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

645 South Eremland Drive

^$ 1,525,000

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645 South Eremland Drive

Covina, CA, 91723

^$ 1,525,000

Studio Baths0.0 Sq 3,690

Monthly Estimate*

^$ 10,653

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

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

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

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

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

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

Studio

Multi-Family Home for sale in Covina, CA

for $1,525,000. This 3,690 square foot home was built in 1956 on a lot size of 0.16.

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 Pending

Price

^$ 1,525,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.16

Year Built

1956

Town/City

Covina

County/Region

Los Angeles

MLS | Web ID

0024359121

Features

General

Heating Wall Furnace

Zoning CVR3-RD1500*

Year Built 1956

Levels Two

County Los Angeles

Net Operating Income 67145.0

New Construction No

Property Type C

HOA / Comm Assn No

Status Pending

City Covina

Buyer Agent Compensation 2.25

Senior Community Y/N No

MLS Area 614 - Covina

Lot Size Square Feet 7107.0

Street Name Eremland

Standard Status Pending

Buyer Agent Compensation Type %

Exterior

Parking Features Community Structure

Lot Size Area 7107.0

Building Area Total 3690.0

Lot Dimensions 60x126

Lot Size Acres 0.16

Lot Size Units Square Feet

Land Lease Type Fee

Interior

Total Stories 2

Heating Y/N Yes

Street Suffix Drive

Laundry Features Community

Total Baths 0

* Excluded Features

List By

Robert Leveen

Listing Agent

Robert Leveen

Broker

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$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 ^$2,398,571

Percent of Sale Price 57%

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.

793437 Elementary School

793428 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 South 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 0.16. 645 South Eremland Drive is a studio with 0.0 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 Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 5/1/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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645 South Eremland Drive

Multi-Family Home for sale in Covina, CA

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