469 East Algrove Street

Covina, CA 91723

$1,525,000
Last Sold Price
3
Beds
6
Baths
3,894 Sq. Ft.
$392 / Sq. Ft.
3,894
Sq. Ft.
$392
per Sq. Ft.

Description

496 e. Algrove Street is a 6-unit property located in the heart of Covina, CA. Built in 1959, this property features a diverse unit mix of (2) 2B+1B, (2) 1B+1B, and (2) studios. Moreover, this property has the potential to increase income for the new owner via the addition of three ADUs (buyer to confirm). Tenants enjoy the convenience of being less than one mile from IKEA, the Eastland Shopping Center, and Covina’s thriving downtown. Don’t let this opportunity pass you by!496 e. Algrove Street is a 6-unit property located in the heart of Covina, CA. Built in 1959, this property features a diverse unit mix of (2) 2B+1B, (2) 1B+1B, and (2) studios. Moreover, this property has the potential to increase income for the new owner via the addition of three ADUs (buyer to confirm). Tenants enjoy the convenience of being less than one mile from IKEA, the Eastland Shopping Center, and Covina’s thriving downtown. Don’t let this opportunity pass you by!
  1. Listed by Jagmeet Singh • DRE #01886951 • Brokerage DRE #01444805 • Keller Williams Realty • 626-272-5941

Property Details for 469 East Algrove Street

Parking Spaces Total
6
Private Pool
No
Total Units
6.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
3894
Property Attached YN
true
Common Walls
1 Common Wall

Location

Listing Courtesy of Keller Williams Realty, Jagmeet Singh, DRE #01886951

Sold By CMC REALTY, PETER GLINIAK, DRE #00633307

Add your commute
LISTING UPDATED: 06/28/2023 02:52 AM

Property Details for 469 East Algrove Street

StatusClosed
MLS #AR23027961
Days on Market115
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1959
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Realty, Jagmeet Singh, DRE #01886951

Sold By CMC REALTY, PETER GLINIAK, DRE #00633307

Add your commute

Building Information for 469 East Algrove Street

Building/Complex469 E Algrove StFloor-Stories-Residences-Pet Policy-Year Built1959Building Size-

Payment Calculator

$9,807 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,323

Property Taxes

$1,484

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 469 East Algrove Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $105,912
  • Gross Scheduled Income: $105,912
  • Net Operating Income: $69,125
  • Financing: Cash
Expense Details
  • Operating Expense: $69,125
  • New Taxes Expense: $20,642
  • Fuel Expense: $0
  • Electric Expense: $648
  • Insurance Expense: $2,208
  • Professional Management Expense: $0
  • Trash Expense: $1,872
  • Water Sewer Expense: $2,160
  • Total Expenses: $36,787
Tax / Assessment Info
  • Tax Tract Number: 23771
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 4
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Level with Street
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • 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: 2
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,203
  • Unit Type Total Rent: $2,406
  • Unit Type Pro Forma: 2650
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,473
  • Unit Type Total Rent: $2,946
  • Unit Type Pro Forma: 3200
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,737
  • Unit Type Total Rent: $1,825
  • Unit Type Pro Forma: 3650
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1

Property History for 469 East Algrove Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 469 East Algrove Street

Taxable ValueLand$973,343Additions$323,803Total$1,297,146
Tax Record2023$17,809 ($1,484 / month)
Home Facts
Total Finished SqFt3,894 SqFtAbove Grade Finished SqFt3,894 SqFtLot Size11,146 SqFtStyleMulti-Family Res (5+ Units)Year Built1959ZoningCVR3-RD150CountyLOS ANGELESAPN8445-014-016

Schools near 469 East Algrove Street

This home is within Covina-Valley Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Barranca Elementary School
PublicK to 5

Sierra Vista Middle School
Public6 to 8

South Hills High School
Public9 to 12

Fairvalley 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

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Similar Sold Homes

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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 Keller Williams Realty, Jagmeet Singh, DRE #01886951

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.