoolPublicK-51.1 mi
7

Covina High School

9-12, 0.7 mi, Public

6

Traweek Middle School

6-8, 0.8 mi, Public

5

Tri-Community Adult

0.9 mi, Public

NR

Workman Avenue Elementary School

K-5, 1.1 mi, Public

7

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.
All data, including all measurements and calculations of area, is obtained from various sources, is approximate, and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of such measurements and Compass expressly disclaims any liability in connection with such measurements.
Listing Courtesy of Compass, Scot Nicol, DRE #01918400
The information being provided by CARETS and CRMLS 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 CARETS, CLAW, CRISNet MLS, i-Tech MLS, VCRDS and/or CRMLS and 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 CARETS or CRMLS. 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.