645 S Eremland Drive Covina, CA ^$ 1,525,000

645 S Eremland Drive

^$ 1,525,000

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645 S Eremland Drive

Covina, CA, 91723

^$ 1,525,000

Bedrooms8 Baths5.0 Sq 3,690

Monthly Estimate*

^$ 10,653

Listed by Robert Leveen

645 S Eremland Drive, Covina, CA 91723 - Image 1

645 S Eremland Drive, Covina, CA 91723 - Image 2

645 S Eremland Drive, Covina, CA 91723 - Image 3

645 S Eremland Drive, Covina, CA 91723 - Image 4

645 S Eremland Drive, Covina, CA 91723 - Image 5

645 S Eremland Drive, Covina, CA 91723 - Image 6

Multi-Family Home for sale in Covina, CA

for $1,525,000 with 8 bedrooms and 5 full baths. This 3,690 square foot home was built in 1956 on a lot size of 0.1632.

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.

Multi-Family Active

Price

^$ 1,525,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.1632

Year Built

1956

Town/City

Covina

County/Region

Los Angeles

MLS | Web ID

24359121

Days on Market

Features

General

Heating WallFurnace

Zoning CVR3-RD1500*

Year Built 1956

Stories 2

Levels Two

Gross Income 107412.0

County Los Angeles

Net Operating Income 67145.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions Rowland to Eremland

City Covina

View Y/N N

Senior Community Y/N N

Total Units 5

MLS Area 614 - Covina

Lot Size Square Feet 7107.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Eremland

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 8

Standard Status Active

Occupancy Description Tenant

Cap Rate 4.4

Exterior

Parking Features CommunityStructure

Total Parking 5.0

Lot Size Area 7107.0

Number of Buildings 1

Spa N

Building Area Total 3690.0

Lot Dimensions 60x126

Lot Size Acres 0.1632

Lot Size Units SquareFeet

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N Y

Fireplace Y/N N

Full Baths 0

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Street Suffix Drive

Laundry Features CommonArea

Total Bedrooms 8

Electric On Property Y/N N

Total Baths 5

Internal Only

Street Number 1 645

* Excluded Features

List By

Robert Leveen

Broker

(213) 995-6684

Phone

Affordability Calculator

$10,653

Per Month

Monthly Principal & Interest: $10,653
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Covina, CA

Average List Price ^$2,364,444

Percent of Sale Price 55%

About Covina, CA

49,063 Population

5% Since 2002

^$68,132 Median Income

37.47 Median Age

35% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/17/2024	$1,525,000		Listed Price

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645 S Eremland Drive, Covina, CA, 91723 is a Multi-Family Home for sale at $1,525,000 with 3,690 sqft and a lot size of 0.1632. 645 S Eremland Drive has 8 bedrooms, 5.0 baths, and was built in 1956. The property's zip code is 91723 which is in Covina, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 4/27/2024. 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.

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645 S Eremland Drive

Multi-Family Home for sale in Covina, CA

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