645 South Eremland Drive

Covina, CA 91723

$1,525,000
Price
8
Beds
5
Baths
3,690 Sq. Ft.
$413 / Sq. Ft.
3,690
Sq. Ft.
$413
per Sq. Ft.

Description

Lee & Associates Apartment Advisors is pleased to present Eremland Apartments in Covina, CA. Located at 645 S. Eremland Drive, the five unit apartment community was built in 1956. The unit mix is comprised of two x one bedroom/one bath and three x two bedroom/one bath units. The property is located on a quiet cul de sac street and situated on a 7,105 square foot parcel. The units are separately metered and the on-site laundry machines are owned. A new central water heater was installed in 2022, and...Lee & Associates Apartment Advisors is pleased to present Eremland Apartments in Covina, CA. Located at 645 S. Eremland Drive, the five unit apartment community was built in 1956. The unit mix is comprised of two x one bedroom/one bath and three x two bedroom/one bath units. The property is located on a quiet cul de sac street and situated on a 7,105 square foot parcel. The units are separately metered and the on-site laundry machines are owned. A new central water heater was installed in 2022, and the staircase was recently replaced. The property is subject to AB 1482 state rent caps which allow for annual rent increases of a minimum of 5% and maximum of 10%. Long term tenants. Please do not disturb tenants or walk on property.
  1. Listed by Robert Leveen • DRE #01476685 • Brokerage DRE #01476685 • Robert Leveen

Property Details for 645 South Eremland Drive

Zoning
CVR3-RD1500*
Parcel Number
8451003026
Total Units
5.0
Living Area
3690
Source Living Area
Vendor Enhanced
Area
Covina (614)
Vacancy Rate
3%
Lot Size Area
7107

Location

Listing Courtesy of Robert Leveen, Robert Leveen, DRE #01476685
Add your commute
LISTING UPDATED: 02/24/2024 12:01 AM

Property Details for 645 South Eremland Drive

StatusActive
MLS #24-359121
Days on Market74
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1956
Lot Size0.16 AC / 7,107 SF
CountyLos Angeles County

Location

Listing Courtesy of Robert Leveen, Robert Leveen, DRE #01476685
Add your commute

Building Information for 645 South Eremland Drive

Stories2Residences-Year Built1956Building Size-Lot Size0.16 AC / 7,107 SF

Payment Calculator

$9,841 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,323

Property Taxes

$1,518

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 645 South Eremland Drive

Community / Development
Community / Development
  • Tax Mello Roos: Unknown
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartment
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $105,190
  • Net Operating Income: $67,145.00
  • Gross Income: $107,412
  • Cap Rate: 4.40%
  • Gross Rent Multiplier: $14.20
  • Total Annual Expense: 38045
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1632
  • Lot Size Square Feet: 7107
  • Lot Size Dimensions: 60x126
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Community Garage
  • Total Parking: 5
  • Parking Features: Community Structure
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Wall Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Other
  • Laundry: Community
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 02-16-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,848.00
  • Unit Actual Rent: $3,696.00
  • Unit Projected Rent: $4,190.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,790.00
  • Unit Actual Rent: $1,790.00
  • Unit Projected Rent: $2,095.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,732.00
  • Unit Actual Rent: $3,464.00
  • Unit Projected Rent: $3,790.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $428,879.00
  • Assessed Improvement Percent: 30.77
  • Assessed Land Value: $964,981.00
  • Assessed Land Percent: 69.23
  • Assessed Total Value: $1,393,860.00

Property History for 645 South Eremland 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 645 South Eremland Drive

Taxable ValueLand$964,981Additions$429,449Total$1,394,430
Tax Record2023$18,217 ($1,518 / month)
Home Facts
Total Finished SqFt3,690 SqFtAbove Grade Finished SqFt3,690 SqFtLot Size7,105 SqFtStyleMulti-Family Res (5+ Units)Year Built1956ZoningCVR3-RD150CountyLOS ANGELESAPN8451-003-026

Schools near 645 South Eremland Drive

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

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.

645 South Eremland Drive is a multi-family home for sale in Covina, CA 91723. This property was listed for sale on February 16, 2024 by Robert Leveen, it's currently listed at $1,525,000. It has been on the market for a total of 74 days and was last sold on October 12, 2018. This listing's school district is Covina-Valley Unified School District. Nearby schools include Barranca Elementary School, Sierra Vista Middle School and South Hills High School. 645 South Eremland Drive is a 8-bed, 5-bath, 3,690 sqft multi-family home built in 1956.

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 Robert Leveen, Robert Leveen, DRE #01476685

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.