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Sold for $1,560,000
  • Listing Provided by: 

    Jackson Jorgensen DRE #02022727 jackjorgs@gmail.com,

    Younglewin Advisors, Inc.

    Bought with: NONMEMBER MRML
    $1,560,000

    2425 S Ridgewood Dr, West Covina, CA 91792

    9beds
    6baths
    4,050sqft
    Multi Family
    Built in 1978
    -- sqft lot
    $1,679,000 Zestimate®
    $385/sqft
    $2,522 Estimated rent

    Home value

    $1,679,000

    $1.54M - $1.83M

    $2,522/mo

    Zestimate® history
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    $2,522/mo

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    $9,720/mo

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    What's special

    We are pleased to present 2425 S Ridgewood Dr, a four unit property located in West Covina, CA to market. This pride of ownership asset has been completely replumbed with copper throughout and lies in an exclusive community where tenants have access to a community pool. The property consists of one 3 bed/2 bath unit and three 2 bed/2 bath units. In addition each unit has its own washer/dryer hookup. There are four single car garages and one double car garage on the property and is separately metered for electric and gas. Rents are currently 40% below market rate allowing a new investor substantial upside in future income. Ridgewood Drive presents an opportunity for an investor to get into a well maintained building in a market where only a handful of buildings sell each year.

    Zillow last checked: 7 hours ago

    Listing updated: April 30, 2024 at 12:15pm

    Listing Provided by:

    Jackson Jorgensen DRE #02022727 jackjorgs@gmail.com,

    Younglewin Advisors, Inc.

    Bought with:

    Edwin Mariscal, DRE #01119480

    NONMEMBER MRML

    Source: CRMLS,MLS#: PW24060461MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 9
    • Bathrooms: 6
    Appliances
    • Laundry: Washer Hookup, Electric Dryer Hookup
    Features
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 4,050
    • Total interior livable area: 4,050 sqft

    Property

    Parking
    • Total spaces: 6
    • Parking features: Garage
    • Garage spaces: 6
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: Side
    • Pool features: Association
    Lot
    • Size: 10,082 sqft
    • Features: Gentle Sloping
    Details
    • Parcel number: 8735010022
    • Zoning: WCPCD1*
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1978

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Foothills
    Location
    • Region: West Covina

    Other

    Other facts
    • Listing terms: Conventional

    Price history

    DateEventPrice
    4/30/2024Sold$1,560,000+0.6%$385/sqft
    Source: CRMLS #PW24060461 Report a problem
    4/23/2024Contingent$1,550,000$383/sqft
    Source: CRMLS #PW24060461 Report a problem
    3/27/2024Listed for sale$1,550,000$383/sqft
    Source: CRMLS #PW24060461 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$21,773 +41.3%$1,591,200 +50.8%
    2024$15,405 +3.1%$1,055,147 +2%
    2023$14,944 +10.7%$1,034,459 +2%

    Find assessor info on the county website

    Neighborhood: 91792

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,679,000
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,679,000